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Is Tapestry, Inc. Stock on Target for a Bullish Breakthrough?

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Written by Timothy Sykes
Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs

Tapestry Inc.’s stock price likely benefited from a successful quarterly earnings report or a strategic acquisition, leading to strong market optimism; on Thursday, Tapestry Inc.’s stocks have been trading up by 14.61 percent.

Impactful Developments in Tapestry, Inc.

  • Goldman Sachs recently recalibrated their outlook for Tapestry, hiking the price target from $47 to $52. This move underlines a positive market sentiment and hints at underlying strength in Tapestry’s future performance.
  • Kate Spade New York, a flag under Tapestry Inc., is taking a philanthropic leap with the launch of a Global Fund for Women’s Mental Health. Backed with a $450,000 seed fund and supported by heavyweight partners like Pinterest and Saks Fifth Avenue Foundation.

Candlestick Chart

Live Update at 16:03:20 EST: On Thursday, October 24, 2024 Tapestry Inc. stock [NYSE: TPR] is trending up by 14.61%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Tapestry’s Earnings Snapshot

Tapestry, Inc.’s recent financial journey unfolds a mixed bag of numbers drawing both applause and scrutiny. With an expanding gross margin standing at 73.3%, Tapestry seems well-versed in cost efficiency, a delightful crescendo to their investors. Their ebitda shed some light on praiseworthy operational efficiency, ringing in at 20.5%.

Yet, there’s a twist. The price-to-earnings (P/E) ratio quotes at 12.28, resting comfortably within sensible valuation terrains. Contrast this with their colossal enterprise value north of $11.58 billion, indulging in remarkable debt implications, reminds the onlooker not to rest solely on laurels. The narrative shapes up with revenue streams climbing at $6.67 billion; not dazzling, but steadfast nonetheless.

Their strategy—threaded through a high current ratio of 5.1—throws a safety net around liquidity, offering a resilient stance to cushion any financial turbulence. Leveraging a healthy stock inflow, Tapestry underpins their ranks with a return on equity (ROE) of 31.54%, a testament to their stirring management effectiveness, even amid pressing competitive landscapes.

More Breaking News

A glimmer of a longer tale sapiently enfuses through their net income of $159.3 million. Winding along this fiscal path, cash dividends paid scaled in at a steady $80.5 million, providing reassurance of their commitment to returning wealth back to their investors.

Behind the Numbers: Trends and Implications

Maintaining relevance within the realms of luxury and affordable luxury fashion is neither a fleeting endeavor nor a sure-footed dance. In Tapestry’s orchestra, nuanced mechanisms blend harmoniously with their strategic endeavors supporting a poised balance of innovation and tradition. As exhibited by the recent collaboration with various partners to support women’s mental health globally, social responsibility interlaces with their corporate fabric.

The financial underscores, including the recalibration of their stock target, paints Tapestry as a figure readying mask and costume, perhaps facing an audience expectant for a performance worth applauding. The perspective from Goldman Sachs affirms this anticipation, fueled by a shifting wind in valuation metrics.

In dramatic financial theatre, risk lays behind curtain whispers; Tapestry’s dance with debt is a performance observers should not ignore. The long-term debt slogs at a pronounced $8.16 billion, demanding acute strategic navigation. Yet, their cash reserves, stacked high at $6.14 billion, cast adept buffering—a cadence of financial agility admired by investors and analysts, eyeing opportunity amid uncertainty.

Market Reactions and Predictions

Given the excerpts of Tapestry’s recent performance and the confluence of external factors, it dawns promising for enthusiasts who trace the scent of growth and opportunity. The stock’s journey paints the stage for a continued bullish engagement, tethered to price targets climbing upward. Yet, whether this is an enchanted choir rhythm or lull between louder fandangos—a narrative consequence veiled by time’s delicate folds—remains to unfold.

For those perched atop the financial fence, contemplating the plunge into Tapestry’s landscape, this could be the moment to peer keenly through the frosted glass. The weight of their commitment to cultural and social contributions mirrors a brand aligning with contemporary consumer expectations, a glowing beacon among peers.

Through the lens of a spirited investor or a curious market onlooker, Tapestry emerges as a canvas where past, present, and future wrestle their narratives—underscored as much by numbers as by societal engagement—a spectacle of the high street and Wall Street seamlessly blended into one.

With these insights distilled, the eager watches—wrapped in the theater of market drama—await the act yet to reveal itself in its full splendour. Will Tapestry, Inc. weave a tapestry of triumph anew, or might the curtains call a more nuanced melody?

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”