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Tapestry Inc (TPR) Stock Could Soon Reward Patient Investors

Tapestry Inc (NYSE: TPR) is 30.67% higher on its value in year-to-date trading and has touched a low of $25.99 and a high of $48.80 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 $47.48 in the last trading session, with the day’s gains setting it 0.62%.

Currently trading at $48.10, the stock is 2.34% and 8.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.18 million and changing 1.31% at the moment leaves the stock 29.57% off its SMA200. TPR registered 14.69% gain for a year compared to 6-month gain of 70.81%. The firm has a 50-day simple moving average (SMA 50) of $1.90 and a 200-day simple moving average (SMA200) of $9.21.

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The stock witnessed a 1.20% loss in the last 1 month and extending the period to 3 months gives it a 29.72%, and is 2.45% 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 2.26% over the week and 2.11% over the month.

Tapestry Inc (TPR) has around 18500 employees, a market worth around $11.03B and $6.73B in sales. Current P/E ratio is 12.14 and Fwd P/E is 10.48. Profit margin for the company is 13.80%. Distance from 52-week low is 85.07% and -1.43% 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 9.14% this year, but quarterly earnings will post 1.30% year-over-year.

Tapestry Inc (TPR) Top Institutional Holders

868 institutions hold shares in Tapestry Inc (TPR), with institutional investors hold 93.88% of the company’s shares. The shares outstanding are 229.37M, and float is at 228.57M with Short Float at 2.65%. Institutions hold 93.60% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 31.38 million shares valued at $1.34 billion. The investor’s holdings represent 13.80% of the TPR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.37 million shares valued at $700.45 million to account for 7.20% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 14.07 million shares representing 6.19% and valued at over $602.38 million, while FMR, LLC holds 6.04% of the shares totaling 13.74 million with a market value of $587.97 million.

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