A share price of Tapestry Inc [TPR] is currently trading at $45.40, up 2.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TPR shares have gain 4.90% over the last week, with a monthly amount glided 8.98%, and 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.
Tapestry Inc experienced fluctuations in its stock price throughout the past year between $25.99 and $48.80. Currently, Wall Street analysts expect the stock to reach $53.61 within the next 12 months. Tapestry Inc [NYSE: TPR] shares were valued at $45.40 at the most recent close of the market. An investor can expect a potential return of 18.08% based on the average TPR price forecast.
Analyzing the TPR fundamentals
Trailing Twelve Months sales for Tapestry Inc [NYSE:TPR] were 6.67B which represents -1.75% decline. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.3 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.6.
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 44.86 points at the first support level, and at 44.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.88, and for the 2nd resistance point, it is at 46.35.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tapestry Inc [NYSE:TPR] is 5.14. Further, the Quick Ratio stands at 4.66, while the Cash Ratio is 3.59. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 3.61 and price to earnings (TTM) ratio is 12.96.
Transactions by insiders
Recent insider trading involved Fraser Elizabeth, Former Officer, that happened on Sep 24 ’24 when 65350.0 shares were purchased. VP, Controller and PAO, Dadlani Manesh completed a deal on May 24 ’24 to sell 2500.0 shares.
