Tapestry, Inc.’s Stock Price Takes a Hit, Drops to $40.54 Amidst a 3.45% Decline

Tapestry, Inc. (TPR)

40.54 USD -1.45 (-3.45%) Volume: 2.43M

Tapestry, Inc.’s stock price stands at 40.54 USD, experiencing a downturn of -3.45% this trading session with a trading volume of 2.43M, yet demonstrating a robust YTD increase of +10.13%, reflecting its dynamic market performance.

Latest developments on Tapestry, Inc.

Today, Tapestry Inc (NYSE:TPR) saw a fluctuation in its stock price as Park Avenue Securities LLC acquired 1785 shares of the company. This move by the financial firm could indicate a vote of confidence in Tapestry’s future prospects, leading to increased investor interest and potential price movements. With this latest development, investors will be closely monitoring Tapestry Inc‘s stock performance in the coming days.

Tapestry, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are bullish on Tapestry Inc‘s performance. In their report “Synergies From Capri,” Tapestry Inc exceeded expectations in its third quarter earnings. CEO Joanne Crevoiserat highlighted that total revenue was in line with the prior year, despite a 2% sales decline in Greater China. Baptista Research sees long-term prospects for Tapestry Inc and continued investment in the region.

Another report by Value Investors Club on Smartkarma titled “Tapestry Inc (TPR) – Sunday, Jan 28, 2024″ discusses a decline in Tapestry Inc‘s stock price after an acquisition announcement. The author believes the acquisition will benefit Tapestry Inc financially and strategically. Despite the stock price dip, the author remains bullish on Tapestry Inc‘s long-term prospects, viewing the decline as a buying opportunity.

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 can expect good returns and stability in the future. Additionally, the company scores well in Resilience and Momentum, indicating that it is well-positioned to weather any market fluctuations and maintain a steady pace of growth.

Tapestry Inc, known for designing and marketing clothes and accessories, offers a wide range of products including handbags, footwear, fragrance, and jewelry. With a strong focus on dividends and growth, coupled with its resilience and momentum, Tapestry Inc appears to be a solid choice for investors looking for a reliable and promising company in the fashion industry.

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