Tapestry Inc. ($TPR) Stock Forecast: Up 1.5% Today

What is Tapestry Inc.?

Tapestry Inc. (TPR) is a luxury fashion company that owns brands like Coach, Kate Spade, and Stuart Weitzman. The company focuses on customer-centric strategies and digital transformation to stay competitive in the luxury retail industry.

Why is Tapestry Inc. going up?

TPR stock is up 1.5% on Jun 6, 2024 16:25

• TPR stock experienced a bullish movement today.
• The company's strategic approach to growth and prioritization of digital transformation is likely driving investor confidence.
• Positive developments highlighting Tapestry's improved relative price performance and focus on mental health initiatives may have contributed to the bullish market movement.
• Investors may be optimistic about TPR's potential for rebound and growth, especially in the luxury retail sector, leading to increased buying interest and driving the stock price higher.

TPR Price Chart

TPR News

Tapestry ( TPR ) Rides on Customer-Centricity & Digitization

Tapestry's (TPR) strategic approach to growth and the prioritization of digital transformation is paving a favorable path for the company within the fiercely competitive luxury retail industry.

https://www.zacks.com/stock/news/2284243/tapestry-tpr-rides-on-customer-centricity-digitization

Tapestry Stock Shows Rising RS Rating; Still Shy Of Benchmark

Tapestry Stock Shows Rising RS Rating. Still Shy Of Benchmark Investor's Business Daily ...

https://www.investors.com/news/tapestry-stock-shows-rising-rs-rating-still-shy-of-benchmark/

Comeback Kids: 7 Undervalued Stocks Ready to Rebound

While it’s comforting to pick the ideas that the masses have selected under the theory of safety in numbers, adventurous investors may want to consider undervalued rebound stocks. Beaten down based on their valuations against key financial metrics, these ideas have been largely abandoned by the market. However, ignoring these ideas may be a mistake. Yes, focusing merely on underappreciated ideas presents higher risks. They’re away from the spotlight for a reason. At the same time, finding a hidden gem can yield tremendous returns. With that in mind, below are undervalued rebound stocks to consider.

https://investorplace.com/2024/06/comeback-kids-7-undervalued-stocks-ready-to-rebound/

Tapestry Shows Improved Relative Price Performance; Still Shy Of Benchmark

Tapestry Shows Improved Relative Price Performance. Still Shy Of Benchmark Investor's Business Daily ...

https://www.investors.com/ibd-data-stories/tapestry-shows-improved-relative-price-performance-still-shy-of-benchmark/

Tapestry, Inc.: Tapestry Is Making Space for Mental Health

NORTHAMPTON, MA / ACCESSWIRE / May 31, 2024 / Tapestry, Inc.Coloring at Tapestry''s Ohio fulfillment centerAt Tapestry, we cultivate a place for people who are both warm and rigorous, work that is b…

https://www.finanznachrichten.de/nachrichten-2024-05/62377718-tapestry-inc-tapestry-is-making-space-for-mental-health-200.htm

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Tapestry Inc. Price History

08.01.2024 - TPR Stock was up 7.8%

• TPR's stock surged to a six-month high after reporting better-than-expected sales in Q2.
• The strong performance of TPR's Coach brand offset weakness at Kate Spade, contributing to the bullish movement.
• TPR's earnings beat and raised profit outlook for the full year 2024 also contributed to the positive market movement.
• The positive surprise in earnings and revenue for Q2 suggests a promising future for TPR's stock.

08.01.2024 - TPR Stock was up 6.2%

• TPR stock had a strong bullish movement today.
• Tapestry announced its second-quarter results, beating revenue expectations and showing a 3% growth compared to the prior year.
• The company's strong international growth, particularly in China, helped it beat sales estimates during the crucial holiday quarter.
• Tapestry's inclusion in Fortune's World's Most Admired Companies list for 2024 also added to the positive sentiment surrounding the stock.

08.01.2024 - TPR Stock was up 7.5%

• Tapestry's stock (TPR) experienced a strong bullish movement today.
• The company announced its second-quarter results, beating revenue estimates and raising its FY24 EPS outlook.
• Strong international growth, particularly in China, contributed to Tapestry's positive performance.
• Additionally, Tapestry was recognized as one of Fortune's World's Most Admired Companies, further enhancing its corporate reputation.

04.03.2024 - TPR Stock was down 5.3%

• Tapestry's stock declined, possibly in response to a trademark infringement lawsuit initiated by Coach against The Gap, Inc. This legal conflict could have raised investor concerns regarding brand integrity and legal expenses.
• The lawsuit's negative impact outweighed the positive news of Tapestry's Women's History Month celebrations worldwide. Despite efforts to promote inclusivity and empowerment, the legal issue took precedence, impacting the stock performance.
• Investors may have sold Tapestry's shares due to uncertainty surrounding the lawsuit, evaluating potential financial and reputational consequences of the legal dispute.

