Tapestry Inc [NYSE: TPR] gained 2.14% on the last trading session, reaching $44.47 price per share at the time.
If compared to the average trading volume of 2.77M shares, TPR reached a trading volume of 2735550 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $49.00 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 1.76. 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.
Telsey Advisory Group have made an estimate for Tapestry Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 06, 2024. The new note on the price target was released on February 29, 2024, representing the official price target for Tapestry Inc stock. Previously, the target price had yet another raise from $30 to $50, while Evercore ISI kept a Outperform rating on TPR stock.
The Average True Range (ATR) for Tapestry Inc is set at 0.95, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 3.53, with the Price to Cash per share for the same quarter was set at 30.95. Price to Free Cash Flow for TPR in the course of the last twelve months was 9.03 with Quick ratio for the last quarter at 4.66.
Trading performance analysis for TPR stock
Tapestry Inc [TPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.57. With this latest performance, TPR shares dropped by -2.76% in over the last four-week period, additionally plugging by 12.90% over the last 6 months – not to mention a rise of 59.28% 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 49.88, with the RSI for the last a single of trading hit 46.79, and the three-weeks RSI is set at 52.00 for Tapestry Inc [TPR]. The present Moving Average for the last 50 days of trading for this stock 43.30, while it was recorded at 44.32 for the last single week of trading, and 42.39 for the last 200 days.
Tapestry Inc [TPR]: A deeper dive into fundamental analysis
Tapestry Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.66 and a Current Ratio set at 5.14.
Tapestry Inc [TPR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Tapestry Inc posted 0.93/share EPS, while the average EPS was predicted by analysts to be reported at 0.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 7.00%.
An analysis of Institutional ownership at Tapestry Inc [TPR]
There are presently around $91.44%, or 91.74%% of TPR stock, in the hands of institutional investors. The top three institutional holders of TPR stocks are: VANGUARD GROUP INC with ownership of 30.67 million shares, which is approximately 13.3647%. BLACKROCK INC., holding 19.59 million shares of the stock with an approximate value of $$838.42 million in TPR stocks shares; and BLACKROCK INC., currently with $$783.98 million in TPR stock with ownership which is approximately 7.9833%.
