Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $39.48 in the prior trading day, Tapestry Inc (NYSE: TPR) closed at $38.99, down -1.24%. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 5.29 million shares were traded. TPR stock price reached its highest trading level at $40.12 during the session, while it also had its lowest trading level at $38.87.
Ratios:
Our goal is to gain a better understanding of TPR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.90. For the most recent quarter (mrq), Quick Ratio is recorded 5.68 and its Current Ratio is at 6.25. In the meantime, Its Debt-to-Equity ratio is 3.51 whereas as Long-Term Debt/Eq ratio is at 3.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on March 06, 2024, Reiterated its Outperform rating but revised its target price to $54 from $49 previously.
On February 29, 2024, Jefferies Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $50.
Evercore ISI Upgraded its In-line to Outperform on February 05, 2024, whereas the target price for the stock was revised from $30 to $50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TPR now has a Market Capitalization of 8942981120 and an Enterprise Value of 10820386816. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.84, and their Forward P/E ratio for the next fiscal year is 8.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 1.609 whereas that against EBITDA is 7.577.
Stock Price History:
Over the past 52 weeks, TPR has reached a high of $48.80, while it has fallen to a 52-week low of $25.99. The 50-Day Moving Average of the stock is -11.64%, while the 200-Day Moving Average is calculated to be 5.70%.
Shares Statistics:
The stock has traded on average 4.01M shares per day over the past 3-months and 4215040 shares per day over the last 10 days, according to various share statistics. A total of 229.37M shares are outstanding, with a floating share count of 228.57M. Insiders hold about 0.35% of the company’s shares, while institutions hold 91.88% stake in the company. Shares short for TPR as of 1713139200 were 6159691 with a Short Ratio of 1.54, compared to 1710460800 on 6068191. Therefore, it implies a Short% of Shares Outstanding of 6159691 and a Short% of Float of 3.11.
Dividends & Splits
In the trailing 12 months, TPR’s forward annual dividend rate was 1.3, compared to 1.35 this year. Against a Trailing Annual Dividend Yield of 0.032928064The stock’s 5-year Average Dividend Yield is 4.06.
