Tapestry, Inc.’s Stock Price Soars to $40.37, Marking a Notable 3.57% Increase

Tapestry, Inc. (TPR)

40.37 USD +1.39 (+3.57%) Volume: 5.36M

Tapestry, Inc.’s stock price is currently standing at 40.37 USD, experiencing a positive trading session with a percentage change of +3.57%. With a trading volume of 5.36M and a percentage change YTD of +9.67%, Tapestry’s stock performance continues to show promising growth, making it an appealing consideration for potential investors.

Latest developments on Tapestry, Inc.

Despite delivering Q3 earnings ahead of expectations, Tapestry Inc‘s stock price has experienced significant movements due to a mixed bag of events. The fashion giant trimmed its FY24 revenue outlook amid a challenging consumer landscape and costs related to the Capri deal, while Coach sales were not enough to offset an earnings hit. Additionally, Tapestry’s shares were impacted by sales guidance cuts and a revenue miss, leading to a tumble in stock price. The company, however, remains confident about the Capri deal, even as it faces scrutiny from the FTC.

Tapestry, Inc. on Smartkarma

Analysts on Smartkarma have been providing bullish coverage on Tapestry Inc, with a focus on the company’s strategic moves and growth potential. Value Investors Club highlighted a decline in TPR’s stock price after an acquisition announcement but remains optimistic about the benefits it will bring to Tapestry Inc. Meanwhile, Baptista Research pointed out Tapestry Inc‘s solid Q2 FY2022 earnings, with a 3% sales gain internationally and notable sales increases in Greater China and other regions. The company’s emphasis on fashion innovation and product excellence has been driving growth, as mentioned in their research reports.

A look at Tapestry, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Tapestry Inc has a positive long-term outlook. With high scores in Growth and Dividend factors, the company is positioned well for future expansion and income generation for investors. Additionally, strong Momentum and Resilience scores indicate stability and potential for continued success in the market.

Tapestry Inc, known for designing and marketing a variety of clothing and accessories, including handbags, footwear, and jewelry, is expected to maintain its competitive edge in the industry. With a balanced mix of value, growth, and dividend potential, Tapestry offers a solid investment opportunity for those looking for a reliable and promising company in the fashion and accessories sector.

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