Tapestry Inc (TPR) concluded trading on Thursday at a closing price of $44.47, with 2.74 million shares of worth about $121.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.90% during that period and on October 24, 2024 the price saw a gain of about 2.14%. Currently the company’s common shares owned by public are about 232.78M shares, out of which, 231.97M shares are available for trading.
Stock saw a price change of -1.57% in past 5 days and over the past one month there was a price change of -2.76%. Year-to-date (YTD), TPR shares are showing a performance of 20.81% which increased to 59.28% 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 $48.80 during that period. The average intraday trading volume for Tapestry Inc shares is 2.77 million. The stock is currently trading -2.02% below its 20-day simple moving average (SMA20), while that difference is up 2.69% for SMA50 and it goes to 4.90% higher than SMA200.
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Tapestry Inc (NYSE: TPR) currently have 232.78M outstanding shares and institutions hold larger chunk of about 90.48% of that.
The stock has a current market capitalization of $10.35B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 12.69, while it has posted earnings per share of $3.50 in the same period. Its PEG reads 1.81 and has Quick Ratio of 4.66 while making debt-to-equity ratio of 3.03. 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 1.80% while standing at 1.91% over the month.
Stock’s fiscal year EPS is expected to rise by 4.51% while it is estimated to increase by 4.94% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 9.60% 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 Telsey Advisory Group on March 06, 2024 offering an Outperform rating for the stock and assigned a target price range of between $49 and $54 to it. Coverage by Jefferies stated Tapestry Inc (TPR) stock as a Hold in their note to investors on February 29, 2024, suggesting a price target of $50 for the stock. On February 05, 2024, Evercore ISI Upgrade their recommendations, while on December 12, 2023, Morgan Stanley Resumed their ratings for the stock with a price target of $38. Stock get an In-line rating from Evercore ISI on November 07, 2023.
