Tapestry Inc [TPR] stock is trading at $48.55, up 1.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TPR shares have gain 6.80% over the last week, with a monthly amount glided 29.33%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Tapestry Career Spotlight: All About Mobility. In a post published today on Yahoo Finance, At Tapestry, we aim to foster a culture of purpose and fulfillment by embedding equity, inclusion and diversity throughout our organization, and attracting and retaining talent with a compelling and engaging employee experience. And we strive to create a work environment where employees feel empowered to contribute, develop and grow. We seek to build deep engagement with our talent through fulfilling work, purpose-specific tools and a strong focus on professional development.
From an analyst’s perspective:
Tapestry Inc [NYSE: TPR] stock has seen the most recent analyst activity on February 05, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $50 from $30. On November 07, 2023, Evercore ISI initiated with a In-line rating and assigned a price target of $30 on the stock. Redburn Atlantic downgraded its rating to a Neutral but stick to its price target of $33 on September 13, 2023. Barclays upgraded its rating to a Overweight and raised its price target to $59 on August 01, 2023. Bernstein upgraded its rating to Outperform for this stock on May 15, 2023, and upped its price target to $55. In a note dated January 23, 2023, Barclays downgraded an Equal Weight rating on this stock but restated the target price of $43.
Tapestry Inc [TPR] stock has fluctuated between $25.99 and $47.92 over the past year. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Tapestry Inc [NYSE: TPR] shares were valued at $48.55 at the most recent close of the market. An investor can expect a potential return of 11.23% based on the average TPR price forecast.
Analyzing the TPR fundamentals
Tapestry Inc [NYSE:TPR] reported sales of 6.73B for the trailing twelve months, which represents a growth of 2.92%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.88 points at the first support level, and at 47.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.01, and for the 2nd resistance point, it is at 49.47.
Ratios To Look Out For
For context, Tapestry Inc’s Current Ratio is 6.25. Also, the Quick Ratio is 5.68, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 4.19 and price to earnings (TTM) ratio is 12.26.
