The price of Tapestry Inc (NYSE: TPR) closed at $47.22 in the last session, down -0.65% from day before closing price of $47.53. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 3011865 shares were traded. TPR stock price reached its highest trading level at $48.06 during the session, while it also had its lowest trading level at $47.20.
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 1.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.36. 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.
On February 05, 2024, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation 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 10.83B and an Enterprise Value of 12.71B. 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 10.29. 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 1.61 while its Price-to-Book (P/B) ratio in mrq is 4.07. Its current Enterprise Value per Revenue stands at 1.89 whereas that against EBITDA is 9.17.
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 40.44, while the 200-Day Moving Average is calculated to be 36.65.
Shares Statistics:
According to the various share statistics, TPR traded on average about 3.81M shares per day over the past 3-months and 3.55M shares per day over the past 10 days. A total of 229.37M shares are outstanding, with a floating share count of 228.51M. Insiders hold about 0.37% of the company’s shares, while institutions hold 91.91% stake in the company. Shares short for TPR as of Feb 15, 2024 were 6.43M with a Short Ratio of 1.69, compared to 6.94M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.81% and a Short% of Float of 3.24%.
Dividends & Splits
The forward annual dividend rate for TPR is 1.30, which was 1.30 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.74%, it implies a Forward Annual Dividend Yield of 2.96%. 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.
