Tapestry, Inc.’s Stock Price Soars to $41.91, Marking a Robust 4.41% Uptick

Tapestry, Inc. (TPR)

41.91 USD +1.77 (+4.41%) Volume: 2.47M

Tapestry, Inc.’s stock price is currently trading at 41.91 USD, showcasing a promising performance with a significant trading session surge of +4.41% and an impressive YTD increase of +13.85%. With a robust trading volume of 2.47M, TPR’s stock continues to attract significant investor interest.

Latest developments on Tapestry, Inc.

Tapestry Inc. (NYSE:TPR) experienced a decrease in stock holdings by Commonwealth Equity Services LLC recently, indicating a shift in investor sentiment. This comes after a previous lowering of stock holdings by the same company, reflecting potential concerns or strategic portfolio adjustments. Such movements in holdings often impact stock prices, prompting investors to closely monitor Tapestry Inc.’s performance in the market today.

Tapestry, Inc. on Smartkarma

Analysts on Smartkarma have been providing positive coverage on Tapestry Inc, with reports from Baptista Research and Value Investors Club highlighting the company’s recent performance and growth prospects. Baptista Research‘s report titled “Tapestry Inc.: Synergies From Capri” discusses how Tapestry exceeded third-quarter earnings expectations through disciplined brand building and operational excellence. CEO Joanne Crevoiserat emphasized the company’s confidence in long-term prospects, despite a slight sales decline in Greater China. Additionally, Baptista Research‘s report “Tapestry Inc: Growing Momentum at Coach” praises Tapestry’s solid Q2 FY2022 earnings, showcasing a 3% sales gain driven by international growth and strong performance in key markets like Greater China.

Value Investors Club also remains bullish on Tapestry Inc, as seen in their report “Tapestry Inc (TPR) – Sunday, Jan 28, 2024″. Despite a decline in TPR’s stock price after an acquisition announcement, the author believes the acquisition will benefit Tapestry Inc financially and strategically. They view the dip in stock price as a buying opportunity and express optimism about Tapestry’s long-term prospects. These reports provide valuable insights for investors looking to understand Tapestry Inc‘s performance and potential growth opportunities in the competitive fashion industry.

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

Looking at the Smartkarma Smart Scores for Tapestry Inc, the company seems to have a positive long-term outlook. With high scores in Dividend and Growth, investors may see potential for good returns in the future. Additionally, the company scores well in Resilience and Momentum, indicating that it is able to withstand economic challenges and has positive market momentum. While the Value score is not as high as some other factors, overall Tapestry Inc appears to be a strong choice for those looking for stability and growth in the fashion and accessories industry.

Tapestry, Inc. is a company that designs and markets a variety of clothing and accessories, including handbags, footwear, fragrance, and jewelry. Based on the Smartkarma Smart Scores, the company is rated highly in Dividend and Growth, suggesting that it may be a good investment for those seeking steady income and potential for expansion. With a strong presence in the United States, Tapestry Inc‘s resilience and market momentum further indicate a promising long-term outlook for the company in the fashion retail sector.

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