More Room For Gains in Tapestry’s Stock?

+18.74%
Upside
30.52
Market
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Trefis
TPR: Tapestry logo
TPR
Tapestry

Tapestry (NYSE: TPR), a luxury goods retailer of handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands, has increased by almost 6% over the last five trading days (one week) and currently stands at around $45. In comparison, the broader S&P500 index increased only marginally over the same period. The retailer’s stock jumped on beating both top and bottom lines in the recent fiscal first quarter. The company’s revenue grew 26% year-over-year (y-o-y) in Q1 and was also up 9% compared to pre-pandemic 2019 levels. Its gross margin increased by approximately 140 basis points (bps) y-o-y and 450 bps from 2019 driven by higher average unit retail price at each brand. It is worth mentioning that revenue trends accelerated compared to pre-pandemic levels driven by North America revenues, as well as continued growth in Digital and China – two key drivers of a long-term opportunity.

After just a single quarter in this fiscal year, Tapetsry raised its guidance – it increased its sales target from $6.4 billion to $6.6 billion, which would be a record number for the company. On the bottom line, the company increased its projected range for earnings per share from $3.30 to $3.35 up to a range of $3.45 to $3.50.

Now, is TPR stock poised to grow further? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 76% chance of a rise in TPR stock over the next month (twenty-one trading days). See our analysis on TPR Stock Chance Of Rise for more details. And if you are considering TPR’s stock as an investment option over a longer time frame, you can also explore Tapestry Revenues against its peers and history.

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  3. Forecast Of The Day: Tapestry’s Kate Spade Revenues
  4. Tapestry Stock To Trade Higher Post Fiscal Q2 Results?
  5. Forecast Of The Day: Tapestry’s Coach Revenues
  6. What To Expect From Tapestry’s Stock Post Fiscal Q1 Results?

[1] Returns of 6.1% or higher during five-day period in 214 times out of 2516; Stock rose in the next five days in 104 of these 214 instances

[2] Returns of 8.1% or higher during ten-day period in 254 times out of 2516; Stock rose in the next ten days in 137 of these 254 instances

[3] Returns of 18% or higher during twenty-one-day period in 88 times out of 2516; Stock rose in the next twenty-one days in 67 of these 88 instances

There are several stocks that look like a Better Bet Than TPR stock. It is also helpful to see how Tapestry peers stack up. TPR Stock Comparison With Peers shows how it compares against other peers on metrics that matter.

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

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