The Insider Activity Of Tapestry Inc. (TPR) Should Not Be Ignored


As of Friday close, Tapestry Inc.’s (NYSE:TPR) stock was down -$0.26, moving down -0.63 percent to $40.90. The average number of shares traded per day over the past five days has been 3,776,240 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.46 fall in that time frame. In the last twenty days, the average volume was 3,019,245, while in the previous 50 days, it was 3,455,874.

Since last month, TPR stock retreated -9.85%. Shares of the company fell to $39.75 on 03/13/23, the lowest level in the past month. A 52-week high of $47.48 was reached on 02/02/23 after having rallying from a 52-week low of $26.39. Since the beginning of this year, TPR’s stock price has risen by 7.41% or $2.82, and marked a new high 18 times. However, the stock has declined by -13.86% 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 106 days ago on Dec 02. Dadlani Manesh, the VP, Controller and PAO of the company, disposed of 1,582 shares for $38.53 on Dec 02. It resulted in a $60,954 divestment by the insider. Dadlani Manesh sold 2,005 shares at an average price of $36.81 on Sep 12. The insider now owns 33,681 shares following the transaction. On Aug 25, VP, Controller and PAO Dadlani Manesh sold 5,602 shares at $36.85 apiece. The transaction was valued at $206,434.

Valuation Metrics

Right now, Tapestry Inc. (TPR) has a P/E ratio of about 12.18. The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 4.23, and the price-to-cash flow ratio of 39.57 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 December 30, Tapestry Inc.’s quick ratio stood at 1.10, while its current ratio was 1.90, 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 December 30 was 0.71, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 69.30% percent. In the year ended December 30, operating margins totaled 16.50%. 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 35.60%.

In Tapestry Inc.’s quarter-end financial report for December 30, it reported total debt of $1.65 billion against cash and short-term investments of $16.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TPR’s revenue fell -5.72% to $1.51 billion during the quarter, while net income inched up to $2.03 billion. While analysts expected Tapestry Inc. to report $1.27 quarterly earnings, the actual figure was $1.36 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated $463.0 million in EBITDA. The liabilities of Tapestry Inc. were 4.94 billion at the end of its most recent quarter ended December 30, and its total debt was $3.31 billion. The value of shareholders’ equity is $236.08 million.

Technical Picture

This quick technical analysis looks at Tapestry Inc.’s (TPR) price momentum. With a historical volatility rate of 24.15%, the RSI 9-day stood at 36.37% on 17 March.

With respect to its five-day moving average, the current Tapestry Inc. price is down by -1.11% percent or -$0.46. At present, TPR shares trade -8.85% below its 20-day simple moving average and +30.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.15% above its SMA50 and +18.55% above its SMA200.

Stochastic coefficient K was 23.55% and Stochastic coefficient D was 25.63%, while ATR was 1.22. Given the Stochastic reading of 24.19% for the 14-day period, the RSI (14) reading has been calculated as 39.72%. As of today, the MACD Oscillator reading stands at -0.70, while the 14-day reading stands at -1.47.

Analyst Ratings

Tapestry Inc. downgraded its rating on Tapestry Inc. (NYSE: TPR) to an Equal weight in a note to investors on January 23, 2023. The analysts firm previously had an Overweight rating on the stock.


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