Tapestry Inc (NYSE:TPR) shares, rose in value on Wednesday, May 07, with the stock price up by 1.96% to the previous day’s close as strong demand from buyers drove the stock to $74.75.
Actively observing the price movement in the last trading, the stock closed the session at $73.31. The PE ratio was 21.70 over 12-month period. Referring to stock’s 52-week performance, its high was $90.85, and the low was $35.23. On the whole, TPR has fluctuated by 18.67% over the past month.
With the market capitalization of Tapestry Inc currently standing at about $15.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 1.87%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TPR’s technical picture suggests that short-term indicators denote the stock is a Hold 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 1.91, with the price of TPR currently trading nearly 10.31% and 4.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.04, while the 7-day volatility ratio is showing 2.56% which for the 30-day chart, stands at 4.60%. Furthermore, Tapestry Inc (TPR)’s beta value is 1.47, and its average true range (ATR) is 2.94.
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 1.96% in last session, and over the past year, it grew by 90.49%%.
Data on historical trading for Tapestry Inc (NYSE:TPR) indicates that the trading volumes over the past 3 months, they’ve averaged 5.97 million. According to company’s latest data on outstanding shares, there are 206.90 million shares outstanding.
Nearly 0.42% of Tapestry Inc’s shares belong to company insiders and institutional investors own 103.15% of the company’s shares. The stock has risen by 14.42% 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.
