Does Tapestry (TPR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Tapestry (TPR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this TPR commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Tapestry owns accessible luxury brands Coach, Kate Spade and Stuart Weitzman. Coach has received a facelift and this has been reflected in the recent success. The company has kept prices high at Coach and demand hasn't been affected. Kate Spade and Stuart Weitzman have overshadowed Coach's performance, but if the economy recovers, and they catch up, then margins should improve.
Tapestry (TPR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Deckers, Tapestry, Abercrombie & Fitch and Torrid have been highlighted in this Industry Outlook article.
On Thursday, Tapestry, Inc. TPR announced the termination of its merger agreement with Capri Holdings Limited CPRI, citing uncertainty in the legal process.
Tapestry announced it is canceling the acquisition of Capri Holdings, after the two companies lost their fight against the FTC's opposition to the merger.
TPR pulls out of the merger with Capri, redirecting efforts toward expanding its business and enhancing shareholder value.
Joanne Crevoiserat, Tapestry CEO, joins 'Squawk on the Street' to discuss the company's abandoned merger with Capri, if it's secretly a blessing in disguise, and much more.
Major U.S. equities indexes slipped on Thursday as the latest Producer Price Index report revealed that wholesale prices increased in October at their steepest rate in three months and Fed Chair Jerome Powell said there wasn't a "hurry" to cut interest rates.
Tapestry Inc (NYSE:TPR) stock was last seen up 12.8% to trade at $57.81, leading the S&P 500 Index (SPX) today.