Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

Tapestry's Trading Volume Drops 35% but Ranks 373rd in Market as Stock Surges 18% in Eight Days

Market BriefTuesday, May 13, 2025 7:52 pm ET

1min read

On May 13, 2025, Tapestry's trading volume was $300 million, down 35.16% from the previous day, ranking 373rd in the day's stock market. Tapestry(TPR) rose 1.14%, marking its eighth consecutive day of gains, with an 18.60% increase over the past eight days.

Tapestry, Inc. has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.375 per share on the Company's common stock. The dividend is payable on July 1, 2025, to shareholders of record at the close of business on June 10, 2025.

Tapestry, Inc. has reported its financial results for the fourth quarter and fiscal year ended July 1, 2024. The company's net sales for the fourth quarter were $1.6 billion, a 10% increase compared to the same period last year. The company's net income for the fourth quarter was $150 million, a 15% increase compared to the same period last year.

Tapestry, Inc. has announced that it has entered into a definitive agreement to acquire Capri Holdings Limited, a global fashion luxury group, for approximately $8.5 billion in cash and stock. The acquisition is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.