Tapestry Inc. [TPR] Revenue clocked in at $6.67 billion, down -14.26% YTD: What’s Next?

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Tapestry Inc. [NYSE: TPR] price plunged by -0.23 percent to reach at -$0.08. The company report on June 2, 2022 that Tapestry’s C. Hayward Williams named to 2022 Empower 100 Executives Role Model List.


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Northampton, MA –News Direct– Tapestry, Inc.

Congratulations to C. Hayward Williams (he/him), Tapestry’s VP, HR Business Partner Global Operations and Corporate Functions, for being named to INvolve – The Inclusion People’s 2022 Empower 100 Executives Role Model List supported by Yahoo Finance!.

A sum of 3347014 shares traded at recent session while its average daily volume was at 4.47M shares. Tapestry Inc. shares reached a high of $35.19 and dropped to a low of $34.28 until finishing in the latest session at $34.81.

The one-year TPR stock forecast points to a potential upside of 23.86. The average equity rating for TPR stock is currently 2.00, trading closer to a bullish pattern in the stock market.

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 $45.72 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 2.00. 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 1.54, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 3.57, with the Price to Cash per share for the same quarter was set at 4.23. Price to Free Cash Flow for TPR in the course of the last twelve months was 13.18 with Quick ratio for the last quarter at 0.90.

TPR Stock Performance Analysis:

Tapestry Inc. [TPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.96. With this latest performance, TPR shares gained by 20.70% in over the last four-week period, additionally sinking by -20.34% over the last 6 months – not to mention a drop of -19.83% 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 57.79, with the RSI for the last a single of trading hit 62.15, and the three-weeks RSI is set at 54.51 for Tapestry Inc. [TPR]. The present Moving Average for the last 50 days of trading for this stock 33.31, while it was recorded at 34.87 for the last single week of trading, and 38.22 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 0.90 and a Current Ratio set at 1.50.

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 20.90%.

Tapestry Inc. [TPR] Insider Position Details

There are presently around $8,103 million, or 94.90% of TPR stock, in the hands of institutional investors. The top three institutional holders of TPR stocks are: VANGUARD GROUP INC with ownership of 32,654,335, which is approximately 2.355% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 25,295,627 shares of the stock with an approximate value of $882.56 million in TPR stocks shares; and JPMORGAN CHASE & CO, currently with $663.58 million in TPR stock with ownership of nearly 1.959% 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 296 institutional holders increased their position in Tapestry Inc. [NYSE:TPR] by around 21,537,482 shares. Additionally, 276 investors decreased positions by around 27,380,964 shares, while 68 investors held positions by with 183,333,460 shares. The mentioned changes placed institutional holdings at 232,251,906 shares, according to the latest SEC report filing. TPR stock had 87 new institutional investments in for a total of 6,075,401 shares, while 92 institutional investors sold positions of 4,685,367 shares during the same period.

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