Tapestry Inc (NYSE: TPR) is 74.74% higher on its value in year-to-date trading and has touched a low of $32.20 and a high of $64.60 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 $64.58 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $64.32, the stock is 13.97% and 27.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.64 million and changing -0.40% at the moment leaves the stock 44.93% off its SMA200. TPR registered 96.70% gain for a year compared to 6-month gain of 49.37%. The firm has a 50-day simple moving average (SMA 50) of $49.9166 and a 200-day simple moving average (SMA200) of $44.28945.
The stock witnessed a 36.94% loss in the last 1 month and extending the period to 3 months gives it a 56.15%, and is 5.70% 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 2.32% over the week and 2.76% over the month.
Tapestry Inc (TPR) has around 18600 employees, a market worth around $14.99B and $6.67B in sales. Current P/E ratio is 18.61 and Fwd P/E is 12.79. Profit margin for the company is 12.12%. Distance from 52-week low is 99.75% and -0.43% from its 52-week high. The company has generated returns on investments over the last 12 months (7.22%).
The EPS is expected to grow by 7.59% this year.
Tapestry Inc (TPR) Top Institutional Holders
950.0 institutions hold shares in Tapestry Inc (TPR), with institutional investors hold 92.78% of the company’s shares. The shares outstanding are 233.00M, and float is at 232.15M with Short Float at 2.68%. Institutions hold 92.48% 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
The most recent transaction is an insider sale by Kahn Todd, the company’s CEO and Brand President, Coach. SEC filings show that Kahn Todd sold 52,829 shares of the company’s common stock on Nov 22 ’24 at a price of $58.00 per share for a total of $3.06 million. Following the sale, the insider now owns 0.42 million shares.
Tapestry Inc disclosed in a document filed with the SEC on Nov 25 ’24 that Kahn Todd (CEO and Brand President, Coach) sold a total of 18,492 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $60.61 per share for $1.12 million. Following the transaction, the insider now directly holds 0.32 million shares of the TPR stock.
Still, SEC filings show that on Nov 22 ’24, Howard David E (General Counsel & Secretary) disposed off 42,125 shares at an average price of $58.95 for $2.48 million. The insider now directly holds 50,186 shares of Tapestry Inc (TPR).
