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Tapestry (TPR) Looks Good: Stock Adds 8.5% in Session

Zacks Equity Research

Tapestry, Inc. TPR was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $30.70 –$33.41 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported solid fiscal third-quarter 2019 results and announced a $1 billion share buyback program.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Tapestry currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Tapestry, Inc. Price

Tapestry, Inc. Price

Tapestry, Inc. price | Tapestry, Inc. Quote

Investors interested in the Retail - Apparel and Shoes industry may consider The Buckle, Inc. BKE, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is TPR going up? Or down? Predict to see what others think:Up or Down

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