Tapestry, Inc. (TPR) Hits Fresh High: Is There Still Room to Run?

Company Performance - Tapestry's shares have increased by 22.9% over the past month, reaching a new 52-week high of $88.07 [1] - Year-to-date, Tapestry has gained 34.2%, outperforming the Zacks Retail-Wholesale sector's 9.2% and the Zacks Retail - Apparel and Shoes industry's -5.7% [1] Earnings and Revenue Expectations - Tapestry has consistently exceeded earnings estimates, reporting EPS of$ 2 against a consensus estimate of $1.74 in its last earnings report [2] - For the current fiscal year, Tapestry is projected to achieve earnings of$ 4.91 per share on revenues of $6.87 billion, reflecting a 14.45% increase in EPS and a 3% increase in revenues [3] - The next fiscal year is expected to see earnings of$ 5.30 per share on $7.11 billion in revenues, indicating year-over-year changes of 7.95% and 3.42%, respectively [3] Valuation Metrics - Tapestry's current valuation metrics show a trading multiple of 17.9X current fiscal year EPS estimates, above the peer industry average of 15.3X [7] - On a trailing cash flow basis, Tapestry trades at 16.4X compared to the peer group's average of 8.2X, with a PEG ratio of 2.03 [7] Zacks Rank and Style Scores - Tapestry holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts [8] - The company has a Value Score of B, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of A [6] Industry Comparison - Nordstrom, Inc. is a notable peer with a Zacks Rank of 2 (Buy) and a Value Score of A, indicating a competitive position within the industry [9] - Nordstrom is expected to post earnings of$ 2.01 per share on revenues of $14.99 billion for the current fiscal year, having beaten consensus estimates by 43.48% last quarter [10]