The luxury retailer, Tapestry (TPR), received an increased price target of $120.00 from Wells Fargo & Company, while other reports indicated mixed sentiments, with shares plunging around 16% due to tariffs biting into profits. Key metrics of Q4 earnings beat analysts' estimates and despite a dip in annual earnings, the dividend was raised. Mixed signals on Tapestry’s outlook are coming from analysts as they ponder over the impacts of tariffs, the challenge posed by Kate Spade to match Coach's success, and contrasting technical outlooks amidst analyst optimism. Reports show Tapestry’s majority of shares being bought and sold by banks and financial firms, elaborating on the significant portfolio reshuffling. Additionally, recent reports shed light on how tariffs and market conditions are the least of worries as the Coach brand shows strong momentum, resulting in the stock surging despite a lower-than-expected trading volume. An important announcement was Tapestry’s completion of the sale of its Stuart Weitzman brand to Caleres and an increased focus on Coach and Kate Spade, adapted as a strategic measure.
Tapestry TPR News Analytics from Mon, 28 Jul 2025 07:00:00 GMT to Sat, 16 Aug 2025 22:16:25 GMT - Rating 3 - Innovation 0 - Information 6 - Rumor -2
