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Tapestry (TPR) Surges: Stock Moves 6.7% Higher
Tapestry, Inc. (TPR - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 17.7% in the past one-month time frame.
The company has seen seven 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 #4 (Sell) while its Earnings ESP is 0.00%.
Tapestry, Inc. Price
Tapestry, Inc. price | Tapestry, Inc. Quote
Investors interested in the Retail - Apparel and Shoes industry may consider a better-ranked stock like Boot Barn Holdings, Inc. (BOOT - Free Report) , which carries 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
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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