The stock of Tapestry Inc. (NYSE:TPR) increased by $1.02 on Monday to finish at $39.64, up 2.64 percent. The last five days have seen an average of 2,173,280 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $8.56. The average number of shares traded over the last 20 days was 2,783,015, while the average volume over the last 50 days totaled 3,334,220.
TPR stock appreciated 0.46% since last month. On 09/30/21, the company’s shares reached a one-month low of $36.54. The stock touched a high of $49.67 on 05/07/21, after rallying from a low of $20.64 in 52 weeks. The price of TPR stock has risen by 27.54% or $8.56 this year, reaching a new high 25 times. Still, the stock price is down -20.19% from the 52-week high.
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There have been 61 days since Tapestry Inc. (TPR) last reported insider trading activity on Aug 26. On Aug 26, General Counsel & Secretary Howard David E sold 17,061 shares at $42.27 each. This transaction resulted in the insider making $721,168. On Aug 23, Dadlani Manesh sold 1,211 shares at a price of US$42.36. After the transaction, the insider now owns 25,405 shares. Global Human Resources Officer Dunn Sarah had earlier sold 14,759 shares on May 17 for $47.00 a share. The transaction was completed for $693,673.
Tapestry Inc. (TPR) has a trailing price-to-earnings (P/E) ratio of 15.16. This level actually compares unfavorably with the industry at large, as the PE for the Luxury Goods industry stands at about 14.76. Further, its PE also compares favorably with the Consumer Cyclical sector’s trailing 12 months PE ratio, which comes in at 32.59 right now. The PE ratio of Tapestry Inc. has varied between 47.54 and 5.136 in the last five years. Beta for the stock is 1.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 3.39, and the price-to-cash flow ratio of 9.17.
Tapestry Inc.’s dividend is $1.00 per share per year. On Sep. 27, the company paid $0.25 per share in dividends, a decrease of -25.93% from $0.3375 last year. A $0.0875 dividend decrease was reported on Friday August 20 2021. Over the last three years, dividends have increased by -75.00%.
For the three months ended June 29, Tapestry Inc.’s quick ratio was 1.90, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.49, and the total debt to equity ratio is 0.49. As far as profitability goes, gross margin for the trailing twelve months is 71.20% percent. Tapestry Inc.’s EBITDA margin for the year ended June 29 was 22.87%, whereas its operating margin stood at 16.80% for the same period. Based on annual data, it had gross profit of $4.08 billion and revenue of $5.75 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TPR’s return on assets (ROA) during the last 12 months has been 10.20%. There was a 16.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.50%. ROE has averaged 10.33 in the past year for the broader industry.
According to Tapestry Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.62 billion, while revenues rose by 55.75% to $1.27 billion. It was predicted that Tapestry Inc.’s quarterly earnings would be $0.74, but it ended up being $0.69, beating the consensus by 7.20%. EBITDA was $311.2 million for the quarter. At the end of Tapestry Inc.’s most recent quarter ended June 29, its liabilities totaled 5.12 billion, while its total debt was $3.44 billion. Equity owned by shareholders amounts to $279.57 million.
Here’s a quick look at Tapestry Inc.’s (TPR) price momentum from a technical perspective. As of 25 October, the RSI 9-day stood at 61.35%, suggesting the stock is Neutral, with a 18.83% historical volatility rate.
The stochastic %K and %D were 73.11% and 65.76% respectively, while the average true range (ATR) was 1.07. Based on the 14-day stochastic reading of 93.13%, the RSI (14) reading is 54.75%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at 0.55.
In its analyst report released on July 14, 2021, Goldman began covering Tapestry Inc. (NYSE: TPR). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Tapestry Inc. (TPR) an Overweight rating. TPR is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 12 others recommend it as a buy.
What is TPR’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.00 and $67.00, with a median target price of $54.00. In analyzing these forecasts, the average price target given by analysts for Tapestry Inc. (TPR) is $53.73.