Tapestry Inc (NYSE: TPR) has a higher price-to-earnings ratio of 10.35x 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 2.69% ratio of that float. The average trading volume of TPR on April 30, 2024 was 3.96M shares.
TPR) stock’s latest price update
Tapestry Inc (NYSE: TPR)’s stock price has increased by 2.32 compared to its previous closing price of 40.05. However, the company has seen a 1.66% increase in its stock price over the last five trading sessions. Forbes reported 2024-04-25 that Two legal battles are rocking Tapestry, Inc, owner of the Coach, Kate Spade and Stuart Weitzman brands. One is a more or less routine trademark dispute against Gap Gap and its Old Navy brand.
TPR’s Market Performance
Tapestry Inc (TPR) has experienced a 1.66% rise in stock performance for the past week, with a -13.69% drop in the past month, and a 3.35% rise in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 2.71% for TPR. The simple moving average for the last 20 days is -2.21% for TPR stock, with a simple moving average of 10.78% for the last 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 -8.93% 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 -16.02% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -14.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.85% lower at present.
During the last 5 trading sessions, TPR rose by +1.66%, which changed the moving average for the period of 200-days by -7.83% in comparison to the 20-day moving average, which settled at $41.55. In addition, Tapestry Inc saw 11.33% 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 1.77. 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 better 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.
