Tapestry, Inc. (NYSE:TPR) experienced significant trading activity, bolstered by various investment firms. Notably,
Capricorn Fund Managers Ltd and
HB Wealth Management LLC acquired stocks, while others such as
Assetmark Inc. sold their shares.
Morgan Stanley raised their price target for the stock to $115, validating Tapestry's growth potential. Remarkably, Tapestry's
Coach brand drove a 60% rally, reshaping market liquidity rankings. In contrast, BofA downgraded the stock due to valuation concerns.
Jim Cramer cautioned on Tapestry, predicting the stock might fall in the current market. However, despite some skepticisms, Tapestry received significant backing, with investment outfits such as
Meeder Asset Management and
Picton Mahoney increasing their stocks and the company rallying around 34% according to top analysts. Tapestry also notably invested $15M in circular leather technology, which might further boost its Coach and Kate Spade brands. Additionally, the company reported uplifting Q3 fiscal 2025 results and raised the full-year outlook.
Tapestry TPR News Analytics from Thu, 06 Feb 2025 08:00:00 GMT to Sat, 02 Aug 2025 23:48:17 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -4
