The price of Tapestry Inc (NYSE: TPR) closed at $46.68 in the last session, up 2.80% from day before closing price of $45.41. In other words, the price has increased by $+1.27 from its previous closing price. On the day, 3502359 shares were traded.
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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 1.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.26. 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 10.71B and an Enterprise Value of 12.58B. As of this moment, Tapestry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.79, and their Forward P/E ratio for the next fiscal year is 10.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 4.03. Its current Enterprise Value per Revenue stands at 1.87 whereas that against EBITDA is 9.08.
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 43.95, while the 200-Day Moving Average is calculated to be 37.10.
Shares Statistics:
According to the various share statistics, TPR traded on average about 3.69M shares per day over the past 3-months and 3.88M shares per day over the past 10 days. 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 92.29% stake in the company. Shares short for TPR as of Mar 15, 2024 were 6.07M with a Short Ratio of 1.64, compared to 6.43M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.65% and a Short% of Float of 3.06%.
Dividends & Splits
The forward annual dividend rate for TPR is 1.35, which was 1.30 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.86%, it implies a Forward Annual Dividend Yield of 3.00%. The 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 Mar 25, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Apr 05, 2005 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.67 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.65, while EPS last year was $0.78. The consensus estimate for the next quarter is $1.02, with high estimates of $1.07 and low estimates of $0.95.
Analysts are recommending an EPS of between $4.3 and $4.03 for the fiscal current year, implying an average EPS of $4.23. EPS for the following year is $4.57, with 18 analysts recommending between $4.7 and $4.41.
Revenue Estimates
A total of 17 analysts have provided revenue estimates for TPR’s current fiscal year. The highest revenue estimate was $6.8B, while the lowest revenue estimate was $6.7B, resulting in an average revenue estimate of $6.74B. In the same quarter a year ago, actual revenue was $6.66B, up 1.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $7B in the next fiscal year. The high estimate is $7.18B and the low estimate is $6.87B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
