Tapestry, Inc.’s Stock Price Dips to $45.55, Marking a 2.98% Drop: A Closer Look at TPR’s Market Performance

Tapestry, Inc. (TPR)

45.55 USD -1.40 (-2.98%) Volume: 3.19M

Tapestry, Inc.’s stock price stands at 45.55 USD, experiencing a drop of 2.98% this trading session with a trading volume of 3.19M. Despite the daily fluctuation, TPR stocks have seen a healthy YTD increase of 23.74%, showcasing its strong market performance.

Latest developments on Tapestry, Inc.

Recent events have significantly influenced Tapestry Inc. stock prices. The company’s shares fell on both Monday and Friday, underperforming the market. In addition, the Public Employees Retirement System of Ohio sold its shares in Tapestry Inc. (NYSE:TPR). However, it’s not all negative as CX Institutional purchased 6521 shares and Baker Tilly Wealth Management LLC invested $209,000 in Tapestry, Inc. (NYSE:TPR), indicating some level of confidence in the company’s future performance.

Tapestry, Inc. on Smartkarma

According to analysts on Smartkarma, Tapestry Inc, the parent company of Coach, is experiencing growing momentum and solid earnings in its latest quarter. Baptista Research reports that the company achieved a 3% sales gain, driven by a 12% growth at constant currency internationally. This highlights the benefits of its diversified business model, with notable sales increases in Greater China, Japan, Europe, and other parts of Asia. Impressively, Tapestry also maintained its revenue standing in North America, exceeding previous expectations.

Another report from Baptista Research dives deeper into Tapestry Inc‘s strategic moves and future growth potential. Despite falling short of Wall Street’s revenue expectations, the company still achieved a commendable 2% constant currency revenue growth. This aligns with its projected outlook and showcases the advantages of its diversified global business model. The focus on fashion innovation and product excellence has also led to successful launches and outperforming elements, particularly in the handbag category. Overall, analysts on Smartkarma remain bullish on Tapestry Inc‘s prospects for growth and success.

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

Tapestry Inc, a company that designs and markets clothing and accessories, has an overall positive outlook for the long-term based on the Smartkarma Smart Scores. The company scores a 3 for value, indicating that it is reasonably priced compared to its peers. Additionally, Tapestry scores a 4 for dividend, suggesting that it has a strong track record of paying dividends to its shareholders.

Furthermore, Tapestry scores a 5 for both growth and momentum, indicating that the company is performing well and has potential for future growth. This is supported by the fact that Tapestry offers a wide range of products, including handbags, footwear, and fragrance, and serves customers in the United States. Overall, Tapestry appears to be a resilient company with a strong foundation for long-term success.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma