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The Latest Breaking News from Tapestry

Stocks Close Slightly Higher as Bond Yields Jump

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.18%. Stocks on Thursday closed slightly higher, with the Dow...

Stock Market Today: Stocks Notch Hard-Fought Win After July CPI Report

Stock Market Today: Stocks Notch Hard-Fought Win After July CPI Report

The major market indexes closed up after Thursday's inflation data, but finished well off their session highs.

Versace’s new owner wants to be a big beast. But it’s no match for Europe’s behemoths

Versace’s new owner wants to be a big beast. But it’s no match for Europe’s behemoths

Tapestry’s purchase of three big fashion names gives it heft. But LVMH and Kering have the front row to themselves

The Guardian - UK

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Stocks Give Up Morning Gains After a Benign U.S. CPI Report Released

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.16%. Today’s benign U.S. July CPI report bolstered the outlook...

Coach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH

Tapestry’s acquisition of Capri is a move to wield greater influence in the European-dominated luxury market and mitigate the effects of slowed consumer spending.

Stocks Climb on a Benign U.S. CPI Report

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.93%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.90%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. Stocks this morning are moderately higher, with the Dow...

Markets Today: Stocks Climb and Bond Yields Fall on Supportive U.S. Inflation News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.54%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.80%. Stock indexes this morning are moderately higher after the weaker-than-expected U.S. Jul CPI report bolstered the outlook for the Fed to pause its interest rate...

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Coach owner buys Versace parent company to create new US luxury fashion giant

The merger creates a business with global sales of more than $12 billion a year and annual profits of close to $2 billion

Evening Standard

Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal

Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings

The Independent UK

Best Consumer Discretionary Stocks to Buy Now

Best Consumer Discretionary Stocks to Buy Now

Consumer discretionary stocks have been challenging places to invest in, but these picks could overcome several sector headwinds.

Intel's Self-Driving Tech Firm Raises Over $800M In IPO, Alphabet Misses Q3 Earnings Expectations, Lyft Cuts Price For Monthly Subscription Plan: Top Stories Wednesday, Oct. 26

Intel's Self-Driving Tech Firm Raises Over $800M In IPO, Alphabet Misses Q3 Earnings Expectations, Lyft Cuts Price For Monthly Subscription Plan: Top Stories Wednesday, Oct. 26

Facing the dual threat of climate change and human disturbance, Mumbai – and the world – should listen to its fishing communities

Facing the dual threat of climate change and human disturbance, Mumbai – and the world – should listen to its fishing communities

Coastal cities and settlements are at the forefront of climate disruption. Rising sea levels, warmer seas and changes in rainfall patterns are together creating conditions that mean misery for coastal dwellers.

The Conversation

New Bristol taproom opens making brewing accessible to all

New Bristol taproom opens making brewing accessible to all

“Our fundamental view is that everyone has a contribution to make somewhere"

An animal tranquilizer is making street drugs even more dangerous

An animal tranquilizer is making street drugs even more dangerous

The sedative xylazine is starting to permeate illegal opioids and cocaine. It does not respond to naloxone, an overdose reversal medication, and may be to blame for grisly injuries and infections.

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Tapestry — Owner Of Fashion Brand Coach — Is A "Structural Pandemic Winner," Jefferies Says In Upgrade: What Else Impressed This Analyst?

Tapestry Inc (NYSE: TPR) has been through a culture change focusing on data-driven results, which should continue to drive progress, according to Jefferies.

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

9 Analysts Have This to Say About Tapestry

Tapestry (NYSE:TPR) has observed the following analyst ratings within the last quarter:

10 Biggest Price Target Changes For Wednesday

Jefferies raised Tapestry, Inc. (NYSE: TPR) price target from $30 to $45. Tapestry shares rose 2.2% to close at $31.60 on Tuesday.

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Telsey Advisory Group Maintains Outperform Rating for Tapestry: Here's What You Need To Know

Telsey Advisory Group has decided to maintain its Outperform rating of Tapestry (NYSE:TPR) and lower its price target from $56.00 to $46.00. Shares of Tapestry are trading up 3.98% over the last 24 hours, at $31.85 per share. A move to $46.00 would account for a 44.43% increase from the…

Tapestry Q3 Earnings Top Estimates; Cuts FY22 Outlook

Tapestry Inc (NYSE:TPR) reported third-quarter FY22 sales growth of 13% year-on-year, to $1.44 billion, beating the consensus of $1.42 billion. Adjusted EPS of $0.51 beat the analyst consensus of $0.41. Gross profit rose 10.2% Y/Y to $1.01 billion, with the margin contracting 170 basis points to 69.9%. The operating margin expanded 260 basis…

Recap: Tapestry Q3 Earnings

Tapestry (NYSE:TPR) reported its Q3 earnings results on Thursday, May 12, 2022 at 07:45 AM. Here's what investors need to know about the announcement.

What 4 Analyst Ratings Have To Say About Tapestry

Analysts have provided the following ratings for Tapestry (NYSE:TPR) within the last quarter:

Benzinga's Top Ratings Upgrades, Downgrades For April 19, 2022

Tapestry's Return On Capital Employed Insights

According to Benzinga Pro, during Q2, Tapestry (NYSE:TPR) earned $317.90 million, a 40.11% increase from the preceding quarter. Tapestry also posted a total of $2.14 billion in sales, a 44.56% increase since Q1.

Tapestry Q2 Earnings Top Estimates; Raises FY22 Outlook

Tapestry Inc (NYSE:TPR) reported second-quarter FY22 sales growth of 27% year-on-year, to $2.14 billion, beating the analyst consensus of $2.00 billion. Sales rose 18% compared to pre-pandemic levels. Digital sales rose 30% Y/Y and nearly tripled compared to pre-pandemic levels. Adjusted EPS of $1.33 beat the analyst consensus of $1.18. Gross profit rose…

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