Tapestry Inc (TPR) concluded trading on Wednesday at a closing price of $44.25, with 5.22 million shares of worth about $230.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.04% during that period and on Wednesday the price saw a gain of about 3.65%. Currently the company’s common shares owned by public are about 229.37M shares, out of which, 228.52M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 329,318 shares in 20 of the transactions. In 27 selling transactions, insiders dumped 121,617 shares.
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However, the stock later moved at a day high price of 44.40, or with a gain of 3.65%. Stock saw a price change of 9.67% in past 5 days and over the past one month there was a price change of 21.33%. Year-to-date (YTD), TPR shares are showing a performance of 20.21% which decreased to -2.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.99 but also hit the highest price of $45.72 during that period. The average intraday trading volume for Tapestry Inc shares is 3.79 million. The stock is currently trading 12.17% above its 20-day simple moving average (SMA20), while that difference is up 18.55% for SMA50 and it goes to 22.20% higher than SMA200.
Tapestry Inc (NYSE: TPR) currently have 229.37M outstanding shares and institutions hold larger chunk of about 89.37% of that.
The stock has a current market capitalization of $10.15B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 11.17, while it has posted earnings per share of $3.96 in the same period. Its PEG reads 1.02 and has Quick Ratio of 5.68 while making debt-to-equity ratio of 3.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TPR, volatility over the week remained 3.70% while standing at 2.67% over the month.
Analysts are in expectations that Tapestry Inc (TPR) stock would likely to be making an EPS of $Spirit Aerosystems Holdings, In in the current quarter, while forecast for next quarter EPS is $29.79 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Tapestry, Inc. which is $Teradyne, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $TC Energy Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.01% while it is estimated to increase by 8.55% in next year. EPS is likely to shrink at an annualized rate of 11.00% for next 5-years, compared to annual growth of 23.01% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on February 05, 2024 offering an Outperform rating for the stock and assigned a target price range of between $30 and $50 to it.
