As of Thursday close, Tapestry Inc.’s (NYSE:TPR) stock was up $0.27, moving up 0.79 percent to $34.60. The average number of shares traded per day over the past five days has been 7,781,640 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 5,410,885, while in the previous 50 days, it was 3,567,644.
Since last month, TPR stock retreated -18.38%. Shares of the company fell to $33.66 on 08/17/23, 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 $27.53. Since the beginning of this year, TPR’s stock price has dropped by -9.14% or -$3.48, and marked a new high 18 times. However, the stock has declined by -27.13% 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 259 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 9.42. The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 1.19, the price-to-book (PB) ratio of 3.59, and the price-to-cash flow ratio of 12.31 may also be considered.
The latest dividend of $0.35 per share was paid out, which is 16.67% more than last year’s $0.30.
Financial Health
In the three months ended March 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 March 30 was 0.73, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 69.90% percent. In the year ended March 30, EBITDA margin amounted to 21.15%, whereas operating margins totaled 17.20%. 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 39.50%.
In Tapestry Inc.’s quarter-end financial report for March 30, it reported total debt of $1.64 billion against cash and short-term investments of $14.6 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 4.77% to $2.03 billion during the quarter, while net income inched up to $1.51 billion. While analysts expected Tapestry Inc. to report $0.59 quarterly earnings, the actual figure was $0.78 per share, beating the consensus estimate by 32.20%. During the quarter, the company generated $268.2 million in EBITDA. The liabilities of Tapestry Inc. were 4.72 billion at the end of its most recent quarter ended March 30, and its total debt was $3.3 billion. The value of shareholders’ equity is $231.8 million.
Technical Picture
This quick technical analysis looks at Tapestry Inc.’s (TPR) price momentum. With a historical volatility rate of 86.19%, the RSI 9-day stood at 22.28% on 17 August.
With respect to its five-day moving average, the current Tapestry Inc. price is down by -0.20% percent or -$0.07. At present, TPR shares trade -17.26% below its 20-day simple moving average and -14.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.03% below its SMA50 and +8.33% above its SMA200.
Stochastic coefficient K was 7.03% and Stochastic coefficient D was 8.74%, while ATR was 1.42. Given the Stochastic reading of 9.27% for the 14-day period, the RSI (14) reading has been calculated as 25.98%. As of today, the MACD Oscillator reading stands at -2.44, while the 14-day reading stands at -4.37.
Analyst Ratings
Barclays upgraded its rating on Tapestry Inc. (NYSE: TPR) to an Overweight in a note to investors on August 01, 2023. The analysts firm previously had an Equal weight rating on the stock.Tapestry Inc. (TPR) has been rated Overweight by analysts. According to 0 brokerage firms, TPR is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Tapestry Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $49.00, the current consensus forecast for the stock is $42.00 – $60.00. Based on these forecasts, analysts predict Tapestry Inc. (TPR) will achieve an average price target of $49.41.
