Tapestry Inc. [NYSE: TPR] stock went on a downward path that fall over -4.94% on Monday, amounting to a one-week price decrease of less than -14.17%. The company report on April 28, 2022 that Tapestry, Inc. to Host FY22 Third Quarter Earnings Call.
On Thursday, May 12, 2022 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE: TPR) will hold a conference call to discuss the Company’s fiscal 2022 third quarter results, which will be reported via press release earlier that morning.
To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 2898477. To listen to the audio webcast, please visit www.tapestry.com/investors. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on May 12th. To access the telephone replay, please call 1-800-283-4641 or 1-402-220-0851.
Over the last 12 months, TPR stock dropped by -38.66%. The one-year Tapestry Inc. stock forecast points to a potential upside of 45.88. The average equity rating for TPR stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.90 billion, with 271.10 million shares outstanding and 252.27 million shares in the current float. Compared to the average trading volume of 4.21M shares, TPR stock reached a trading volume of 7989363 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Tapestry Inc. [TPR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TPR shares is $53.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TPR stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Tapestry Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 15, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $50 to $48. The new note on the price target was released on January 28, 2022, representing the official price target for Tapestry Inc. stock. Previously, the target price had yet another raise to $54, while Argus analysts kept a Buy rating on TPR stock.
The Average True Range (ATR) for Tapestry Inc. is set at 1.53, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 6.02. Price to Free Cash Flow for TPR in the course of the last twelve months was 8.14 with Quick ratio for the last quarter at 1.30.
TPR Stock Performance Analysis:
Tapestry Inc. [TPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.17. With this latest performance, TPR shares dropped by -13.39% in over the last four-week period, additionally sinking by -32.16% over the last 6 months – not to mention a drop of -38.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TPR stock in for the last two-week period is set at 28.81, with the RSI for the last a single of trading hit 23.17, and the three-weeks RSI is set at 32.94 for Tapestry Inc. [TPR]. The present Moving Average for the last 50 days of trading for this stock 35.26, while it was recorded at 31.33 for the last single week of trading, and 39.28 for the last 200 days.
Insight into Tapestry Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Tapestry Inc. [TPR] shares currently have an operating margin of +19.06 and a Gross Margin at +70.89. Tapestry Inc.’s Net Margin is presently recorded at +14.52.
Return on Total Capital for TPR is now 16.26, given the latest momentum, and Return on Invested Capital for the company is 13.85. Return on Equity for this stock inclined to 30.14, with Return on Assets sitting at 10.23. When it comes to the capital structure of this company, Tapestry Inc. [TPR] has a Total Debt to Total Equity ratio set at 105.56. Additionally, TPR Total Debt to Total Capital is recorded at 51.35, with Total Debt to Total Assets ending up at 41.04. Long-Term Debt to Equity for the company is recorded at 95.73, with the Long-Term Debt to Total Capital now at 46.57.
Reflecting on the efficiency of the workforce at the company, Tapestry Inc. [TPR] managed to generate an average of $50,866 per employee. Receivables Turnover for the company is 16.56 with a Total Asset Turnover recorded at a value of 0.70.Tapestry Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.70.
TPR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TPR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tapestry Inc. go to 17.20%.
Tapestry Inc. [TPR] Insider Position Details
There are presently around $6,851 million, or 92.60% of TPR stock, in the hands of institutional investors. The top three institutional holders of TPR stocks are: VANGUARD GROUP INC with ownership of 31,903,125, which is approximately 3.169% of the company’s market cap and around 0.20% of the total institutional ownership; FMR LLC, holding 29,140,081 shares of the stock with an approximate value of $840.4 million in TPR stocks shares; and JPMORGAN CHASE & CO, currently with $537.98 million in TPR stock with ownership of nearly -5.27% of the company’s market capitalization.
Positions in Tapestry Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 289 institutional holders increased their position in Tapestry Inc. [NYSE:TPR] by around 18,543,433 shares. Additionally, 257 investors decreased positions by around 29,937,736 shares, while 75 investors held positions by with 189,083,939 shares. The mentioned changes placed institutional holdings at 237,565,108 shares, according to the latest SEC report filing. TPR stock had 92 new institutional investments in for a total of 3,372,020 shares, while 75 institutional investors sold positions of 9,262,444 shares during the same period.