Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Tapestry Inc (NYSE: TPR) closed the day trading at $39.44 down -2.16% from the previous closing price of $40.31. In other words, the price has decreased by -$2.16 from its previous closing price. On the day, 6.55 million shares were traded. TPR stock price reached its highest trading level at $40.125 during the session, while it also had its lowest trading level at $38.73.
Ratios:
For a better understanding of TPR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.98. 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 9046195200 and an Enterprise Value of 11123149824. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.96, and their Forward P/E ratio for the next fiscal year is 8.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 3.40. Its current Enterprise Value per Revenue stands at 1.654 whereas that against EBITDA is 7.789.
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 -12.87%, while the 200-Day Moving Average is calculated to be 6.39%.
Shares Statistics:
Over the past 3-months, TPR traded about 3.87M shares per day on average, while over the past 10 days, TPR traded about 4270900 shares per day. 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 92.11% stake in the company. Shares short for TPR as of 1711584000 were 6604551 with a Short Ratio of 1.70, compared to 1709164800 on 5756475. Therefore, it implies a Short% of Shares Outstanding of 6604551 and a Short% of Float of 3.3299996999999997.
Dividends & Splits
TPR’s forward annual dividend rate is 1.35, up from 1.3 a year ago. Against a Trailing Annual Dividend Yield of 0.032250058The stock’s 5-year Average Dividend Yield is 4.06.
