Stock Rating Upgrade
In the last week the Value Trend Rating for Tapestry Inc (NYSE: TPR) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Tapestry Inc (NYSE: TPR) stock declined slightly by -0.3% on 3/18/24. The stock closed at $46.69. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -0.8% during the last week.
Current PriceTarget Research Rating
TPR's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Tapestry has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Tapestry has a neutral Appreciation Score of 48 but a good Power Rating of 82, triggering the Positive Value Trend Rating.