Tapestry Inc. (NYSE: TPR)’s stock price has gone decline by -0.13 in comparison to its previous close of 31.03, however, the company has experienced a -2.82% decrease in its stock price over the last five trading days. Forbes reported 2023-08-23 that While Tapestry’s acquisition of Capri Holdings makes sense on paper, numerous unquantifiable human factors will ultimately make or break its long-term success.
Is It Worth Investing in Tapestry Inc. (NYSE: TPR) Right Now?
Tapestry Inc. (NYSE: TPR) has a price-to-earnings ratio of 7.99x that is above its average ratio. Additionally, the 36-month beta value for TPR is 1.51. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for TPR is $46.21, which is $16.7 above the current price. The public float for TPR is 226.90M and currently, short sellers hold a 2.86% ratio of that float. The average trading volume of TPR on September 18, 2023 was 3.60M shares.
TPR’s Market Performance
TPR stock saw a decrease of -2.82% in the past week, with a monthly decline of -9.73% and a quarterly a decrease of -28.66%. The volatility ratio for the week is 2.06%, and the volatility levels for the last 30 days are 2.10% for Tapestry Inc. (TPR). The simple moving average for the past 20 days is -5.62% for TPR’s stock, with a -23.69% simple moving average for the past 200 days.
Analysts’ Opinion of TPR
Many brokerage firms have already submitted their reports for TPR stocks, with Redburn Atlantic repeating the rating for TPR by listing it as a “Neutral.” The predicted price for TPR in the upcoming period, according to Redburn Atlantic is $33 based on the research report published on September 13, 2023 of the current year 2023.
TPR Trading at -18.40% 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 unable to rebound, for now settling with -34.73% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -10.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.86% lower at present.
During the last 5 trading sessions, TPR fell by -2.82%, which changed the moving average for the period of 200-days by -15.05% in comparison to the 20-day moving average, which settled at $32.65. In addition, Tapestry Inc. saw -18.62% in overturn over a single year, with a tendency to cut further losses.
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.
Stock Fundamentals for TPR
Current profitability levels for the company are sitting at:
- +17.70 for the present operating margin
- +70.88 for the gross margin
The net margin for Tapestry Inc. stands at +14.05. Equity return is now at value 41.10, with 13.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In conclusion, Tapestry Inc. (TPR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
