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In the latest session, Tapestry Inc (NYSE: TPR) closed at $56.41 up 2.01% from its previous closing price of $55.30. In other words, the price has increased by $2.01 from its previous closing price. On the day, 2.5 million shares were traded. TPR stock price reached its highest trading level at $56.63 during the session, while it also had its lowest trading level at $54.98.
Ratios:
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 1.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.08. For the most recent quarter (mrq), Quick Ratio is recorded 4.38 and its Current Ratio is at 4.93. In the meantime, Its Debt-to-Equity ratio is 2.95 whereas as Long-Term Debt/Eq ratio is at 2.75.
On November 15, 2024, Telsey Advisory Group reiterated its Outperform rating and also lowered its target price recommendation from $58 to $67.
TD Cowen Downgraded its Buy to Hold on October 29, 2024, while the target price for the stock was maintained at $52.
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 Nov 15 ’24 when Dadlani Manesh sold 8,872 shares for $57.96 per share. The transaction valued at 514,219 led to the insider holds 35,003 shares of the business.
Fraser Elizabeth bought 25,985 shares of TPR for $1,270,508 on Oct 30 ’24. On Oct 24 ’24, another insider, Fraser Elizabeth, who serves as the Former Officer of the company, bought 34,746 shares for $44.07 each.
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 13145561088 and an Enterprise Value of 14645847040. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.32, and their Forward P/E ratio for the next fiscal year is 11.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 2.197 whereas that against EBITDA is 10.174.
Stock Price History:
Over the past 52 weeks, TPR has reached a high of $58.49, while it has fallen to a 52-week low of $30.20. The 50-Day Moving Average of the stock is 18.26%, while the 200-Day Moving Average is calculated to be 28.94%.
Shares Statistics:
For the past three months, TPR has traded an average of 3.30M shares per day and 4470880 over the past ten days. A total of 233.04M shares are outstanding, with a floating share count of 232.23M. Insiders hold about 0.35% of the company’s shares, while institutions hold 91.20% stake in the company. Shares short for TPR as of 1730332800 were 5072603 with a Short Ratio of 1.54, compared to 1727654400 on 4437551. Therefore, it implies a Short% of Shares Outstanding of 5072603 and a Short% of Float of 2.53.
Dividends & Splits
According to the company, the forward annual dividend rate for TPR is 1.40, from 1.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.025316456The stock’s 5-year Average Dividend Yield is 4.06.
