Tapestry Rises 0.56% as Cowen Boosts Target to 130 Amid 270th-Ranked Liquidity

On August 8, 2025, Tapestry (TPR) closed with a 0.56% gain, while its daily trading volume fell to $350 million—a 45.62% decline from the previous day—ranking 270th in market liquidity. The stock’s performance coincided with a revised price target from TD Cowen, which elevated its outlook to $130 from $100, signaling renewed institutional confidence in the luxury brand’s valuation potential.

The adjustment in price target highlights shifting sentiment toward Tapestry’s market position, despite its muted volume activity. Analysts noted the move reflects expectations of improved demand for its Coach and Michael Kors brands amid broader retail sector stabilization. However, the sharp drop in trading volume suggests reduced short-term speculative interest, potentially limiting near-term price volatility.

A historical strategy of holding the top 500 volume-driven stocks for one day yielded a 166.71% return since 2022, vastly outperforming the benchmark’s 29.18% gain. This underscores the short-term advantages of liquidity concentration, particularly during periods of market turbulence. While such an approach leverages momentum and trading activity, it remains unsuitable for long-term portfolios due to its reliance on transient market dynamics.