Examining Tapestry Inc. (TPR)’s cash flow and debt position


In the latest session, Tapestry Inc. (NYSE: TPR) closed at $33.16 down -1.92% from its previous closing price of $33.81. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 3539317 shares were traded. TPR stock price reached its highest trading level at $33.76 during the session, while it also had its lowest trading level at $33.01.

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For a deeper understanding of Tapestry Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.72. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.72.

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 the company, Barclays on August 01, 2023, Upgraded its rating to Overweight and sets its target price to $59 from $47 previously.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 02 when Dadlani Manesh sold 1,582 shares for $38.53 per share. The transaction valued at 60,954 led to the insider holds 39,375 shares of the business.

Dadlani Manesh sold 2,005 shares of TPR for $73,804 on Sep 12. The VP, Controller and PAO now owns 33,681 shares after completing the transaction at $36.81 per share. On Aug 25, another insider, Dadlani Manesh, who serves as the VP, Controller and PAO of the company, sold 5,602 shares for $36.85 each. As a result, the insider received 206,434 and left with 35,686 shares of the company.

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 7.69B and an Enterprise Value of 10.24B. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.55, and their Forward P/E ratio for the next fiscal year is 7.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 1.54 whereas that against EBITDA is 7.57.

Stock Price History:

Over the past 52 weeks, TPR has reached a high of $47.48, while it has fallen to a 52-week low of $27.53. The 50-Day Moving Average of the stock is 41.38, while the 200-Day Moving Average is calculated to be 40.73.

Shares Statistics:

For the past three months, TPR has traded an average of 3.54M shares per day and 8.64M over the past ten days. A total of 230.40M shares are outstanding, with a floating share count of 226.79M. Insiders hold about 0.50% of the company’s shares, while institutions hold 96.70% stake in the company. Shares short for TPR as of Jul 30, 2023 were 9.29M with a Short Ratio of 9.29M, compared to 9.04M on Jun 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.01% and a Short% of Float of 5.46%.

Dividends & Splits

According to the company, the forward annual dividend rate for TPR is 1.40, from 1.20 in the trailing year. Against a Trailing Annual Dividend Yield of 3.55%, it implies a Forward Annual Dividend Yield of 4.05%. The current Payout Ratio is 30.30% for TPR, which recently paid a dividend on Sep 24, 2023 with an ex-dividend date of Sep 06, 2023. Stock splits for the company last occurred on Apr 04, 2005 when the company split stock in a 2:1 ratio.

Earnings Estimates

There are 13 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.91 for the current quarter, with a high estimate of $0.98 and a low estimate of $0.88, while EPS last year was $0.79. The consensus estimate for the next quarter is $1.46, with high estimates of $1.51 and low estimates of $1.38.

Analysts are recommending an EPS of between $4.36 and $4.1 for the fiscal current year, implying an average EPS of $4.18. EPS for the following year is $4.57, with 17 analysts recommending between $5.05 and $4.41.

Revenue Estimates

A total of 11 analysts believe the company’s revenue will be $1.54B this quarter.It ranges from a high estimate of $1.55B to a low estimate of $1.53B. As of the current estimate, Tapestry Inc.’s year-ago sales were $1.5B, an estimated increase of 2.70% from the year-ago figure.

A total of 20 analysts have provided revenue estimates for TPR’s current fiscal year. The highest revenue estimate was $7.04B, while the lowest revenue estimate was $6.83B, resulting in an average revenue estimate of $6.9B. In the same quarter a year ago, actual revenue was $6.66B, up 3.60% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $7.2B in the next fiscal year. The high estimate is $7.32B and the low estimate is $7.13B. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.


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