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The price of Tapestry Inc (NYSE: TPR) closed at $41.75 in the last session, up 1.41% from day before closing price of $41.17. In other words, the price has increased by $1.41 from its previous closing price. On the day, 2.22 million shares were traded. TPR stock price reached its highest trading level at $41.76 during the session, while it also had its lowest trading level at $40.415.
Ratios:
We take a closer look at TPR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.38. For the most recent quarter (mrq), Quick Ratio is recorded 4.66 and its Current Ratio is at 5.14. In the meantime, Its Debt-to-Equity ratio is 3.03 whereas as Long-Term Debt/Eq ratio is at 2.82.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 24 ’24 when Dadlani Manesh sold 2,500 shares for $42.23 per share. The transaction valued at 105,575 led to the insider holds 37,173 shares of the business.
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 9611726848 and an Enterprise Value of 11173614592. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.92, and their Forward P/E ratio for the next fiscal year is 8.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 1.675 whereas that against EBITDA is 7.812.
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 3.27%, while the 200-Day Moving Average is calculated to be 2.29%.
Shares Statistics:
According to the various share statistics, TPR traded on average about 2.72M shares per day over the past 3-months and 2931910 shares per day over the past 10 days. A total of 230.20M shares are outstanding, with a floating share count of 229.09M. Insiders hold about 0.49% of the company’s shares, while institutions hold 92.26% stake in the company. Shares short for TPR as of 1723680000 were 4453773 with a Short Ratio of 1.64, compared to 1721001600 on 3916562. Therefore, it implies a Short% of Shares Outstanding of 4453773 and a Short% of Float of 2.2399999999999998.
Dividends & Splits
The forward annual dividend rate for TPR is 1.40, which was 1.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.034005344The stock’s 5-year Average Dividend Yield is 4.06.
Earnings Estimates
Investors are keenly observing as 15.0 analysts analyze and rate the current performance of Tapestry Inc (TPR) in the stock market.The consensus estimate for the next quarter is $1.69, with high estimates of $1.76 and low estimates of $1.54.
Analysts are recommending an EPS of between $4.59 and $4.42 for the fiscal current year, implying an average EPS of $4.49. EPS for the following year is $4.71, with 17.0 analysts recommending between $4.9 and $4.51.
Revenue Estimates
For the next quarter, 14 analysts are estimating revenue of $2.08B. There is a high estimate of $2.11B for the next quarter, whereas the lowest estimate is $2.04B.
A total of 18 analysts have provided revenue estimates for TPR’s current fiscal year. The highest revenue estimate was $6.77B, while the lowest revenue estimate was $6.65B, resulting in an average revenue estimate of $6.7B. In the same quarter a year ago, actual revenue was $6.67BBased on 17 analysts’ estimates, the company’s revenue will be $6.94B in the next fiscal year. The high estimate is $7.17B and the low estimate is $6.73B.
