Tapestry Inc (NYSE: TPR) is 22.79% 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 $45.59 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $45.20, the stock is -0.25% and 6.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing -0.86% at the moment leaves the stock 7.26% off its SMA200. TPR registered 63.83% gain for a year compared to 6-month gain of 10.62%. The firm has a 50-day simple moving average (SMA 50) of $42.324 and a 200-day simple moving average (SMA200) of $42.14045.
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The stock witnessed a 4.48% loss in the last 1 month and extending the period to 3 months gives it a 6.13%, and is -0.13% 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 1.70% over the week and 2.12% over the month.
Tapestry Inc (TPR) has around 18600 employees, a market worth around $10.52B and $6.67B in sales. Current P/E ratio is 12.90 and Fwd P/E is 9.61. Profit margin for the company is 12.23%. Distance from 52-week low is 73.91% and -7.38% from its 52-week high. The company has generated returns on investments over the last 12 months (7.38%).
The EPS is expected to grow by 4.79% this year.
Tapestry Inc (TPR) Top Institutional Holders
885.0 institutions hold shares in Tapestry Inc (TPR), with institutional investors hold 91.68% of the company’s shares. The shares outstanding are 232.78M, and float is at 231.97M with Short Float at 1.91%. Institutions hold 91.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.67 million shares valued at $1.31 billion. The investor’s holdings represent 13.3647% of the TPR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.59 million shares valued at $838.42 million to account for 8.5376 of the shares outstanding. The other top investors are FMR LLC which holds 18.32 million shares representing 7.9833% and valued at over $783.98 million, while STATE STREET CORP holds 3.6614 of the shares totaling 8.4 million with a market value of $359.56 million.
Tapestry Inc (TPR) Insider Activity
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Tapestry Inc disclosed in a document filed with the SEC on May 24 ’24 that Dadlani Manesh (VP, Controller and PAO) sold a total of 2,500 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $42.23 per share for $0.11 million. Following the transaction, the insider now directly holds 37173.0 shares of the TPR stock.
