Brown Advisory Inc., renown asset management company, has purchased a significant chunk of
Tapestry, Inc. shares, with the support of multiple investment firms. Moreover, Tapestry announced a
$15M investment in Circular Leather Tech, a move highlighting its commitment to sustainable practices and innovation in the luxury market. Its Coachtopia sub-brand is set to expand further as Tapestry's stake increases in
Gen Phoenix. Several financial institutions, including Kingsview Wealth Management LLC, Cerity Partners LLC, and many more, have boosted their stakes in Tapestry. Tapestry shares hit a new all-time high, receiving a '100% Buy' signal. The company's stock continues to soar with strong Q1 results and raised full-year outlook. The company’s
strong growth is attributed to its strengthened customer engagement and omnichannel strategy. However, caution is advised as some insiders and short sellers appear to be offloading large chunks of Tapestry stock. The company also navigated the collapse of a potential merger effectively, maintaining strong performance in the market. With the continual upsurge, financial analysts believe Tapestry's stock is a strong choice for long-term investment.
Tapestry TPR News Analytics from Thu, 14 Nov 2024 08:00:00 GMT to Sat, 19 Jul 2025 22:32:21 GMT -
Rating 8
- Innovation 2
- Rumor 5
