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After finishing at $41.70 in the prior trading day, Tapestry Inc (NYSE: TPR) closed at $41.61, down -0.22%. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 1.99 million shares were traded. TPR stock price reached its highest trading level at $41.755 during the session, while it also had its lowest trading level at $40.99.
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 1.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.34. For the most recent quarter (mrq), Quick Ratio is recorded 5.98 and its Current Ratio is at 6.59. In the meantime, Its Debt-to-Equity ratio is 3.34 whereas as Long-Term Debt/Eq ratio is at 3.22.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 9581535232 and an Enterprise Value of 11412665344. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.02, and their Forward P/E ratio for the next fiscal year is 9.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 3.45. Its current Enterprise Value per Revenue stands at 1.703 whereas that against EBITDA is 7.93.
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 0.42%, while the 200-Day Moving Average is calculated to be 10.20%.
Shares Statistics:
The stock has traded on average 3.39M shares per day over the past 3-months and 2578270 shares per day over the last 10 days, according to various share statistics. A total of 229.77M shares are outstanding, with a floating share count of 228.96M. Insiders hold about 0.35% of the company’s shares, while institutions hold 93.27% stake in the company. Shares short for TPR as of 1718323200 were 4375912 with a Short Ratio of 1.29, compared to 1715731200 on 6557295. Therefore, it implies a Short% of Shares Outstanding of 4375912 and a Short% of Float of 2.1999999999999997.
Dividends & Splits
In the trailing 12 months, TPR’s forward annual dividend rate was 1.35, compared to 1.40 this year. Against a Trailing Annual Dividend Yield of 0.0323741The stock’s 5-year Average Dividend Yield is 4.06.
