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 0.00% and 49.46% over the past three months. TPR shares are trading 3.57% year to date (YTD), with the 12-month market performance up to 79.61% higher. It has a 12-month low price of $35.23 and touched a high of $69.09 over the same period. TPR has an average intraday trading volume of 4.66 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 3.23%, 12.03%, and 44.71% respectively.
Institutional ownership of Tapestry Inc (NYSE: TPR) shares accounts for 91.26% of the company’s 233.00M shares outstanding.
It has a market capitalization of $15.77B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 19.58, while the earnings-per-share (ttm) stands at $3.46. The company has a PEG of 1.96 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 2.58% over the week and 2.43% over the month.
Analysts forecast that Tapestry Inc (TPR) will achieve an EPS of 1.73 for the current quarter, 0.88 for the next quarter and 5.06 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.63 while analysts give the company a high EPS estimate of 1.63. Comparatively, EPS for the current quarter was 1.63 a year ago. Earnings per share for the fiscal year are expected to increase by 8.51%, and 11.07% 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 Overweight rating for the stock in a research note on January 08, 2025, with the firm’s price target at $57-$87. Jefferies coverage for the Tapestry Inc (TPR) stock in a research note released on December 19, 2024 offered a Buy rating with a price target of $80. Barclays was of a view on November 20, 2024 that the stock is Equal Weight, while Telsey Advisory Group gave the stock Outperform rating on November 15, 2024, issuing a price target of $58- $67. TD Cowen on their part issued Hold rating on October 29, 2024.
