Tapestry Inc (NYSE: TPR) has reported earnings for its fourth fiscal quarter (ending June 30) of $0.69 versus $0.97 for the same period a year ago. E.P.S. were $3.56 for the latest four quarters through June 30 versus $3.96 for the same period a year ago.
Recent Price Action
Tapestry Inc (NYSE: TPR) stock closed at $39.20 on 8/15/24 after a large increase of 3.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 273% of normal. The stock has been strong relative to the market over the last nine months and has risen 8.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TPR is expected to continue to be a major Value Builder.
Tapestry has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Tapestry has a neutral Appreciation Score of 57 but a good Power Rating of 74, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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