Stock on Demand This Week: Tapestry Inc. (TPR)

Tapestry Inc. (NYSE:TPR) saw an upside of 2.54% to close Tuesday at $38.38 after adding $0.95 on the day. The 5-day average trading volume is 3,095,320 shares of the company’s common stock. It has gained $39.08 in the past week. An average of 3,163,210 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,356,972.

TPR’s 1-month performance is -4.79% or -$2.09 on its low of $36.54 reached on 09/30/21. The company’s shares have touched a 52-week low of $18.63 and high of $49.67, with the stock’s rally to the 52-week high happening on 05/07/21. YTD, TPR has achieved 23.49% or $7.30. However, the current price is down -22.72%% from the 52-week high price.


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Insider Transactions

On Aug 26, 48 days have gone by since the last insider trading activity for Tapestry Inc. (TPR). Howard David E (General Counsel & Secretary) most recently sold 17,061 shares at $42.27 per share on Aug 26. This transaction cost the insider $721,168. VP, Controller and PAO, Dadlani Manesh, sold 1,211 shares at a price of $42.36 on Aug 23. Then, on May 17, Global Human Resources Officer Dunn Sarah sold 14,759 shares at a price of $47.00 per share. This transaction amounted to $693,673.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 47.54 and a low of 5.136. TPR stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.90 while the price-to-book (PB) in the most recent quarter is 3.29, with the price to cash flow ratio at 9.04.

Tapestry Inc. pays an annual dividend of $1.00 per share. Its dividend yield is 2.61% and the payout ratio is 0.00%. TPR’s most recent quarterly dividend payment was made on Sep. 27, when it paid $0.25 a share compared with prior rate of $0.3375, down -35.0% from last year’s. The company latest dividend decrease of $0.0875 reported on Friday August 20 2021. Measured over the last 3 years, the Dividend has been growing by -75.00% yearly.

Tapestry Inc.’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 2.40 meaning that TPR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.49, while the total debt to equity was 0.49. In terms of profitability, the gross margin trailing 12 months is 71.20%. The trailing 12-month EBITDA margin is 22.87% while for the period ending June 29; Tapestry Inc.’s operating margin was 16.80%. The firm’s gross profit as reported stood at $4.08 billion against revenue of $5.75 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 55.75% to $1.62 billion, while revenue of $1.27 billion was 21.18% off the previous quarter. Analysts expected TPR to announce $0.69 per share in earnings in its latest quarter, but it posted $0.74, representing a 7.20% surprise. EBITDA for the quarter stood at more than $311.2 million. TPR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.12 billion, with total debt at $3.44 billion. Shareholders hold equity totaling $279.57 million

Technical Picture

Let’s look briefly at Tapestry Inc. (TPR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 48.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.26%.

The stock’s 5-day moving average is $37.80, reflecting a -0.16% or -$0.06 change from its current price. TPR is currently trading -4.17% above its 20-day SMA, -11.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.33% and +24.41% respectively.

Stochastic %K and %D was 26.56% and 25.84% and the average true range (ATR) pointed at 1.36. The RSI (14) points at 46.16%, while the 14-day stochastic is at 41.30% with the period’s ATR at 1.37. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.75 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Tapestry Inc. (NYSE: TPR), Goldman launched coverage with a Neutral rating. Analysts offering their rating for TPR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TPR as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 12 have offered a “buy” rating.

What is TPR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $40.00 and a high of $67.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Tapestry Inc. (TPR) stock is $53.81.

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