Currently, there are 206.90M common shares owned by the public and among those 205.71M shares have been available to trade.
The company’s stock has a 5-day price change of 11.51% and 57.83% over the past three months. TPR shares are trading 24.54% year to date (YTD), with the 12-month market performance up to 89.25% higher. It has a 12-month low price of $35.23 and touched a high of $87.87 over the same period. TPR has an average intraday trading volume of 5.09 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 9.62%, 19.06%, and 63.34% respectively.
Institutional ownership of Tapestry Inc (NYSE: TPR) shares accounts for 98.83% of the company’s 206.90M shares outstanding.
It has a market capitalization of $16.84B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 23.62, while the earnings-per-share (ttm) stands at $3.45. The company has a PEG of 1.96 and a Quick Ratio of 1.05 with the debt-to-equity ratio at 3.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.64% over the week and 3.22% over the month.
Earnings per share for the fiscal year are expected to increase by 14.40%, and 9.45% over the next financial year. EPS should grow at an annualized rate of 12.06% 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. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on January 21, 2025, with the firm’s price target at $65. Barclays coverage for the Tapestry Inc (TPR) stock in a research note released on January 08, 2025 offered a Overweight rating with a price target of $87. Jefferies was of a view on December 19, 2024 that the stock is Buy, while Barclays gave the stock Equal Weight rating on November 20, 2024, issuing a price target of $57. Telsey Advisory Group on their part issued Outperform rating on November 15, 2024.
