715 institutions hold shares in Tapestry Inc. (TPR), with 691.82k shares held by insiders accounting for 0.25% while institutional investors hold 90.89% of the company’s shares. The shares outstanding are 277.50M, and float is at 277.14M with Short Float at 3.25%. Institutions hold 90.66% of the Float.
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The top institutional shareholder in the company is FMR, LLC with over 30.28 million shares valued at $941.11 million. The investor’s holdings represent 10.90% of the TPR Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 28.44 million shares valued at $883.81 million to account for 10.23% of the shares outstanding. The other top investors are Blackrock Inc. which holds 22.85 million shares representing 8.23% and valued at over $710.27 million, while State Street Corporation holds 3.76% of the shares totaling 10.44 million with a market value of $324.61 million.
Tapestry Inc. (NYSE: TPR) is 38.64% higher on its value in year-to-date trading and has touched a low of $11.51 and a high of $46.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TPR stock was last observed hovering at around $42.86 in the last trading session, with the day’s gains setting it 0.23% off its average median price target of $45.15 for the next 12 months. It is also 20.2% off the consensus price target high of $54.00 offered by 28 analysts, but current levels are -26.74% lower than the price target low of $34.00 for the same period.
Currently trading at $43.09, the stock is 0.38% and 7.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.47 million and changing 0.54% at the moment leaves the stock 67.49% off its SMA200. TPR registered 230.44% gain for a year compared to 6-month gain of 153.92%. The firm has a 50-day simple moving average (SMA 50) of $42.06 and a 200-day simple moving average (SMA200) of $30.81.
The stock witnessed a -1.96% loss in the last 1 month and extending the period to 3 months gives it a 32.50%, and is 5.23% up 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 3.32% over the week and 4.22% over the month.
Tapestry Inc. (TPR) has around 9200 employees, a market worth around $12.02B and $4.65B in sales. Fwd P/E is 14.94. Profit margin for the company is -9.20%. Distance from 52-week low is 274.37% and -7.17% 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 08/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.3 with sales reaching $1.2B over the same period.The EPS is expected to shrink by -207.70% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 12.20% in year-over-year returns.
Tapestry Inc. (TPR) Insider Activity
A total of 31 insider transactions have happened at Tapestry Inc. (TPR) in the last six months, with sales accounting for 16 and purchases happening 15 times. The most recent transaction is an insider sale by Long Annabelle Yu, the company’s Director. SEC filings show that Long Annabelle Yu sold 5,304 shares of the company’s common stock on Mar 10 at a price of $44.07 per share for a total of $0.23 million. Following the sale, the insider now owns 26355.0 shares.
Tapestry Inc. disclosed in a document filed with the SEC on Mar 09 that Menezes Ivan (Director) sold a total of 5,438 shares of the company’s common stock. The trade occurred on Mar 09 and was made at $43.04 per share for $0.23 million. Following the transaction, the insider now directly holds 42962.0 shares of the TPR stock.
Still, SEC filings show that on Feb 24, Dadlani Manesh (VP, Controller and PAO) disposed off 164 shares at an average price of $41.47 for $6801.0. The insider now directly holds 19,753 shares of Tapestry Inc. (TPR).
Tapestry Inc. (TPR): Who are the competitors?
The company’s main competitors (and peers) include The Estee Lauder Companies Inc. (EL) that is trading 83.88% up over the past 12 months. Fossil Group Inc. (FOSL) is 266.08% up on the 1-year trading charts. Short interest in the company’s stock has fallen -11.94% from the last report on Mar 14, 2021 to stand at a total of 9.0 million short shares sold with a short interest ratio of 2.07.