TPR Stock Summary and Trading Ideas (Tapestry | NYSE:TPR)

Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Tapestry trades on the NYSE stock market under the symbol TPR.

As of September 27, 2024, TPR stock price climbed to $47.94 with 2,034,069 million shares trading.

TPR has a beta of 0.94, meaning it tends to be less sensitive to market movements. TPR has a correlation of 0.15 to the broad based SPY ETF.

TPR has a market cap of $11.04 billion. This is considered a Large Cap stock.

Last quarter Tapestry reported $2 billion in Revenue and $.92 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.04.

In the last 3 years, TPR traded as high as $48.80 and as low as $25.99.

The top ETF exchange traded funds that TPR belongs to (by Net Assets): VTI, COWZ, SCHD, VOO, VB.

TPR has outperformed the market in the last year with a price return of +76.5% while the SPY ETF gained +35.8%. TPR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.1% and +12.1%, respectively, while the SPY returned +4.9% and +2.0%, respectively.

TPR support price is $46.23 and resistance is $47.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPR shares will trade within this expected range on the day.