While Tapestry Inc has overperformed by 0.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TPR rose by 33.38%, with highs and lows ranging from $48.80 to $25.99, whereas the simple moving average jumped by 2.86% in the last 200 days.
On March 06, 2024, Telsey Advisory Group Reiterated Tapestry Inc (NYSE: TPR) to Outperform. A report published by Jefferies on February 29, 2024, Downgraded its rating to ‘Hold’ for TPR. Evercore ISI also Upgraded TPR shares as ‘Outperform’, setting a target price of $50 on the company’s shares in a report dated February 05, 2024. Morgan Stanley Initiated an Equal-Weight rating on December 12, 2023, and assigned a price target of $38. Evercore ISI initiated its ‘In-line’ rating for TPR, as published in its report on November 07, 2023. Redburn Atlantic’s report from September 13, 2023 suggests a price prediction of $33 for TPR shares, giving the stock a ‘Neutral’ rating. Barclays also rated the stock as ‘Overweight’.
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Analysis of Tapestry Inc (TPR)
It’s important to note that TPR shareholders are currently getting $1.40 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -1.75%, showing a negative trend in the upcoming months.
Tapestry Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 31.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.66, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and TPR is registering an average volume of 2.72M. On a monthly basis, the volatility of the stock is set at 2.92%, whereas on a weekly basis, it is put at 3.15%, with a gain of 1.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.53, showing growth from the present price of $42.04, which can serve as yet another indication of whether TPR is worth investing in or should be passed over.
How Do You Analyze Tapestry Inc Shares?
A giant in the Luxury Goods market, Tapestry Inc (TPR) is based in the USA. When comparing Tapestry Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.00, there is a growth in quarterly earnings of -28.71%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 92.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TPR shares are owned by institutional investors to the tune of 92.26% at present.
