Added to YB: 2023-12-11
Pitch date: 2023-12-07
TPR [bullish]
Tapestry, Inc.
+356.57%
current return
Author Info
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Tapestry, Inc. provides accessories and lifestyle brand products in North America, Greater China, rest of Asia, and internationally.
Market Cap
$31.5B
Pitch Price
$31.47
Price Target
57.00 (-60%)
Dividend
1.03%
EV/EBITDA
14.39
P/E
63.95
EV/Sales
4.57
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
Show full summary:
M&A Arb Update: Tapestry Acquiring Capri
TPR to buy CPRI for $8.5B; mkt skeptical at 62% odds but concerns seem overblown: deal history, SAMR approval rates, strong fcf to delever. Strategically sound to boost intl presence. Options mkt doesn't see big moves; bearish rxn to FTC overdone. Cedar Grove sees it closing.
Read full article (6 min)