The recent activity surrounding Tapestry, Inc. (TPR) has produced a variety of views about the company's financial standing. Several investment companies such as DRW Securities LLC, Focus Partners Advisor Solutions LLC, and Magnetar Financial LLC have taken positions in the luxury fashion firm. Furthermore, a spike in shares purchased by Southpoint Capital Advisors LP and Mubadala Investment Co. PJSC is noteworthy. On the other hand, notable organizations including Rafferty Asset Management LLC and Vident Advisory LLC have sold their stakes in Tapestry.
The firm's earnings performances and forecasts also caused industry chatter. Their Q4 Earnings reportedly surpassed estimates which instigated stock trading surge. However, Tapestry’s stocks were negatively impacted by the announcement of anticipated Tariff pressure, despite reporting positive Q4 results. On the brighter side, Wall Street Zen upgraded Tapestry's rating to a strong buy, whereas analyst Jim Cramer termed the corporation's performance as 'kind of quizzical'.
Firms like Bernstein have reaffirmed their buy rating on Tapestry, commending the strong momentum of its 'Coach' brand. However, concerns arise as Tapestry’s stock fell due to the Kate Spade brand and tariff pressures affecting profitability.
Tapestry TPR News Analytics from Sat, 03 May 2025 07:00:00 GMT to Sat, 06 Sep 2025 22:28:34 GMT - Rating 1 - Innovation -3 - Information 0 - Rumor -5
