The price-to-earnings ratio for Tapestry Inc (NYSE: TPR) is above average at 12.59x. The 36-month beta value for TPR is also noteworthy at 1.55. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 8 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”
The public float for TPR is 229.09M, and at present, short sellers hold a 1.57% of that float. The average trading volume of TPR on September 24, 2024 was 2.74M shares.
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TPR) stock’s latest price update
The stock of Tapestry Inc (NYSE: TPR) has increased by 3.64 when compared to last closing price of 42.57. Despite this, the company has experienced a 1.99% gain in its stock price over the last five trading sessions. cnbc.com reported 2024-09-16 that Fashion designer Michael Kors testified Monday about competition in the handbag industry. The Federal Trade Commission is seeking to block Tapestry’s $8.5 billion acquisition of Capri, which would put six brands including Michael Kors and Coach under a single company.
TPR’s Market Performance
TPR’s stock has risen by 1.99% in the past week, with a monthly rise of 9.83% and a quarterly rise of 3.25%. The volatility ratio for the week is 2.52% while the volatility levels for the last 30 days are 2.59% for Tapestry Inc The simple moving average for the past 20 days is 5.89% for TPR’s stock, with a 6.93% 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 8.62% 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 -9.59% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.50% upper at present.
During the last 5 trading sessions, TPR rose by +1.99%, which changed the moving average for the period of 200-days by +36.09% in comparison to the 20-day moving average, which settled at $41.79. In addition, Tapestry Inc saw 19.86% 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 2,500 shares at the price of $42.23 back on May 24 ’24. After this action, Dadlani Manesh now owns 37,173 shares of Tapestry Inc, valued at $105,575 using the latest closing price.
Stock Fundamentals for TPR
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.71 for the gross margin
The net margin for Tapestry Inc stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 31.54, with 7.96 for asset returns.
Based on Tapestry Inc (TPR), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 2.6. The interest coverage ratio of the stock is 9.14.
Currently, EBITDA for the company is 1.55 billion with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 14.37for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.14.
Conclusion
In summary, Tapestry Inc (TPR) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
