Tapestry: Heading Lower

About: Tapestry, Inc. (TPR)
by: ChartMasterPro
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Momentum, long/short equity, short-term horizon

The Momentum Growth Quotient for the company is 3.01, which is 48.6% lower than the average for the S&P 100.

Shares present a forward rate of return of -9.01% at current price.

Recent acquisitions are having a negative impact on the company's profit margins.

ChartMasterPro downward price target of $39.00.

Shares of Tapestry Inc. (NYSE:TPR) are up 8.20% since bottoming on May 31, 2018, and in my opinion, now is a good time to lock in any gains you may have and sell