Tapestry, Inc.’s Stock Price Soars to $72.89, Marking a Noteworthy 3.52% Increase

Tapestry, Inc. (TPR)

72.89 USD +2.48 (+3.52%) Volume: 5.3M

Unraveling the robust performance of Tapestry, Inc.’s stock price, currently at 72.89 USD, witnessing a promising surge of +3.52% this trading session, with a robust trading volume of 5.3M. The luxury fashion company’s stock has shown an impressive YTD increase of +11.57%, highlighting its strong market position.

Latest developments on Tapestry, Inc.

Recent stock price movements for Tapestry Inc (NYSE:TPR) have been influenced by various key events. Rodgers Brothers Inc. sold over 29,000 shares of TPR, while Pictet Asset Management Holding SA bought over 400,000 shares, indicating contrasting investor sentiments. Vanguard Group Inc. and Sei Investments Co. also made significant moves in their stakes in TPR. With TPR stock rising 54% in the past 6 months, investors are optimistic about its future growth potential. Despite some firms like Prudential Financial Inc. lowering their holdings, others like Virtu Financial LLC and Mizuho Securities USA LLC have shown confidence by investing in TPR. Overall, TPR remains a top growth stock for the long-term, attracting interest from various investment firms.

Tapestry, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely following Tapestry Inc. The company, which includes brands like Coach, Kate Spade, and Stuart Weitzman, recently reported strong results for its second quarter. Surpassing expectations, Tapestry achieved record quarterly revenue and earnings per share. Notably, Coach’s brand strength and pricing power played a significant role in driving a 5% revenue growth for the company. Analysts are bullish on Tapestry’s successful expansion in international markets and its commitment to strategic brand building.

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 the Smartkarma Smart Scores, Tapestry Inc has a promising long-term outlook. With high scores in Dividend, Growth, and Momentum, the company is positioned well for future success. Its strong performance in these areas indicates a positive trajectory for Tapestry Inc in the coming years.

While the company may have lower scores in Value and Resilience, its overall outlook remains favorable. Tapestry Inc, known for designing and marketing a variety of fashion products, including handbags, footwear, and accessories, continues to attract customers in the United States. With a focus on growth and maintaining momentum, Tapestry Inc is poised for continued success in the fashion industry.

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