Strength Seen in Tapestry (TPR): Can Its 13.5% Jump Turn into More Strength?

Company Overview - Tapestry shares increased by 13.5% to close at $50.49, following a trading session with notable volume, contrasting with a 5.4% loss over the past four weeks [1] - The company is focused on strengthening its brand, enhancing customer engagement, and expanding market presence, demonstrating adaptability and resilience in international markets [2] Financial Performance - Tapestry is expected to report quarterly earnings of $0.95 per share, reflecting a year-over-year increase of 2.2%, while revenues are projected to be $1.47 billion, a decrease of 2.6% from the previous year [3] - The consensus EPS estimate for Tapestry has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Tapestry operates within the Zacks Retail - Apparel and Shoes industry, where it holds a Zacks Rank of 2 (Buy) [4] - Allbirds, Inc., a competitor in the same industry, has a Zacks Rank of 3 (Hold) and has seen a 0.4% increase in its stock price, but has returned -10.6% over the past month [4][5]