At the time of writing, Tapestry Inc [TPR] stock is trading at $37.96, down -0.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The TPR shares have gain 4.60% over the last week, with a monthly amount drifted -11.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tapestry Inc [NYSE: TPR] stock has seen the most recent analyst activity on March 06, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $54 from $49. Previously, Jefferies downgraded its rating to Hold on February 29, 2024, and kept the price target unchanged to $50. On February 05, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $50 on the stock. Evercore ISI initiated its recommendation with a In-line and recommended $30 as its price target on November 07, 2023. Redburn Atlantic downgraded its rating to Neutral for this stock on September 13, 2023, but kept the price target unchanged to $33. In a note dated August 01, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $47 to $59.
For the past year, the stock price of Tapestry Inc fluctuated between $25.99 and $48.80. Currently, Wall Street analysts expect the stock to reach $53.94 within the next 12 months. Tapestry Inc [NYSE: TPR] shares were valued at $37.96 at the most recent close of the market. An investor can expect a potential return of 42.1% based on the average TPR price forecast.
Analyzing the TPR fundamentals
According to Tapestry Inc [NYSE:TPR], the company’s sales were 6.70B for trailing twelve months, which represents an -1.80% plunge. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.35 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.89.
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 37.72 points at the first support level, and at 37.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.26, and for the 2nd resistance point, it is at 38.57.
Ratios To Look Out For
It is important to note that Tapestry Inc [NYSE:TPR] has a current ratio of 6.59. On the other hand, the Quick Ratio is 5.98, and the Cash Ratio is 5.11. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 3.14 and price to earnings (TTM) ratio is 10.05.
Transactions by insiders
Recent insider trading involved Dadlani Manesh, VP, Controller and PAO, that happened on May 24 ’24 when 2500.0 shares were sold.
