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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Tapestry (TPR - Free Report) is a stock many investors are watching right now. TPR is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 11.15, while its industry has an average P/E of 16.07. Over the last 12 months, TPR's Forward P/E has been as high as 11.39 and as low as 6.62, with a median of 9.24.
We should also highlight that TPR has a P/B ratio of 4. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. TPR's current P/B looks attractive when compared to its industry's average P/B of 4.47. Over the past year, TPR's P/B has been as high as 4.19 and as low as 2.67, with a median of 3.42.
Finally, investors should note that TPR has a P/CF ratio of 11.53. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. TPR's P/CF compares to its industry's average P/CF of 12.96. TPR's P/CF has been as high as 11.76 and as low as 5.85, with a median of 9.21, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Tapestry is likely undervalued currently. And when considering the strength of its earnings outlook, TPR sticks out at as one of the market's strongest value stocks.
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Should Value Investors Buy Tapestry (TPR) Stock?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Tapestry (TPR - Free Report) is a stock many investors are watching right now. TPR is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 11.15, while its industry has an average P/E of 16.07. Over the last 12 months, TPR's Forward P/E has been as high as 11.39 and as low as 6.62, with a median of 9.24.
We should also highlight that TPR has a P/B ratio of 4. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. TPR's current P/B looks attractive when compared to its industry's average P/B of 4.47. Over the past year, TPR's P/B has been as high as 4.19 and as low as 2.67, with a median of 3.42.
Finally, investors should note that TPR has a P/CF ratio of 11.53. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. TPR's P/CF compares to its industry's average P/CF of 12.96. TPR's P/CF has been as high as 11.76 and as low as 5.85, with a median of 9.21, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Tapestry is likely undervalued currently. And when considering the strength of its earnings outlook, TPR sticks out at as one of the market's strongest value stocks.