Tapestry Inc (NYSE:TPR) price is hovering lower on Wednesday, April 17, dropping -1.19% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $40.86. The company’s P/E ratio in the trailing 12-month period read 10.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $48.80 and 52-week low of $25.99. The stock subtracted -13.53% on its value in the past month.
Tapestry Inc, which has a market valuation of $9.26 billion. The company stock has a Forward Dividend ratio of 1.35, while the dividend yield is 3.34%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TPR a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.93. The overview shows that TPR’s price is at present -9.41% off the SMA20 and -10.92% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.57, with weekly volatility standing at 2.69%. The indicator jumps to 2.55% when calculated based on the past 30 days. Tapestry Inc (NYSE:TPR)’s beta value is holding at 1.62, while the average true range (ATR) indicator is currently reading 1.24.
An analysis of the Tapestry Inc (NYSE:TPR) stock in terms of its daily trading volume indicates that the 3-month average is 3.81 million.
Current records show that the company has 229.37M in outstanding shares. The insiders’ percentage holdings are 0.35% of outstanding shares while the percentage share held by institutions stands at 92.16%. But the 9.68% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
