In the past week, TPR stock has gone up by 9.76%, with a monthly gain of 25.25% and a quarterly surge of 40.04%. The volatility ratio for the week is 3.11%, and the volatility levels for the last 30 days are 2.89% for Tapestry Inc The simple moving average for the past 20 days is 12.90% for TPR’s stock, with a 29.93% simple moving average for the past 200 days.
Is It Worth Investing in Tapestry Inc (NYSE: TPR) Right Now?
Tapestry Inc (NYSE: TPR) has a higher price-to-earnings ratio of 16.36x compared to its average ratio. TPR has 36-month beta value of 1.57. 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.”
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The public float for TPR is 232.23M, and currently, short sellers hold a 2.18% ratio of that float. The average trading volume of TPR on November 19, 2024 was 3.31M shares.
TPR) stock’s latest price update
Tapestry Inc (NYSE: TPR)’s stock price has decreased by -1.19 compared to its previous closing price of 57.23. However, the company has seen a 9.76% increase in its stock price over the last five trading sessions. benzinga.com reported 2024-11-15 that On Thursday, Tapestry, Inc. TPR announced the termination of its merger agreement with Capri Holdings Limited CPRI, citing uncertainty in the legal process.
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 $67 based on the research report published on November 15, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see TPR reach a price target of $52. The rating they have provided for TPR stocks is “Hold” according to the report published on October 29th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to TPR, setting the target price at $54 in the report published on March 06th of the current year.
TPR Trading at 20.70% 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 -3.32% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +27.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.96% upper at present.
During the last 5 trading sessions, TPR rose by +9.76%, which changed the moving average for the period of 200-days by +41.34% in comparison to the 20-day moving average, which settled at $50.09. In addition, Tapestry Inc saw 53.63% 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 8,872 shares at the price of $57.96 back on Nov 15 ’24. After this action, Dadlani Manesh now owns 35,003 shares of Tapestry Inc, valued at $514,219 using the latest closing price.
Fraser Elizabeth, the Officer of Tapestry Inc, proposed sale 25,985 shares at $48.89 during a trade that took place back on Oct 30 ’24, which means that Fraser Elizabeth is holding shares at $1,270,508 based on the most recent closing price.
Stock Fundamentals for TPR
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.72 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 29.92, with 7.74 for asset returns.
Based on Tapestry Inc (TPR), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 2.45. The interest coverage ratio of the stock is 8.02.
Currently, EBITDA for the company is 1.37 billion with net debt to EBITDA at 1.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 23.89for 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 4.93.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
