A Closer Look At Tapestry Inc. (TPR)’s Financials

As of Friday close, Tapestry Inc.’s (NYSE:TPR) stock was up $0.88, moving up 2.87 percent to $31.51. The average number of shares traded per day over the past five days has been 8,265,060 shares. 3 times new highs have been achieved over the past 5 days, with a $1.17 gain in that time frame. In the last twenty days, the average volume was 4,670,000, while in the previous 50 days, it was 4,648,976.

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Since last month, TPR stock retreated -8.48%. Shares of the company fell to $26.39 on 05/11/22, the lowest level in the past month. A 52-week high of $48.01 was reached on 01/05/22 after having rallying from a 52-week low of $26.39. Since the beginning of this year, TPR’s stock price has dropped by -22.39% or -$9.09, and marked a new high 3 times. However, the stock has declined by -34.37% since its 52-week high.

Tapestry Inc. (TPR) last reported insider trading activity 64 days ago on Mar 11. Crevoiserat Joanne C., the Chief Executive Officer of the company, purchased of 5,700 shares for $34.60 on Mar 11. It resulted in a $197,220 investment by the insider. Dunn Sarah sold 35,000 shares at an average price of $40.76 on Feb 17. The insider now owns 68,594 shares following the transaction. On Feb 16, Global Human Resources Officer Dunn Sarah sold 12,622 shares at $40.98 apiece. The transaction was valued at $517,250.

Valuation Metrics

Right now, Tapestry Inc. (TPR) has a P/E ratio of about 10.65. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 2.92, and the price-to-cash flow ratio of 8.90 may also be considered.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Friday August 20 2021, a $0.0875 dividend decrease was announced.

Financial Health

In the three months ended September 29, Tapestry Inc.’s quick ratio stood at 1.30, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.41, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 70.80% percent. In the year ended September 29, EBITDA margin amounted to 22.87%, whereas operating margins totaled 16.60%. Based on annual data, TPR earned $4.08 billion in gross profit and brought in $5.75 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.70%. Return on equity (ROE) for the past 12 months was 27.10%.

In Tapestry Inc.’s quarter-end financial report for September 29, it reported total debt of $1.19 billion against cash and short-term investments of $267.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TPR’s revenue rose 11.42% to $2.14 billion during the quarter, while net income inched up to $1.44 billion. While analysts expected Tapestry Inc. to report $0.7 quarterly earnings, the actual figure was $0.82 per share, beating the consensus estimate by 17.10%. During the quarter, the company generated $218.0 million in EBITDA. The liabilities of Tapestry Inc. were 4.8 billion at the end of its most recent quarter ended September 29, and its total debt was $3.32 billion. The value of shareholders’ equity is $251.8 million.

Technical Picture

This quick technical analysis looks at Tapestry Inc.’s (TPR) price momentum. With a historical volatility rate of 96.65%, the RSI 9-day stood at 50.28% on 13 May.

With respect to its five-day moving average, the current Tapestry Inc. price is up by +3.86% percent or $1.17. At present, TPR shares trade -6.61% below its 20-day simple moving average and -19.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.83% below its SMA50 and -23.63% below its SMA200.

Stochastic coefficient K was 42.12% and Stochastic coefficient D was 22.57%, while ATR was 2.00. Given the Stochastic reading of 68.19% for the 14-day period, the RSI (14) reading has been calculated as 46.73%. As of today, the MACD Oscillator reading stands at -0.85, while the 14-day reading stands at -1.78.


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