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Tapestry Inc. (TPR) Just Got Our Attention

Tapestry Inc. (NYSE:TPR) went up by 1.17% from its latest closing price compared to the recent 1-year high of $44.09. The company’s stock price has collected 1.94% of gains in the last five trading sessions. Barron’s reported on 11/10/22 that Ralph Lauren and Tapestry Use Star Power to Bring in Luxury Customers

Is It Worth Investing in Tapestry Inc. (NYSE :TPR) Right Now?

Tapestry Inc. (NYSE:TPR) scored a price-to-earnings ratio above its average ratio, recording 14.05 x from its present earnings ratio. Plus, the 36-month beta value for TPR is at 1.40. Opinions of the stock are interesting as 13 analysts out of 23 who provided ratings for Tapestry Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $43.87, which is -$0.3 below the current price. TPR currently public float of 240.35M and currently shorts hold a 4.29% ratio of that float. Today, the average trading volume of TPR was 3.52M shares.

TPR’s Market Performance

TPR stocks went up by 1.94% for the week, with a monthly jump of 23.00% and a quarterly performance of 45.08%, while its annual performance rate touched 20.29%. The volatility ratio for the week stands at 2.24% while the volatility levels for the past 30 days are set at 2.63% for Tapestry Inc. The simple moving average for the period of the last 20 days is 9.48% for TPR stocks with a simple moving average of 30.08% for the last 200 days.

Analysts’ Opinion of TPR

Many brokerage firms have already submitted their reports for TPR stocks, with Barclays repeating the rating for TPR by listing it as a “Equal Weight.” The predicted price for TPR in the upcoming period, according to Barclays is $43 based on the research report published on January 23rd of the current year 2023.

Raymond James gave a rating of “Outperform” to TPR, setting the target price at $44 in the report published on December 20th of the previous year.

TPR Trading at 16.96% from the 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, the company was able to rebound, for now settling with 0.29% of gains for the given period.

Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +19.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.99% upper at present.

During the last 5 trading sessions, TPR rose by +1.94%, which changed the moving average for the period of 200-days by +28.32% in comparison to the 20-day moving average, which settled at $40.75. In addition, Tapestry Inc. saw 16.12% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TPR starting from Dadlani Manesh, who sale 1,582 shares at the price of $38.53 back on Dec 02. After this action, Dadlani Manesh now owns 39,375 shares of Tapestry Inc., valued at $60,954 using the latest closing price.

Dadlani Manesh, the VP, Controller and PAO of Tapestry Inc., sale 2,005 shares at $36.81 during a trade that took place back on Sep 12, which means that Dadlani Manesh is holding 33,681 shares at $73,804 based on the most recent closing price.

Stock Fundamentals for TPR

Current profitability levels for the company are sitting at:

  • +18.23 for the present operating margin
  • +69.57 for the gross margin

The net margin for Tapestry Inc. stands at +12.81. Equity return is now at value 33.00, with 11.10 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.

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