Better Times Ahead For Tapestry Inc (NYSE: TPR)?

Tapestry Inc (TPR) concluded trading on Thursday at a closing price of $66.18, with 2.83 million shares of worth about $187.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.05% during that period and on December 26, 2024 the price saw a gain of about 1.38%. Currently the company’s common shares owned by public are about 233.00M shares, out of which, 232.15M shares are available for trading.

Stock saw a price change of 6.60% in past 5 days and over the past one month there was a price change of 8.76%. Year-to-date (YTD), TPR shares are showing a performance of 79.79% which increased to 75.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.23 but also hit the highest price of $65.30 during that period. The average intraday trading volume for Tapestry Inc shares is 4.43 million. The stock is currently trading 4.59% above its 20-day simple moving average (SMA20), while that difference is up 18.36% for SMA50 and it goes to 44.94% higher than SMA200.

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Tapestry Inc (NYSE: TPR) currently have 233.00M outstanding shares and institutions hold larger chunk of about 91.19% of that.

The stock has a current market capitalization of $15.42B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 19.15, while it has posted earnings per share of $3.46 in the same period. Its PEG reads 1.91 and has Quick Ratio of 4.38 while making debt-to-equity ratio of 2.95. 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 2.44% while standing at 2.48% over the month.

Stock’s fiscal year EPS is expected to rise by 8.24% while it is estimated to increase by 9.96% in next year. EPS is likely to grow at an annualized rate of 10.00% 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 Jefferies on December 19, 2024 offering a Buy rating for the stock and assigned a target price range of between $50 and $80 to it. Coverage by Barclays stated Tapestry Inc (TPR) stock as an Equal weight in their note to investors on November 20, 2024, suggesting a price target of $57 for the stock. On November 15, 2024, Telsey Advisory Group Reiterated their recommendations, while on October 29, 2024, TD Cowen Downgrade their ratings for the stock with a price target of $52. Stock get an Outperform rating from Telsey Advisory Group on March 06, 2024.

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