Analysts Back Tapestry Stock Despite Recent Pressure

TPR has increased over 90% since dropping to a 12-month low

facebook X logo linkedin

Tapestry, Inc. (NYSE:TPR) is an American luxury fashion holding company based in New York City. TPR’s portfolio of brands includes major names like Coach New York, Kate Spade New York, and Stuart Weitzman. This afternoon, TPR was last seen trading down 0.9% at $39.26. Tapestry is due to release its fiscal first-quarter earnings on Nov. 11. Wall Street analysts expect that the luxury brand will report earnings of $0.70 per share.

Tapestry stock has increased about 84% in year-over-year and has added 91% since dropping to a 52-week low of $20.73 around this time last year. Additionally, shares of TPR have grown 26% year-to-date, but Tapestry stock is currently down 20% from its two-year high of $49.67, tapped in early May. Overhead pressure has emerged in the past few months at the 80-day moving average, capping most breakout attempts by the shares.


TPR also offer a solid dividend yield of 2.59%, which is based off its forward dividend of $1.00. Furthermore, Tapestry stock sports a great valuation, with a price-earnings ratio of 13.44 and a forward price-earnings ratio of 11.40. Overall, Tapestry stock continues to present itself as an attractive value play to investors, despite TPR already being up significantly over the past year, and even more so after its sell-off over the last six months.

Analysts are heavily bullish on the security, too. Heading into today's trading, 10 of the 12 covering brokerages sport a "buy" or "strong buy" recommendation. Short interest has also been climbing, up nearly 50% during the past two reporting periods alone. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI