Analyzing Tapestry Inc. (TPR) By Technical Indicators

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As of Wednesday close, Tapestry Inc.’s (NYSE:TPR) stock was up $0.73, moving up 2.01 percent to $36.96. The average number of shares traded per day over the past five days has been 3,450,340 shares. 4 times new highs have been achieved over the past 5 days, with a $2.61 gain in that time frame. In the last twenty days, the average volume was 3,729,540, while in the previous 50 days, it was 3,625,820.

Since last month, TPR stock rose 15.64%. Shares of the company fell to $29.23 on 11/03/22, the lowest level in the past month. A 52-week high of $46.58 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 -8.97% or -$3.64, and marked a new high 3 times. However, the stock has declined by -20.65% since its 52-week high.


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TPR stock investors should be aware that Tapestry Inc. (TPR) stock had its last reported insider trading activity 74 days ago on Sep 12. Dadlani Manesh, the VP, Controller and PAO of the company, disposed of 2,005 shares for $36.81 on Sep 12. It resulted in a $73,804 divestment by the insider. Dadlani Manesh sold 5,602 shares at an average price of $36.85 on Aug 25. The insider now owns 35,686 shares following the transaction. On Aug 22, Chief Operations Officer Glaser Thomas A. sold 39,503 shares at $35.38 apiece. The transaction was valued at $1,397,766.

Valuation Metrics

Right now, Tapestry Inc. (TPR) has a P/E ratio of about 11.74. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 3.96, and the price-to-cash flow ratio of 29.05 may also be considered.

The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Thursday August 18 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended June 29, Tapestry Inc.’s quick ratio stood at 1.00, while its current ratio was 1.80, 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 June 29 was 0.73, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 69.10% percent. In the year ended June 29, operating margins totaled 16.10%. Based on annual data, TPR earned $4.65 billion in gross profit and brought in $6.68 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 23.40%. Return on equity (ROE) for the past 12 months was 33.00%.

In Tapestry Inc.’s quarter-end financial report for June 29, it reported total debt of $1.19 billion against cash and short-term investments of $390.3 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 1.7% to $1.62 billion during the quarter, while net income inched up to $1.51 billion. While analysts expected Tapestry Inc. to report $0.77 quarterly earnings, the actual figure was $0.78 per share, beating the consensus estimate by 1.30%. During the quarter, the company generated $298.1 million in EBITDA. The liabilities of Tapestry Inc. were 4.82 billion at the end of its most recent quarter ended June 29, and its total debt was $3.26 billion. The value of shareholders’ equity is $240.96 million.

Technical Picture

This quick technical analysis looks at Tapestry Inc.’s (TPR) price momentum. With a historical volatility rate of 51.61%, the RSI 9-day stood at 70.82% on 23 November.

With respect to its five-day moving average, the current Tapestry Inc. price is up by +7.60% percent or $2.61. At present, TPR shares trade +16.74% above its 20-day simple moving average and +17.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.54% above its SMA50 and -6.64% below its SMA200.

Stochastic coefficient K was 93.18% and Stochastic coefficient D was 88.97%, while ATR was 1.47. Given the Stochastic reading of 99.59% for the 14-day period, the RSI (14) reading has been calculated as 66.19%. As of today, the MACD Oscillator reading stands at 0.74, while the 14-day reading stands at 1.84.

Analyst Ratings

Jefferies upgraded its rating on Tapestry Inc. (NYSE: TPR) to a Buy in a note to investors on June 15, 2022. The analysts firm previously had a Hold rating on the stock.Tapestry Inc. (TPR) has been rated Overweight by analysts. According to 0 brokerage firms, TPR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate Tapestry Inc. stock as buy, with 12 recommending it as overweight.

With a median target price of $45.00, the current consensus forecast for the stock is $33.00 – $60.00. Based on these forecasts, analysts predict Tapestry Inc. (TPR) will achieve an average price target of $43.47.

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