In yesterday’s Wall Street session, Tapestry Inc (NYSE:TPR) shares traded at $39.20, up 3.27% from the previous session.
TPR stock price is now -4.49% away from the 50-day moving average and -1.32% away from the 200-day moving average. The market capitalization of the company currently stands at $9.01B.
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With the price target enhanced from $49 to $54, Telsey Advisory Group maintained Outperform rating for Tapestry Inc (NYSE: TPR). On February 29, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $50, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Dadlani Manesh, VP, Controller and PAO sold 2,500 shares of the company’s stock on May 24 ’24. The stock was sold for $105,575 at an average price of $42.23. Upon completion of the transaction, the VP, Controller and PAO now directly owns 37,173 shares in the company, valued at $1.46 million. A total of 0.35% of the company’s stock is owned by insiders.
During the past 12 months, Tapestry Inc has had a low of $25.99 and a high of $48.80. As of last week, the company has a debt-to-equity ratio of 3.34, a current ratio of 6.59, and a quick ratio of 5.98. According to the stock market information, the enterprise value for the company is $10573992960, which is based on a 10.38 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.57. The fifty day moving average price for TPR is $41.0424 and a two-hundred day moving average price translates $39.72285 for the stock.
The latest earnings results from Tapestry Inc (NYSE: TPR) was released for 2024-03-30. The net profit margin was 13.15% and return on equity was 34.96% for TPR. The company reported revenue of $1.48 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.8 percent.
