Tapestry Inc (TPR) concluded trading on Wednesday at a closing price of $49.76, with 6.4 million shares of worth about $318.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.66% during that period and on November 06, 2024 the price saw a gain of about 0.69%. 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 2.81% in past 5 days and over the past one month there was a price change of 9.94%. Year-to-date (YTD), TPR shares are showing a performance of 35.18% which increased to 81.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.02 but also hit the highest price of $51.96 during that period. The average intraday trading volume for Tapestry Inc shares is 3.10 million. The stock is currently trading 6.64% above its 20-day simple moving average (SMA20), while that difference is up 11.01% for SMA50 and it goes to 15.88% higher than SMA200.
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Tapestry Inc (NYSE: TPR) currently have 232.78M outstanding shares and institutions hold larger chunk of about 90.42% of that.
The stock has a current market capitalization of $11.58B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 14.20, while it has posted earnings per share of $3.50 in the same period. Its PEG reads 1.49 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 2.72% while standing at 2.36% over the month.
Stock’s fiscal year EPS is expected to rise by 4.65% while it is estimated to increase by 5.41% in next year. EPS is likely to shrink at an annualized rate of 9.50% 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 TD Cowen on October 29, 2024 offering a Hold rating for the stock and assigned a target price of $52 to it. Coverage by Telsey Advisory Group stated Tapestry Inc (TPR) stock as an Outperform in their note to investors on March 06, 2024, suggesting a price target of $54 for the stock. On February 29, 2024, Jefferies Downgrade their recommendations, while on February 05, 2024, Evercore ISI Upgrade their ratings for the stock with a price target of $50. Stock get an Equal-weight rating from Morgan Stanley on December 12, 2023.
