Tapestry Inc (NYSE:TPR) finished Friday with an addition of $0.59 to close at $28.75, an upside of 2.10 percent. An average of 3,413,500 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 3,605,730 shares traded, while the 50-day average volume stands at 4,260,840.
TPR stock has decreased by -13.97% in the last month. The company shares reached their 1-month lowest point of $27.84 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $27.53 and a high of $47.48 in 52 weeks. It has reached a new high 18 times so far this year and lost -24.50% or -$9.33 in price. In spite of this, the price is down -39.45% from the 52-week high.
Insider Transactions
TPR stock investors should be aware that Tapestry Inc (TPR) stock had its last reported insider trading activity 302 days ago on Dec 02.
Valuation Metrics
Tapestry Inc (TPR) has a trailing price-to-earnings (P/E) ratio of 7.41. The stock’s beta is 1.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.98, the price-to-book (PB) ratio at 2.87, and the price-to-cash flow ratio at 8.27.
The company has a payout ratio of 30.94%. The company’s most recent quarterly dividend payment was $0.35 a share, representing a up of 16.67% from $0.30 last year. Its latest increase dividend $0.05 reported on Friday August 11 2023.
Financial Health
The quick ratio of Tapestry Inc for the three months ended June 29 was 1.12, and the current ratio was 1.84, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.30 and a total debt to equity ratio of 1.45 for the quarter ending June 29. Its gross profit as reported stood at $4.71 billion compared to revenue of $6.66 billion.
Earnings Surprise
For the three-month period that ended June 29, Tapestry Inc had $1.64 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $224.1 million in the quarter, while revenues of $186.7 million were grew 1.65%. The analyst consensus anticipated Tapestry Inc’s latest quarter earnings to come in at $0.97 per share, but it turned out to be $0.95, a -2.10% surprise. For the quarter, EBITDA amounted to $325.3 million. Shareholders own equity worth $227.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tapestry Inc (TPR) price momentum. RSI 9-day as of the close on 29 September was 30.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.02%.
As of today, TPR’s price is $28.30 -0.28% or -$0.08 from its 5-day moving average. TPR is currently trading -13.72% lower than its 20-day SMA and -25.23% lower than its 100-day SMA. However, the stock’s current price level is -31.25% below the SMA50 and -22.98% below the SMA200.
The stochastic %K and %D were 10.26% and 5.33%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 21.46% and the average true range at 0.70, the RSI (14) stands at 26.69%. The stock has reached -0.59 on the 9-day MACD Oscillator while the 14-day reading was at -1.31.
Analyst Ratings
Redburn Atlantic downgraded Tapestry Inc (NYSE: TPR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Tapestry Inc (TPR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TPR, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.
What is TPR’s price target for the next 12 months?
Analysts predict a range of price targets between $33.00 and $60.00, with a median target of $47.00. Taking a look at these predictions, the average price target given by analysts for Tapestry Inc (TPR) stock is $46.21.
