Should You Buy Tapestry Inc (TPR) Stock After it Has Risen 8.16% in a Week?

Tapestry Inc (TPR) stock is up 8.16% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Tapestry Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TPR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TPR Stock Today?

Tapestry Inc (TPR) stock has risen 2.35% while the S&P 500 is lower by -0.41% as of 1:25 PM on Tuesday, Nov 29. TPR is higher by $0.86 from the previous closing price of $36.52 on volume of 1,902,656 shares. Over the past year the S&P 500 is down -15.20% while TPR is lower by -10.45%. TPR earned $3.15 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.88. To see InvestorsObserver's Sentiment Score for Tapestry Inc click here.

More About Tapestry Inc

Coach, Kate Spade, and Stuart Weitzman are the fashion and accessory brands that comprise Tapestry. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (67% of fiscal 2022 sales), Europe, Asia (28% of fiscal 2022 sales), and elsewhere. Coach (74% of fiscal 2022 sales) is best known for affordable luxury leather products. Kate Spade (22% of fiscal 2022 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2022. Stuart Weitzman, Tapestry's smallest brand, generates nearly all its revenue from women's footwear. Click Here to get the full Stock Report for Tapestry Inc stock.