Tapestry Inc (NYSE: TPR)’s stock price has dropped by -0.75 in relation to previous closing price of 41.14. Nevertheless, the company has seen a loss of -5.35% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-05 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Tapestry Inc (NYSE: TPR) Right Now?
Tapestry Inc (NYSE: TPR) has a higher price-to-earnings ratio of 10.31x compared to its average ratio. TPR has 36-month beta value of 1.62. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 8 as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for TPR is 228.57M, and currently, short sellers hold a 2.89% ratio of that float. The average trading volume of TPR on April 16, 2024 was 3.80M shares.
TPR’s Market Performance
TPR’s stock has seen a -5.35% decrease for the week, with a -13.77% drop in the past month and a 12.36% gain in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are at 2.55% for Tapestry Inc. The simple moving average for the past 20 days is -9.59% for TPR’s stock, with a 9.94% simple moving average for the past 200 days.
Analysts’ Opinion of TPR
Many brokerage firms have already submitted their reports for TPR stocks, with Telsey Advisory Group repeating the rating for TPR by listing it as a “Outperform.” The predicted price for TPR in the upcoming period, according to Telsey Advisory Group is $54 based on the research report published on March 06, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see TPR reach a price target of $50. The rating they have provided for TPR stocks is “Hold” according to the report published on February 29th, 2024.
Evercore ISI gave a rating of “Outperform” to TPR, setting the target price at $50 in the report published on February 05th of the current year.
TPR Trading at -9.85% 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 -16.33% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -12.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.02% upper at present.
During the last 5 trading sessions, TPR fell by -5.35%, which changed the moving average for the period of 200-days by -4.54% in comparison to the 20-day moving average, which settled at $44.86. In addition, Tapestry Inc saw 10.92% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TPR
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.72 for the gross margin
The net margin for Tapestry Inc stands at 0.14. The total capital return value is set at 0.1. Equity return is now at value 37.33, with 8.81 for asset returns.
Based on Tapestry Inc (TPR), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 3.51. The interest coverage ratio of the stock is 16.05.
Currently, EBITDA for the company is 1.35 billion with net debt to EBITDA at 1.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.76. The receivables turnover for the company is 13.81for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.25.
Conclusion
To put it simply, Tapestry Inc (TPR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
