Tapestry Inc (NYSE: TPR) has experienced a rise in its stock price by 2.92 compared to its previous closing price of 62.28. However, the company has seen a gain of 8.79% in its stock price over the last five trading days. zacks.com reported 2024-11-25 that Deckers, Tapestry, Abercrombie & Fitch and Torrid have been highlighted in this Industry Outlook article.
Is It Worth Investing in Tapestry Inc (NYSE: TPR) Right Now?
The price-to-earnings ratio for Tapestry Inc (NYSE: TPR) is above average at 18.55x. The 36-month beta value for TPR is also noteworthy at 1.62. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TPR is 232.15M, and at present, short sellers hold a 2.68% of that float. The average trading volume of TPR on December 02, 2024 was 3.67M shares.
TPR’s Market Performance
The stock of Tapestry Inc (TPR) has seen a 8.79% increase in the past week, with a 35.09% rise in the past month, and a 54.20% gain in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.66% for TPR. The simple moving average for the past 20 days is 15.23% for TPR’s stock, with a 44.74% simple moving average for the past 200 days.
Analysts’ Opinion of TPR
Many brokerage firms have already submitted their reports for TPR stocks, with Barclays repeating the rating for TPR by listing it as a “Equal Weight.” The predicted price for TPR in the upcoming period, according to Barclays is $57 based on the research report published on November 20, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see TPR reach a price target of $67, previously predicting the price at $58. The rating they have provided for TPR stocks is “Outperform” according to the report published on November 15th, 2024.
TD Cowen gave a rating of “Hold” to TPR, setting the target price at $52 in the report published on October 29th of the current year.
TPR Trading at 28.44% 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 able to rebound, for now settling with 2.33% of gains for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +36.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.69% upper at present.
During the last 5 trading sessions, TPR rose by +8.88%, which changed the moving average for the period of 200-days by +41.11% in comparison to the 20-day moving average, which settled at $55.63. In addition, Tapestry Inc saw 74.14% 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 Kahn Todd, who sale 52,829 shares at the price of $58.00 back on Nov 22 ’24. After this action, Kahn Todd now owns 418,379 shares of Tapestry Inc, valued at $3,064,292 using the latest closing price.
Kahn Todd, the CEO and Brand President, Coach of Tapestry Inc, sale 18,492 shares at $60.61 during a trade that took place back on Nov 25 ’24, which means that Kahn Todd is holding 322,457 shares at $1,120,775 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 2.6. 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
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.
