Tapestry, Inc. (TPR) Hit a 52 Week High, Can the Run Continue?

Company Performance - Tapestry's shares have increased by 5.3% over the past month, reaching a new 52-week high of $51.59, and have gained 37.2% since the start of the year, outperforming the Zacks Retail-Wholesale sector (20.4%) and the Zacks Retail - Apparel and Shoes industry (8.1%) [1] - The company has consistently exceeded earnings expectations, reporting an EPS of $0.92 against a consensus estimate of $0.88 in its last earnings report on August 15, 2024 [2] Earnings Forecast - For the current fiscal year, Tapestry is projected to achieve earnings of $4.47 per share on revenues of $6.71 billion, reflecting a 4.2% increase in EPS and a 0.53% increase in revenues [3] - In the next fiscal year, earnings are expected to rise to $4.64 per share on revenues of $6.9 billion, indicating a year-over-year change of 3.8% in EPS and 2.95% in revenues [3] Valuation Metrics - Tapestry has a Value Score of A, with Growth and Momentum Scores of C and F, respectively, resulting in a combined VGM Score of A [6] - The stock trades at 11.3X current fiscal year EPS estimates, below the peer industry average of 15.8X, and at 9.4X trailing cash flow compared to the peer group's average of 7.6X [7] - The PEG ratio stands at 1.88, indicating that the company is not among the top echelon from a value perspective [7] Zacks Rank - Tapestry holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, meeting the criteria for investors looking for stocks with strong potential [8] Industry Comparison - The Retail - Apparel and Shoes industry is performing well, ranking in the top 24% of all industries, suggesting favorable conditions for Tapestry and its peers [11]