Tapestry Inc [NYSE: TPR] traded at a high on Thursday, posting a 1.38 gain after which it closed the day’ session at $66.18.
The results of the trading session contributed to over 2834711 shares changing hands. Over the past one week, the price volatility of Tapestry Inc stands at 2.44% while the volatility over the past one month is 2.48%.
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The market cap for TPR stock reached $15.42 billion, with 233.00 million shares outstanding and 232.15 million shares in the current float. Compared to the average trading volume of 4.43M shares, TPR reached a trading volume of 2834711 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 $66.29 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 December 19, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on November 20, 2024, representing the official price target for Tapestry Inc stock. Previously, the target price had yet another raise from $58 to $67, while Telsey Advisory Group kept a Outperform rating on TPR stock.
The Average True Range (ATR) for Tapestry Inc is set at 1.67, with the Price to Sales ratio for TPR stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 5.17, with the Price to Cash per share for the same quarter was set at 31.35. Price to Free Cash Flow for TPR in the course of the last twelve months was 13.00 with Quick ratio for the last quarter at 4.38.
How has TPR stock performed recently?
Tapestry Inc [TPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.60. With this latest performance, TPR shares gained by 8.76% in over the last four-week period, additionally plugging by 59.05% over the last 6 months – not to mention a rise of 75.96% 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 70.24, with the RSI for the last a single of trading hit 71.70, and the three-weeks RSI is set at 69.62 for Tapestry Inc [TPR]. The present Moving Average for the last 50 days of trading for this stock 55.92, while it was recorded at 64.60 for the last single week of trading, and 45.66 for the last 200 days.
Tapestry Inc [TPR]: Deeper insight into the fundamentals
Tapestry Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.38 and a Current Ratio set at 4.93.
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 10.00%.
Insider trade positions for Tapestry Inc [TPR]
There are presently around $92.37%, or 92.67%% 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%.