08.01.2024 - TPR Stock was up 7.9%

• Tapestry has been named one of Fortune's World's Most Admired Companies, which positively impacts its corporate reputation.
• The company reported strong fiscal second-quarter results, with an increase in net sales and adjusted earnings.
• The strong performance of Tapestry's Coach brand led to an earnings beat and raised profit outlook.
• The Q2 earnings and revenue surprises further contribute to the positive market movement.
• Overall, the bullish movement of Tapestry's stock can be attributed to the company's strong financial performance and positive recognition in the industry.

09.01.2024 - TPR Stock was up 6.2%

• TPR stock had a strong bullish movement today, with shares trading higher and a 6% increase in early trade.
• The company's second-quarter results exceeded expectations, with a 3% growth in revenue compared to the previous year.
• TPR's strong performance can be attributed to the company's strong holiday quarter, beating sales estimates and benefiting from strong international growth, particularly in China.
• Despite the challenges in the broader economy, Chinese consumers continue to splurge on luxury clothes, contributing to TPR's positive market movement.

04.03.2024 - TPR Stock was down 5.4%

• TPR stock exhibited a bearish movement today.
• A trademark infringement lawsuit filed by Coach, a subsidiary of Tapestry, against The Gap, Inc. could have influenced investor sentiment negatively.
• The legal conflict and possible brand confusion resulting from the unauthorized sale of T-shirts bearing the "Coach" logo may have sparked worries about Tapestry's brand integrity and future sales.
• Investors might be exercising caution concerning the lawsuit's resolution and its potential financial impacts on Tapestry, thereby applying downward pressure on the stock price.

29.10.2023 - TPR Stock was up 2.6%

• TPR had a strong bullish movement today.
• Consumers' use of the "buy-now, pay-later" option to fund record Black Friday purchases indicates encouraging signs of consumer spending, which could have positively impacted TPR's sales.
• The increase in TPR's stake by L2 Asset Management LLC during the second quarter suggests growing investor confidence in the company.
• The upgrade of Capri Holdings Ltd.'s stock to buy by CFRA, as it trades below the acquisition price offered by TPR, could have also influenced the bullish movement of TPR's stock.

09.01.2024 - TPR Stock was up 6.2%

• The bullish movement in TPR stock today can be attributed to several factors:
• 1. Strong holiday quarter: The company's earnings call highlighted a robust performance during the holiday season, indicating increased sales and positive consumer sentiment.
• 2. Resilient Chinese market: Despite the struggles in China's broader economy, consumers in the country continue to splurge on luxury clothes, which bodes well for Tapestry's brands.
• 3. Better-than-expected results: Tapestry's second-quarter results surpassed expectations, with revenue growth of 3% compared to the previous year. This positive outcome likely contributed to the stock's upward movement.
• 4. Improved outlook: The company's raised FY24 EPS outlook further boosted investor confidence, leading to a surge in Tapestry's shares.
• Overall, Tapestry's strong performance, particularly in the holiday quarter, along with positive market conditions in China, and better-than-expected financial results, likely drove the bullish movement in TPR stock today.

02.03.2024 - TPR Stock was down 5.1%

• The bearish movement in Tapestry, Inc. stock today could be attributed to several factors:
• Despite celebrating Women's History Month with events globally, the market may have been expecting more concrete financial updates or strategic announcements from the company.
• The comparison with other retail-wholesale stocks like Texas Roadhouse may have highlighted relative underperformance, leading to investor concerns.
• While Tapestry's stock had shown significant growth in the past six months, the market sentiment today might have been influenced by profit-taking or broader market conditions impacting the retail sector.
• Investors may be looking for more clarity on how Tapestry plans to sustain its growth trajectory through continued brand engagement and retail innovation amidst evolving consumer preferences and market dynamics.

09.04.2024 - TPR Stock was up 3.1%

• Tapestry Inc (TPR) experienced a bullish market movement today.
• Despite a 2% sales decline year-on-year, the company's adjusted EPS of $0.81 beat analyst estimates, showcasing strong performance.
• The increase in gross profit and margin expansion to 74.7% contributed positively to investor sentiment.
• The market reacted positively to the earnings beat, indicating investor confidence in Tapestry's ability to navigate challenges and deliver results.

06.05.2024 - TPR Stock was up 1.5%

• TPR stock experienced a bullish movement today.
• The company's strategic approach to growth and prioritization of digital transformation is likely driving investor confidence.
• Positive developments highlighting Tapestry's improved relative price performance and focus on mental health initiatives may have contributed to the bullish market movement.
• Investors may be optimistic about TPR's potential for rebound and growth, especially in the luxury retail sector, leading to increased buying interest and driving the stock price higher.