Tapestry Inc. [NYSE: TPR] closed the trading session at $36.38 on 09/12/22. The day’s price range saw the stock hit a low of $35.99, while the highest price level was $36.975. The company report on September 9, 2022 that Tapestry, Inc. Introduces 2025 Growth Strategy and Financial Targets.
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Announces Three-Year Roadmap to Drive Sustainable, Profitable Growth and Significant Return of Cash to Shareholders.
Expects to Achieve Revenue of $8 Billion by Fiscal Year 2025, Reflecting a Three-Year CAGR of 6% to 7%.
The stocks have a year to date performance of -10.39 percent and weekly performance of 5.36 percent. The stock has been moved at 5.91 percent over the last six months. The stock has performed 2.48 percent around the most recent 30 days and changed 11.25 percent over the most recent 3-months.
If compared to the average trading volume of 3.52M shares, TPR reached to a volume of 4992817 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $45.11 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 1.90. 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 1.24, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 3.95, 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 17.26 with Quick ratio for the last quarter at 1.10.
TPR stock trade performance evaluation
Tapestry Inc. [TPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.36. With this latest performance, TPR shares gained by 2.48% in over the last four-week period, additionally plugging by 5.91% over the last 6 months – not to mention a drop of -10.11% 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 57.96, with the RSI for the last a single of trading hit 61.05, and the three-weeks RSI is set at 56.52 for Tapestry Inc. [TPR]. The present Moving Average for the last 50 days of trading for this stock 34.04, while it was recorded at 34.90 for the last single week of trading, and 35.93 for the last 200 days.
Tapestry Inc. [TPR]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Tapestry Inc. [TPR] shares currently have an operating margin of +18.23 and a Gross Margin at +69.57. Tapestry Inc.’s Net Margin is presently recorded at +12.81.
Return on Equity for this stock inclined to 30.89, with Return on Assets sitting at 10.94.
Tapestry Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.80.
Earnings per share (EPS) analysis for Tapestry Inc. [TPR] stock
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 12.00%.
Tapestry Inc. [TPR]: Insider Ownership positions
There are presently around $8,059 million, or 93.70% of TPR stock, in the hands of institutional investors. The top three institutional holders of TPR stocks are: VANGUARD GROUP INC with ownership of 31,787,711, which is approximately -2.654% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 14,717,967 shares of the stock with an approximate value of $535.44 million in TPR stocks shares; and BLACKROCK INC., currently with $533.06 million in TPR stock with ownership of nearly -1.163% of the company’s market capitalization.
Positions in Tapestry Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 307 institutional holders increased their position in Tapestry Inc. [NYSE:TPR] by around 23,233,902 shares. Additionally, 250 investors decreased positions by around 33,655,654 shares, while 74 investors held positions by with 164,640,945 shares. The mentioned changes placed institutional holdings at 221,530,501 shares, according to the latest SEC report filing. TPR stock had 87 new institutional investments in for a total of 6,047,842 shares, while 71 institutional investors sold positions of 5,250,376 shares during the same period.