Tapestry Inc (NYSE:TPR) shares, rose in value, with the stock price down by -4.74% to the previous day’s close as strong demand from buyers drove the stock to $43.03.
Actively observing the price movement in the last trading, the stock closed the session at $45.17. The value of beta (5-year monthly) was 1.60 whereas the PE ratio was 10.86 over 12-month period. Referring to stock’s 52-week performance, its high was $48.80, and the low was $25.99. On the whole, TPR has fluctuated by -9.94% over the past month.
With the market capitalization of Tapestry Inc currently standing at about $9.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 1.35, with its dividend yield at 3.14%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.67, which is expected to increase to $1.07 for fiscal year $4.23 and then to about $4.56 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.00% in 2025, while the next year’s EPS growth is forecast to be 7.80%.
Analysts have estimated the company’s revenue for the quarter at $1.5 billion, with a low estimate of $1.49 billion and a high estimate of $1.52 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.74 billion, representing an increase of 1.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TPR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.99, with the price of TPR currently trading nearly -8.16% and -3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.66, while the 7-day volatility ratio is showing 3.40% which for the 30-day chart, stands at 2.37%. Furthermore, Tapestry Inc (TPR)’s beta value is 1.60, and its average true range (ATR) is 1.36.
A comparison of Tapestry Inc (TPR) with its peers suggests the former has fared considerably weaker in the market. TPR showed an intraday change of -4.74% in last session, and over the past year, it grew by 0.33%%.
Data on historical trading for Tapestry Inc (NYSE:TPR) indicates that the trading volumes over the past 10 days have averaged 3.27 million and over the past 3 months, they’ve averaged 3.65 million. According to company’s latest data on outstanding shares, there are 229.37 million shares outstanding.
Nearly 0.35% of Tapestry Inc’s shares belong to company insiders and institutional investors own 92.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.07 million shares as on Mar 15, 2024, resulting in a short ratio of 1.63. According to the data, the short interest in Tapestry Inc (TPR) stood at 2.65% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.43 million. The stock has risen by 16.90% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TPR stock heading into the next quarter.
