While Tapestry Inc has overperformed by 2.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TPR rose by 96.65%, with highs and lows ranging from $61.59 to $30.68, whereas the simple moving average jumped by 40.92% in the last 200 days.
On November 20, 2024, Barclays started tracking Tapestry Inc (NYSE: TPR) recommending Equal Weight. A report published by Telsey Advisory Group on November 15, 2024, Reiterated its previous ‘Outperform’ rating for TPR. TD Cowen also Downgraded TPR shares as ‘Hold’, setting a target price of $52 on the company’s shares in a report dated October 29, 2024. Telsey Advisory Group Reiterated the rating as Outperform on March 06, 2024, but set its price target from $49 to $54. Jefferies February 29, 2024d its ‘Buy’ rating to ‘Hold’ for TPR, as published in its report on February 29, 2024. Evercore ISI’s report from February 05, 2024 suggests a price prediction of $50 for TPR shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Tapestry Inc (TPR)
The current dividend for TPR investors is set at $1.40 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -0.38%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Tapestry Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 29.92% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.38, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and TPR is recording an average volume of 3.67M. On a monthly basis, the volatility of the stock is set at 2.66%, whereas on a weekly basis, it is put at 2.25%, with a gain of 10.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $61.33, showing decline from the present price of $62.28, 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?
Tapestry Inc (TPR) is based in the USA and is one of the most prominent companies operating in the Luxury Goods market. 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 18.02, there is a growth in quarterly earnings of -5.69%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.36%. 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 91.20% 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 91.20% at present.
