Target Hospitality, Tapestry and Movado fall as April CPI fuels consumer-spending concerns

Shares of Target Hospitality (TH), Tapestry (TPR) and Movado (MOV) fell on May 15, 2026, after April CPI showed inflation accelerating to a 3.8% annual rate, raising concerns that higher household costs could pressure discretionary spending. The Bureau of Labor Statistics reported a 0.6% monthly increase in consumer prices, led by a 3.8% rise in energy costs and a 5.4% jump in gasoline prices. Food and shelter costs also increased, adding pressure on consumer budgets and weighing on retail and consumer-goods sentiment. Target Hospitality remained up 114% year to date at $17.31, near its 52-week high of $18.08. The stock had gained 16.4% on May 15 after the company announced a multiyear contract expected to generate more than $750 million in revenue, offsetting first-quarter 2026 results that missed estimates with revenue of $72.78 million and a loss of $0.13 per share.