Currently, there are 233.00M common shares owned by the public and among those 232.15M shares have been available to trade.
The company’s stock has a 5-day price change of 3.10% and 48.34% over the past three months. TPR shares are trading 74.41% year to date (YTD), with the 12-month market performance up to 75.84% higher. It has a 12-month low price of $35.06 and touched a high of $65.30 over the same period. TPR has an average intraday trading volume of 4.10 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 5.13%, 20.54%, and 42.46% respectively.
Institutional ownership of Tapestry Inc (NYSE: TPR) shares accounts for 91.16% of the company’s 233.00M shares outstanding.
It has a market capitalization of $15.38B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 18.58, while the earnings-per-share (ttm) stands at $3.46. The company has a PEG of 1.86 and a Quick Ratio of 4.38 with the debt-to-equity ratio at 2.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.38% over the week and 2.43% over the month.
Earnings per share for the fiscal year are expected to increase by 7.86%, and 9.57% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to 9.60% over the past 5-year period.
Looking at the support for the TPR, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on November 20, 2024, with the firm’s price target at $57. Telsey Advisory Group coverage for the Tapestry Inc (TPR) stock in a research note released on November 15, 2024 offered a Outperform rating with a price target of $67. TD Cowen was of a view on October 29, 2024 that the stock is Hold, while Telsey Advisory Group gave the stock Outperform rating on March 06, 2024, issuing a price target of $49- $54. Jefferies on their part issued Hold rating on February 29, 2024.
