Market Analysts see Tapestry Inc. [TPR] gaining to $45. Time to buy?

Tapestry Inc. [NYSE: TPR] traded at a high on 09/28/22, posting a 3.00 gain after which it closed the day’ session at $29.90.

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The results of the trading session contributed to over 3706937 shares changing hands. Over the past one week, the price volatility of Tapestry Inc. stands at 3.89% while the volatility over the past one month is 3.60%.

The market cap for TPR stock reached $7.53 billion, with 248.10 million shares outstanding and 240.66 million shares in the current float. Compared to the average trading volume of 3.48M shares, TPR reached a trading volume of 3706937 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 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 1.23, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 3.25, with the Price to Cash per share for the same quarter was set at 3.79. Price to Free Cash Flow for TPR in the course of the last twelve months was 15.21 with Quick ratio for the last quarter at 1.10.

How has TPR stock performed recently?

Tapestry Inc. [TPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.45. With this latest performance, TPR shares dropped by -14.86% in over the last four-week period, additionally sinking by -25.55% over the last 6 months – not to mention a drop of -24.42% 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 35.63, with the RSI for the last a single of trading hit 33.52, and the three-weeks RSI is set at 38.56 for Tapestry Inc. [TPR]. The present Moving Average for the last 50 days of trading for this stock 34.11, while it was recorded at 29.63 for the last single week of trading, and 35.31 for the last 200 days.

Tapestry Inc. [TPR]: Deeper insight into the 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 analysis for Tapestry Inc. [TPR]

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 13.70%.

Insider trade positions for Tapestry Inc. [TPR]

There are presently around $6,624 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 $440.07 million in TPR stocks shares; and BLACKROCK INC., currently with $438.11 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 310 institutional holders increased their position in Tapestry Inc. [NYSE:TPR] by around 23,236,976 shares. Additionally, 250 investors decreased positions by around 33,655,654 shares, while 74 investors held positions by with 164,646,648 shares. The mentioned changes placed institutional holdings at 221,539,278 shares, according to the latest SEC report filing. TPR stock had 89 new institutional investments in for a total of 6,048,410 shares, while 71 institutional investors sold positions of 5,250,376 shares during the same period.


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