Coach parent Tapestry shares sink after downgrade on concerns about pressure from resale market [MarketWatch]
Tapestry, Inc. (TPR)
Last tapestry, inc. earnings: 4/30 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
tapestry.com/investors
Company Research
Source: MarketWatch
Coach parent Tapestry shares sink after downgrade on concerns about pressure from resale market Tapestry Inc. TPR, -3.37% shares sank 5.7% in Monday trading after it was downgraded to neutral from buy at UBS on concerns that the resale market will exert pressure on the company's brands, particularly Coach and Kate Spade. UBS maintained its $25 price target. "Consumers increasingly have the option to purchase a new Coach bag for $400 or a used European luxury brand item for the same price," analysts led by Jay Sole wrote. "We think many shoppers are opting for the latter choice." Analysts say Coach is lowering its prices, with average selling price (ASP) for the brand's handbags falling 5% in September. "Given 'resale' may already account for $24 billion in revenue and is expected to double in just five years, we think the falling ASP trend could continue for many quarters," the note said. Add to that, UBS thinks the turnaround at the Kate Spade brand will take years. Analysts don't
Show less
Read more
Impact Snapshot
Event Time:
TPR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TPR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TPR alerts
High impacting Tapestry, Inc. news events
Weekly update
A roundup of the hottest topics
TPR
News
- Tapestry, Inc. (NYSE: TPR) had its price target lowered by analysts at JPMorgan Chase & Co. from $56.00 to $54.00. They now have an "overweight" rating on the stock.MarketBeat
- Tapestry, Inc. (NYSE:TPR) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Tapestry (TPR) Q3 Earnings Beat Estimates, Sales Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- Tapestry, Inc. (NYSE: TPR) had its price target lowered by analysts at Robert W. Baird from $52.00 to $50.00. They now have an "outperform" rating on the stock.MarketBeat
- Tapestry (TPR) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
TPR
Earnings
- 5/9/24 - Beat
TPR
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/22/24 - Form 8-K
- TPR's page on the SEC website