Tapestry, Inc.’s Stock Price Soars to $41.35, Marking a Robust 3.19% Uptick

Tapestry, Inc. (TPR)

41.35 USD +1.28 (+3.19%) Volume: 4.5M

Tapestry, Inc.’s stock price has showcased a robust performance, currently trading at 41.35 USD, marking a significant rise of +3.19% this trading session. With an impressive trading volume of 4.5M, the luxury fashion company has experienced a year-to-date percentage change of +12.33%, reflecting its strong market position and promising investment potential.

Latest developments on Tapestry, Inc.

Recent events have contributed to significant movements in Tapestry Inc‘s stock price. The company’s emissions reduction targets were validated by the Science Based Targets Initiative, bolstering its environmental credentials. Despite Tapestry’s outperform rating being reiterated by Telsey Advisory Group, its price target was lowered to $50.00 by Robert W. Baird and further cut to $54.00 by JPMorgan Chase & Co. This comes amidst various stake and share changes by investment firms and banks. Tapestry has also been in the spotlight due to the FTC’s controversial case against their $8.5B Capri buyout.

Tapestry, Inc. on Smartkarma

Analysts on Smartkarma have been covering Tapestry Inc, with Value Investors Club providing insights on the decline in TPR’s stock price after an acquisition announcement. The author believes that the acquisition will benefit Tapestry Inc financially and strategically, seeing the dip in stock price as a buying opportunity and remaining bullish on TPR’s long-term prospects.

Another analyst from Baptista Research shared a positive outlook on Tapestry Inc, highlighting the company’s solid Q2 FY2022 earnings and a 3% sales gain driven by international growth. The firm saw significant sales increases in Greater China, Japan, Europe, and other parts of Asia, while maintaining revenue standing in North America. The emphasis on fashion innovation and product excellence has contributed to Tapestry’s growth potential and success in the market.

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 strong long-term outlook. With top scores in Dividend and Growth, the company is well-positioned to provide returns to investors while also expanding its business. Its high Momentum score indicates positive market sentiment and potential for future growth. However, with average scores in Value and Resilience, investors may need to carefully consider the company’s valuation and ability to withstand economic challenges.

Tapestry Inc, known for designing and marketing a wide range of clothing and accessories, has received favorable ratings in key areas according to the Smartkarma Smart Scores. With a focus on handbags, leather goods, and footwear, the company has established a strong presence in the market. Its top scores in Dividend and Growth suggest a promising future, while its overall performance in Resilience and Value indicates areas where investors may want to exercise caution. Overall, Tapestry Inc appears to be on a positive trajectory for long-term success in the fashion industry.

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.
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