An update from Tapestry ( (TPR) ) is now available.
Tapestry, Inc. is making a strategic financial move with a $2.0 billion accelerated share repurchase agreement involving Bank of America and Morgan Stanley. This initiative is part of an expanded $2.8 billion buyback program aimed at returning over 100% of the company’s free cash flow to shareholders in Fiscal 2025. By purchasing shares at a discounted volume-weighted average price, Tapestry plans to optimize its capital deployment while maintaining significant capacity for future buybacks.
For detailed information about TPR stock, go to TipRanks’ Stock Analysis page.