Tapestry Inc (NYSE: TPR): Hunting Genuine Value In Market Debris

Currently, there are 229.37M common shares owned by the public and among those 228.57M shares have been available to trade.

The company’s stock has a 5-day price change of 1.21% and 25.24% over the past three months. TPR shares are trading 25.24% year to date (YTD), with the 12-month market performance up to 9.58% higher. It has a 12-month low price of $25.99 and touched a high of $48.80 over the same period. TPR has an average intraday trading volume of 3.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.01%, 3.76%, and 24.10% respectively.

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Institutional ownership of Tapestry Inc (NYSE: TPR) shares accounts for 92.30% of the company’s 229.37M shares outstanding.

It has a market capitalization of $10.57B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 11.64, while the earnings-per-share (ttm) stands at $3.96. The company has a PEG of 1.06 and a Quick Ratio of 5.68 with the debt-to-equity ratio at 3.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.94% over the week and 2.12% over the month.

Analysts forecast that Tapestry Inc (TPR) will achieve an EPS of $0.67 for the current quarter, $1.02 for the next quarter and $4.57 for 2025. The lowest estimate earnings-per-share for the quarter is $0.65 while analysts give the company a high EPS estimate of $0.72. Comparatively, EPS for the current quarter was $0.78 a year ago. Earnings per share for the fiscal year are expected to increase by 9.11%, and 8.38% over the next financial year. EPS should shrink at an annualized rate of 11.00% over the next five years, compared to 23.01% over the past 5-year period.

Looking at the support for the TPR, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on March 06, 2024, with the firm’s price target at $49-$54. Jefferies coverage for the Tapestry Inc (TPR) stock in a research note released on February 29, 2024 offered a Hold rating with a price target of $50. Evercore ISI was of a view on February 05, 2024 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on December 12, 2023, issuing a price target of $38. Evercore ISI on their part issued In-line rating on November 07, 2023.

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