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12/07/2023 16:10:00 EST
Tapestry Inc (TPR)
Industry: Luxury Goods
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, TPR has been trading in a range between $31.02 and $26.59 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
TPR is trading between resistance at $35.12 about 6% to the upside and support at $30.10 -9% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $42.37, about a 28% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Tapestry Inc (TPR) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.286, which is a Strong Buy. The current analyst target price is $46.13, which gives it a potential upside of 39.2 % from the recent price of 33.14. The stock is trading 39.77% (potential upside) below its 52 week high of $46.32 and 27.51 % (potential downside) above its 52 week low of $25.99 - based on the recent price.
Company Summary
Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.
News
| 8 Retail Stocks Whose Price and Fundamentals Don't Line Up The recent upswing in retail stocks was likely a function of how much pain the sector (and the market) felt in October. Source: Barrons Tue, 05 Dec 2023 16:11:00 -0500 Sentiment: Neutral |
| Despite a Record Quarter, I'm Still Not Sold on Tapestry Stock Tapestry reported record revenue and earnings in the fiscal first quarter of 2024. The luxury retailer witnessed particular strength in Asia and with its Coach brand. Source: The Motley Fool Fri, 01 Dec 2023 06:45:00 -0500 Sentiment: Positive |
| Tapestry, Inc. Announces Closing of Senior Unsecured Notes Offerings NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings. Together with Tapestry's existing $1.4 billion of delayed draw term loans, excess cash, and anticipated future cash flow, the Company has fully funded its planned $7.5 billion in deb. Source: Business Wire Mon, 27 Nov 2023 16:05:00 -0500 Sentiment: Neutral |
| Capri upgraded to buy at CFRA as it's trading below the $57 acquisition price being offered by Tapestry CFRA upgraded Capri Holdings Ltd.'s stock CPRI to buy from hold on Wednesday, and said it's looking undervalued at its current price. Source: Market Watch Wed, 22 Nov 2023 12:41:00 -0500 Sentiment: Positive |
| 3 Sustainable Fashion Stocks Set to Redefine the Industry In the realm of the clothing sphere, notorious for its environmental footprint, a transformation is underway. Global brands that are typically part of the problem are now passionately championing the cause of sustainable fashion. Source: InvestorPlace Mon, 20 Nov 2023 14:32:25 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 46.3204 52 Week Low: 25.99 Beta: 1.52 50 Day MA: 28.9196 200 Day MA: 37.2043 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.063 Qtr Revenue Growth YOY: 0.004 Forward PE: 7.8309 Trailing PE: 8.2723