Ninety One UK Ltd Decreases Stake in Tapestry, by 4.4% in Q4

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Tapestry ($NYSE:TPR), Inc. is a leading luxury fashion company that designs and markets handbags, accessories and apparel under five global brands: Coach, Kate Spade, Stuart Weitzman, and Ugg. Ninety One UK Ltd, a global asset manager, recently announced the reduction in their ownership of Tapestry, Inc. by 4.4% in the fourth quarter of the last year. This reduction comes after their ownership of the company had more than doubled during the last quarter. This announcement has caused some concern for shareholders and analysts alike, as to what could be the motive behind Ninety One UK Ltd’s decision to reduce its stake in Tapestry, Inc. It is possible that the asset manager has reevaluated its investment and decided to take a more cautious approach, or it could also be that they are seeking to diversify their portfolio.

Analysis

At GoodWhale, we recently conducted an analysis of the wellbeing of TAPESTRY. Our Risk Rating for TAPESTRY indicates that it is a high risk investment when taking into account both its financials and business aspects. When we examined their income sheet, balance sheet, and non-financials, we detected three risk warnings. To access more detailed information regarding our analysis, please register on GoodWhale.com. Our reports provide a comprehensive overview of the health of a business, which can help you make informed decisions about your investments. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tapestry. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tapestry. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tapestry. More…

Key Ratios Snapshot

Some of the financial key ratios for Tapestry are shown below. More…

Peers

In the luxury goods industry, Tapestry Inc. competes against companies like CCC SA, Prada SpA, and Nordstrom Inc. While each company has its own unique strengths, Tapestry Inc. has been able to compete effectively by offering a combination of high-quality products, exclusive designs, and excellent customer service. As a result, Tapestry Inc. has been able to maintain a loyal customer base and grow its business.

– CCC SA ($LTS:0LS5)

CCA SA is a Chile-based holding company engaged in the telecommunications sector. The Company’s main shareholder is América Móvil, S.A.B. de C.V. (AMX), through its subsidiary Telmex Internacional, S.A.B. de C.V. (Telmex). CCA SA’s subsidiaries include VTR Chile S.A., an operator of a pay television and Internet service; VTR Banda Ancha Ltda., a provider of broadband Internet; Willax TV Ltda., an over-the-air television broadcaster; Nextel Chile Ltda., a provider of digital mobile radio communications services; and Núcleo Ltda., a provider of telecommunications infrastructure.

– Prada SpA ($SEHK:01913)

Prada SpA is an Italian luxury fashion house that designs, manufactures, and markets men’s and women’s clothing, footwear, handbags, and other accessories. The company has a market cap of 96.72B as of 2022 and a Return on Equity of 11.91%. Prada was founded in 1913 by Mario Prada and is currently headed by Miuccia Prada. The company’s products are sold through its own boutiques, department stores, and online.

– Nordstrom Inc ($NYSE:JWN)

Nordstrom, Inc. is a leading fashion retailer offering quality apparel, shoes, and accessories for men, women, and children. Nordstrom operates more than 120 stores in the United States and Canada, and also has an e-commerce business. The company’s strong performance is due in part to its focus on customer service and providing a unique shopping experience. Nordstrom’s market cap is 3.15B as of 2022, and its ROE is 70.09%. Nordstrom is a publicly traded company on the Nasdaq stock exchange.

Summary

Tapestry, Inc. has seen a notable drop in investment from Ninety One UK Ltd during the fourth quarter of the previous year. The 4.4% decrease in stake serves as a warning sign to potential investors. In light of this, it is important to analyze the current market conditions and Tapestry’s operations in order to make a well informed investing decision.

Analyzing the company’s financial statements, evaluating the competitive landscape and market trends, and considering the company’s current management strategies are all important factors to consider when assessing the potential risks and rewards of investing in Tapestry. Investors should also pay attention to any news or developments that might affect Tapestry’s performance.