Tapestry Inc [TPR] stock is trading at $51.55, up 3.60%. 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 8.64% over the last week, with a monthly amount glided 15.04%, 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 October 29, 2024, when TD Cowen downgraded its rating to a Hold but kept the price target unchanged to $52 for it. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 06, 2024, and elevated its price target to $54. On February 29, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $50 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $50 on February 05, 2024. Evercore ISI started tracking with a In-line rating for this stock on November 07, 2023, and assigned it a price target of $30. In a note dated September 13, 2023, Redburn Atlantic downgraded an Neutral rating on this stock but restated the target price of $33.
Tapestry Inc [TPR] stock has fluctuated between $27.02 and $51.96 over the past year. Currently, Wall Street analysts expect the stock to reach $53.68 within the next 12 months. Tapestry Inc [NYSE: TPR] shares were valued at $51.55 at the most recent close of the market. An investor can expect a potential return of 4.13% based on the average TPR price forecast.
Analyzing the TPR fundamentals
Tapestry Inc [NYSE:TPR] reported sales of 6.67B for the trailing twelve months, which represents a drop of -1.75%. Gross Profit Margin for this corporation currently stands at 0.72% 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 0.29 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.95.
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 51.03 points at the first support level, and at 50.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.28, and for the 2nd resistance point, it is at 53.02.
Ratios To Look Out For
For context, Tapestry Inc’s Current Ratio is 5.14. Further, the Quick Ratio stands at 4.66, while the Cash Ratio is 3.49. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 4.10 and price to earnings (TTM) ratio is 14.71.
Transactions by insiders
Recent insider trading involved Fraser Elizabeth, Officer, that happened on Oct 30 ’24 when 25985.0 shares were purchased. Former Officer, Fraser Elizabeth completed a deal on Oct 24 ’24 to buy 34746.0 shares. Meanwhile, Former Officer Fraser Elizabeth bought 65350.0 shares on Sep 24 ’24.
