Overall market sentiment has been high on Tapestry Inc (TPR) stock lately. TPR receives a Bullish rating from InvestorsObserver Stock 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!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TPR Stock Today?
Tapestry Inc (TPR) stock has fallen -2.09% while the S&P 500 is higher by 0.22% as of 2:25 PM on Monday, Nov 14. TPR has fallen -$0.74 from the previous closing price of $35.36 on volume of 2,439,629 shares. Over the past year the S&P 500 is down -14.54% while TPR has fallen -22.90%. TPR earned $3.15 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.
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.
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