Look For Institutional Buying In Tapestry Inc (NYSE: TPR)

Tapestry Inc (TPR) concluded trading on Wednesday at a closing price of $74.75, with 8.34 million shares of worth about $623.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.14% during that period and on May 07, 2025 the price saw a gain of about 1.96%. Currently the company’s common shares owned by public are about 206.90M shares, out of which, 206.14M shares are available for trading.

Stock saw a price change of 5.80% in past 5 days and over the past one month there was a price change of 18.67%. Year-to-date (YTD), TPR shares are showing a performance of 14.42% which increased to 90.49% 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 $90.85 during that period. The average intraday trading volume for Tapestry Inc shares is 5.97 million. The stock is currently trading 10.31% above its 20-day simple moving average (SMA20), while that difference is up 4.87% for SMA50 and it goes to 26.25% higher than SMA200.

Tapestry Inc (NYSE: TPR) currently have 206.90M outstanding shares and institutions hold larger chunk of about 103.15% of that.

The stock has a current market capitalization of $15.47B and its 3Y-monthly beta is at 1.47. PE ratio of stock for trailing 12 months is 21.70, while it has posted earnings per share of $3.45 in the same period. Its PEG reads 1.91 and has Quick Ratio of 1.05 while making debt-to-equity ratio of 3.07. 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 2.56% while standing at 4.60% over the month.

Stock’s fiscal year EPS is expected to rise by 14.56% while it is estimated to increase by 7.00% in next year. EPS is likely to grow at an annualized rate of 11.34% 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 Redburn Atlantic on February 18, 2025 offering a Buy rating for the stock and assigned a target price of $110 to it. Coverage by Morgan Stanley stated Tapestry Inc (TPR) stock as an Equal-weight in their note to investors on January 21, 2025, suggesting a price target of $65 for the stock. On January 08, 2025, Barclays Upgrade their recommendations, while on December 19, 2024, Jefferies Upgrade their ratings for the stock with a price target of $80. Stock get an Equal weight rating from Barclays on November 20, 2024.

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