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Tapestry Inc (NYSE: TPR) closed the day trading at $41.91 up 4.41% from the previous closing price of $40.14. In other words, the price has increased by $4.41 from its previous closing price. On the day, 2.47 million shares were traded. TPR stock price reached its highest trading level at $41.91 during the session, while it also had its lowest trading level at $40.33.
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 1.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.39. 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 9629786112 and an Enterprise Value of 11481596928. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.10, and their Forward P/E ratio for the next fiscal year is 9.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.01. 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 3.47. Its current Enterprise Value per Revenue stands at 1.714 whereas that against EBITDA is 7.978.
Stock Price History:
The Beta on a monthly basis for TPR is 1.61, which has changed by -0.055868447 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 0.90%, while the 200-Day Moving Average is calculated to be 10.11%.
Shares Statistics:
Over the past 3-months, TPR traded about 3.21M shares per day on average, while over the past 10 days, TPR traded about 2308050 shares per day. 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 93.20% stake in the company. Shares short for TPR as of 1718323200 were 4375912 with a Short Ratio of 1.36, 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
TPR’s forward annual dividend rate is 1.40, up from 1.35 a year ago. Against a Trailing Annual Dividend Yield of 0.03363229The stock’s 5-year Average Dividend Yield is 4.06. The current Payout Ratio is 30.94% for TPR, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2005-04-05 when the company split stock in a 2:1 ratio.
