CPRI - Tapestry Stock: Plenty Of Positives Beyond The Capri Acquisition
2024-03-13 02:23:46 ET
Summary
- Tapestry's latest quarterly earnings exceeded expectations, with management raising full-year EPS guidance.
- The company is making progress toward closing on its acquisition of Capri Holdings, representing a transformative deal and new growth driver.
- We are bullish on TPR stock and view shares as still attractively valued even following the rally in recent months.
Tapestry, Inc. ( TPR ) has captured a new wave of operating and financial momentum, quietly pushing shares to a near 3-year high. The company's latest quarterly report beat expectations, highlighted by expanding margins, turning the page on a challenging last couple of years between the pandemic disruptions and the more recent wave of inflationary cost pressures....
Tapestry Stock: Plenty Of Positives Beyond The Capri Acquisition