TPR Price Prediction Next Week
Technical Analysis: TPR's recent price action shows a bearish reversal pattern with significant put volume activity. The stock closed at $84.59 on February 21st, down 2.23% in regular trading. Technical indicators reveal:
- RSI(14) at 63.51 indicates neutral momentum but approaching overbought territory
- MACD shows weakening bullish momentum with declining histogram
- Stochastic oscillator (14,3,3) at 79.12 suggests overbought conditions
- Price trading above all major moving averages but showing signs of exhaustion
News Analysis: Recent significant developments:
- Insider selling: General Counsel sold 11,917 shares (~$1.05M) representing 23.6% of holdings
- Stuart Weitzman brand sale to Caleres for $105M
- Heavy bearish options activity with Put/Call ratio at 3.64
- Institutional sentiment mixed with 365 increasing vs 346 decreasing positions
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
- Resistance: $89.49 (R1), $92.45 (R2)
- Support: $79.94 (S1), $76.98 (S2)
- Pivot: $84.72
Expected price range: $79.94 - $84.72
Recommendation: SELL Rationale:
- Heavy insider selling and bearish options activity
- Overbought technical conditions
- Recent strategic divestment creating uncertainty
- Price showing weakness below key resistance levels
Target entry for short positions: Current market price ($84.74) Initial stop loss: $89.50 (above R1) Price target: $79.94 (S1)
TPR Similar Chart Price Prediction
The price of TPR is predicted to go up 7.17%, based on the high correlation periods with MTCH. The similarity of these two price pattern on the periods is 98.47%.
TPR
MTCH
Up: 7.17%Similarity: 98.47%
TPR Revenue Forecast
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TPR VS S&P500
Coach is one of the share leaders in the desirable category of handbags and other leather goods. Coach bags achieve better pricing than many others, allowing for gross margins above 70%.
The Capri deal will boost Tapestry's exposure to the attractive luxury market. Versace and Jimmy Choo have potential for sales growth and margin improvement if they can be successfully developed.
Coach is a popular brand among Chinese consumers and has room for growth. Bain estimates these consumers will make up about 40% of worldwide luxury good spending in 2030, up from 33% in 2019.
TPR Analyst's Forecast
Mark Altschwager
Baird
Buy
2025-02-20
Price Target
$93 → $100
Upside
+15.58%
Baird raised the firm's price target on Tapestry to $100 from $93 and keeps an Outperform rating on the shares.
Matthew Boss
JP Morgan
Buy
2025-02-12
Price Target
$88 → $104
Upside
+22.17%
Ike Boruchow
Wells Fargo
Buy
2025-02-03
Price Target
$75 → $90
Upside
+22.4%
