Is Tapestry Inc. (TPR) a good stock to buy now?

Tapestry Inc. (NYSE: TPR) is 9.49% higher on its value in year-to-date trading and has touched a low of $10.18 and a high of $35.45 in the current 52-week trading range. The TPR stock was last observed hovering at around $35.34 in the last trading session, with the day’s loss setting it -1.31% off its average median price target of $35.00 for the next 12 months. It is also 17.0% off the consensus price target high of $41.00 offered by 28 analysts, but current levels are -62.05% lower than the price target low of $21.00 for the same period.

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Currently trading at $34.03, the stock is 8.02% and 17.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.36 million and changing -3.71% at the moment leaves the stock 82.87% off its SMA200. TPR registered 18.86% gain for a year compared to 6-month gain of 142.72%. The firm has a 50-day simple moving average (SMA 50) of $30.62 and a 200-day simple moving average (SMA200) of $20.64.

The stock witnessed a 16.02% loss in the last 1 month and extending the period to 3 months gives it a 79.86%, and is -0.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.71% over the week and 3.70% over the month.

Tapestry Inc. (TPR) has around 9200 employees, a market worth around $9.62B and $4.78B in sales. Fwd P/E is 13.00. Profit margin for the company is -9.20%. Distance from 52-week low is 234.28% and -4.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.60%).

Tapestry Inc. (TPR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Tapestry Inc. (TPR) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.30, where 12 rate it as a Hold and 3 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Tapestry Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $1.62B over the same period.The EPS is expected to shrink by -207.70% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to shrink -11.00% in year-over-year returns.

Tapestry Inc. (TPR) Top Institutional Holders

637 institutions hold shares in Tapestry Inc. (TPR), with 657.45k shares held by insiders accounting for 0.24% while institutional investors hold 89.96% of the company’s shares. The shares outstanding are 276.80M, and float is at 276.75M with Short Float at 2.73%. Institutions hold 89.75% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 28.31 million shares valued at $442.46 million. The investor’s holdings represent 10.20% of the TPR Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 25.35 million shares valued at $396.3 million to account for 9.14% of the shares outstanding. The other top investors are Blackrock Inc. which holds 22.42 million shares representing 8.08% and valued at over $350.49 million, while State Street Corporation holds 4.13% of the shares totaling 11.45 million with a market value of $178.94 million.

Tapestry Inc. (TPR) Insider Activity

A total of 50 insider transactions have happened at Tapestry Inc. (TPR) in the last six months, with sales accounting for 22 and purchases happening 28 times. The most recent transaction is an insider purchase by BILBREY JOHN P, the company’s Director. SEC filings show that BILBREY JOHN P bought 12,980 shares of the company’s common stock on Aug 19 at a price of $15.27 per share for a total of $0.2 million. Following the purchase, the insider now owns 33756.0 shares.

Tapestry Inc. disclosed in a document filed with the SEC on Jun 11 that BILBREY JOHN P (Director) bought a total of 7,100 shares of the company’s common stock. The trade occurred on Jun 11 and was made at $14.12 per share for $0.1 million. Following the transaction, the insider now directly holds 20776.0 shares of the TPR stock.

Still, SEC filings show that on Jun 09, BILBREY JOHN P (Director) acquired 8,800 shares at an average price of $17.02 for $0.15 million. The insider now directly holds 13,676 shares of Tapestry Inc. (TPR).

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Tapestry Inc. (TPR): Who are the competitors?

The company’s main competitors (and peers) include The Estee Lauder Companies Inc. (EL) that is trading 18.99% up over the past 12 months. Fossil Group Inc. (FOSL) is 25.76% up on the 1-year trading charts. Short interest in the company’s stock has fallen -62.28% from the last report on Nov 29, 2020 to stand at a total of 11.1 million short shares sold with a short interest ratio of 1.67.

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