Tapestry, Inc. (TPR) Chart Is Flashing Mixed Signals


Tapestry, Inc. (NYSE:TPR) went up by 0.14% from its latest closing price when compared to the 1-year high value of $30.40 and move down -106.1%, while TPR stocks collected -1.27% of loss with the last five trading sessions. MarketWatch.com reported on 08/29/20 that These ‘Dividend Aristocrat’ stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic

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Tapestry, Inc. (NYSE:TPR) Worth an Investment?

Tapestry, Inc. (NYSE: TPR) The 36 Months beta value for TPR stocks is at 1.42, while 9 of the analysts out of 28 who provided ratings for Tapestry, Inc. stocks as a “buy” while 3 as overweight, 16 rated it as hold and 0 as sell. The average price we get from analysts is $19.74 which is $4.99 above current price. TPR currently has a short float of 5.00% and public float of 274.93M with average trading volume of 5.77M shares.

TPR Market Performance

TPR stocks went down by -1.27% for the week, with the monthly jump of 10.57% and a quarterly performance of -5.99%, while its annual performance rate touched -27.84%. The simple moving average for the period of the last 20 days is -1.09% for TPR stocks with the simple moving average of -22.19% for the last 200 days.

Analysts’ Opinion on Tapestry, Inc. (NYSE:TPR)

Many brokerage firms have already submitted their reports for TPR stocks, with Evercore ISI repeating the rating for TPR shares by setting it to “Outperform”. The predicted price for TPR socks in the upcoming period according to Evercore ISI is $16 based on the research report published on August 14, 2020.

Goldman, on the other hand, stated in their research note that they expect to see TPR stock at the price of $18, previously predicting the value of $16. The rating they have provided for TPR stocks is “Buy” according to the report published on July 27, 2020.

HSBC Securities gave “ Buy” rating to TPR stocks, setting the target price at $20 in the report published on May 7, 2020.

TPR Stocks 5.89% Far from 50 Day Moving Average

After a stumble in the market that brought TPR to its low price for the period of the last 52 weeks, Tapestry, Inc. was unable to take a rebound, for now settling with -51.48% of loss for the given period.

The stock volatility was left at 4.15%, however, within the period of a single month, the volatility rate increased by 2.82%, while the shares surge at the distance of +11.07% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +7.59% upper at the present time.

In the course of the last 5 trading sessions, TPR went down by -1.27%, which changed the moving average for the period of 200 days to the total of -43.46% of losses for the stock in comparison to the 20-day moving average settled at $14.99. In addition, Tapestry, Inc. saw -45.31% in overturn over the period of a single year with a tendency to cut further losses.

TPR Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Tapestry, Inc. (TPR), starting from BILBREY JOHN P, who bought 12,980 shares at the price of $15.27 back on Aug 19. After this action, Rushing now owns 33,756 shares of Tapestry, Inc., valued at $198,205 with the latest closing price.

BILBREY JOHN P, the Director of Tapestry, Inc., bought 7,100 shares at the value of $14.12 during a trade that took place back on Jun 11, which means that BILBREY JOHN P is holding 20,776 shares at the value of $100,252 based on the most recent closing price.

TPR Stock Fundamentals

The current profitability levels are settled at +5.94 for the present operating margin and +65.57 for gross margin. The net margin for Tapestry, Inc. stands at -13.14. Equity return holds the value -23.20%, with -7.90% for asset returns.

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