Movement Alert｜Tapestry Inc. Intraday Rise 5.52% in Regular Trading, rebound follows recent target-price cuts ahead of earnings

Market Focus10-30 00:14

On October 30, Tapestry Inc. rose 5.52% in Regular Trading, trading at $117.33 per share, with turnover of $82.86 million.

The most relevant recent catalyst in public information is a series of analyst target-price reductions ahead of the company’s next earnings report, alongside commentary that upcoming fiscal Q1 results are unlikely to materially shift sentiment.

Most recently, Baird lowered its target price on Tapestry Inc. to $150 from $165, while UBS earlier reduced its target to $200 from $232 but kept a Buy rating. UBS also said the market already appeared to expect a modest earnings beat and some slowing in Coach sales trends, especially in the US and Greater China. Tapestry Inc. is scheduled to report next results on November 5, with consensus expecting EPS of $1.56.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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