Tapestry Inc. [TPR] Revenue clocked in at $6.67 billion, down -19.46% YTD: What’s Next?


Tapestry Inc. [NYSE: TPR] price surged by 3.48 percent to reach at $1.1. 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 5068832 shares traded at recent session while its average daily volume was at 4.34M shares. Tapestry Inc. shares reached a high of $33.2818 and dropped to a low of $32.18 until finishing in the latest session at $32.70.

The one-year TPR stock forecast points to a potential upside of 28.48. 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.

Jefferies have made an estimate for Tapestry Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 15, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on March 15, 2022, representing the official price target for Tapestry Inc. stock. Previously, the target price had yet another drop from $50 to $48, while Citigroup kept a Buy rating on TPR stock.

The Average True Range (ATR) for Tapestry Inc. is set at 1.56, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 3.35, with the Price to Cash per share for the same quarter was set at 4.06. Price to Free Cash Flow for TPR in the course of the last twelve months was 12.90 with Quick ratio for the last quarter at 0.90.

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 -6.06. With this latest performance, TPR shares gained by 2.09% in over the last four-week period, additionally sinking by -22.99% over the last 6 months – not to mention a drop of -24.41% 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 48.73, with the RSI for the last a single of trading hit 47.86, and the three-weeks RSI is set at 48.55 for Tapestry Inc. [TPR]. The present Moving Average for the last 50 days of trading for this stock 32.78, while it was recorded at 32.45 for the last single week of trading, and 37.97 for the last 200 days.

Insight into Tapestry Inc. Fundamentals:

Tapestry Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.50.


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 $7,339 million, or 95.00% 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 0.20% of the total institutional ownership; FMR LLC, holding 25,295,627 shares of the stock with an approximate value of $799.34 million in TPR stocks shares; and JPMORGAN CHASE & CO, currently with $601.0 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 297 institutional holders increased their position in Tapestry Inc. [NYSE:TPR] by around 21,544,042 shares. Additionally, 275 investors decreased positions by around 27,380,766 shares, while 68 investors held positions by with 183,327,767 shares. The mentioned changes placed institutional holdings at 232,252,575 shares, according to the latest SEC report filing. TPR stock had 88 new institutional investments in for a total of 6,081,961 shares, while 92 institutional investors sold positions of 4,685,367 shares during the same period.