Tapestry Inc (TPR) Is Now En Route to Higher Prices

Tapestry Inc (NYSE: TPR) is 14.10% higher on its value in year-to-date trading and has touched a low of $25.99 and a high of $46.57 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 $42.99 in the last trading session, with the day’s loss setting it -0.99%.

Currently trading at $42.00, the stock is 8.91% and 14.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.47 million and changing -2.30% at the moment leaves the stock 16.10% off its SMA200. TPR registered -2.80% loss for a year compared to 6-month gain of 21.14%. The firm has a 50-day simple moving average (SMA 50) of $1.71 and a 200-day simple moving average (SMA200) of $8.30.

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The stock witnessed a 12.03% loss in the last 1 month and extending the period to 3 months gives it a 52.95%, and is 4.97% 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 3.12% over the week and 2.65% over the month.

Tapestry Inc (TPR) has around Mar 07 2024 employees, a market worth around $9.63B and $6.73B in sales. Current P/E ratio is 10.60 and Fwd P/E is 9.16. Profit margin for the company is 13.80%. Distance from 52-week low is 61.60% and -9.81% from its 52-week high. The company has generated returns on investments over the last 12 months (7.95%).

Tapestry Inc quarterly earnings per share for the current quarter are estimated at $0.67 with sales reaching $1.5B over the same period.The EPS is expected to grow by 8.74% this year, but quarterly earnings will post 1.20% year-over-year.

Tapestry Inc (TPR) Top Institutional Holders

841 institutions hold shares in Tapestry Inc (TPR), with institutional investors hold 91.75% of the company’s shares. The shares outstanding are 229.19M, and float is at 228.34M with Short Float at 2.91%. Institutions hold 91.47% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 31.55 million shares valued at $1.33 billion. The investor’s holdings represent 13.76% of the TPR Shares outstanding. As of Sep 29, 2023, the second largest holder is Blackrock Inc. with 15.02 million shares valued at $630.9 million to account for 6.55% of the shares outstanding. The other top investors are FMR, LLC which holds 14.02 million shares representing 6.11% and valued at over $588.78 million, while State Street Corporation holds 4.06% of the shares totaling 9.32 million with a market value of $391.55 million.

Tapestry Inc (TPR) Insider Activity

A total of 43 insider transactions have happened at Tapestry Inc (TPR) in the last six months, with sales accounting for 24 and purchases happening 19 times.

Tapestry Inc (TPR): Who are the competitors?

The company’s main competitors (and peers) include Moelis & Co. (MC) that is trading 15.33% up over the past 12 months. Tapestry Inc. (TPR) that is -7.10% lower over the same period.