For its first fiscal quarter (ending September 30), Tapestry Inc (NYSE: TPR) has reported a -5% decline in E.P.S. from $0.85 a year ago to $0.81 in the current quarter. For the latest four quarters through September 30, E.P.S. were $3.52 compared to $4.00 a year ago — a decline of -12%.
Recent Price Action
Tapestry Inc (NYSE: TPR) stock enjoyed a large increase of 3.6% on 11/7/24. The stock closed at $51.55. Moreover, exceptionally high trading volume at 214% of normal accompanied the advance. The stock has risen 6.5% during the last week and has performed in line with the market over the last nine months.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Tapestry has a slightly positive Appreciation Score of 70 but a slightly negative Power Rating of 38, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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