Tapestry (TPR) Soars 11.0%: Is Further Upside Left in the Stock?

Company Overview - Tapestry (TPR) shares increased by 11% to close at $67.28, following a notable trading volume, despite a 15.8% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $0.88 per share, reflecting an 8.6% year-over-year increase, with revenues projected at $1.53 billion, up 2.9% from the previous year [3] Market Context - U.S. stocks experienced a significant rally after President Trump announced a 90-day pause on reciprocal tariffs for all nations except China, which may have positively influenced Tapestry's stock performance [2] - Tapestry's growth is attributed to Coach's strong performance, successful international expansion, and effective direct-to-consumer and digital strategies [2] Earnings Estimates and Trends - The consensus EPS estimate for Tapestry has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] - Trends in earnings estimate revisions are closely correlated with near-term stock price movements, suggesting that monitoring Tapestry's earnings revisions is crucial for assessing future stock performance [3][4] Industry Comparison - Tapestry belongs to the Zacks Retail - Apparel and Shoes industry, where another company, Designer Brands (DBI), saw a 16.2% increase in its stock price, closing at $3.08, despite a -24.7% return over the past month [4] - Designer Brands' consensus EPS estimate has drastically changed by -97.2% over the past month, indicating potential challenges within the industry [5]