For its first fiscal quarter (ending September 30), Tapestry Inc (NYSE: TPR) has reported a 5% increase in E.P.S. from $0.81 a year ago to $0.85 in the current quarter. Relative to the consensus estimate of $0.90, this was a shortfall of $-0.05. For the latest four quarters through September 30, E.P.S. were $4.00 compared to $3.21 a year ago — an increase of 25%.
Recent Price Action
Tapestry Inc (NYSE: TPR) stock enjoyed a large increase of 3.0% on 11/9/23. The stock closed at $28.28. The stock has risen 6.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TPR is expected to continue to be a major Value Builder.
Tapestry has a current Value Trend Rating of C (Low 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 69 but a poor Power Rating of 27, producing the Low 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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