In yesterday’s Wall Street session, Tapestry Inc (NYSE:TPR) shares traded at $51.55, up 3.60% from the previous session.
TPR stock price is now 14.45% away from the 50-day moving average and 19.86% away from the 200-day moving average. The market capitalization of the company currently stands at $12.00B.
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With the price target maintained at $52, TD Cowen recently Downgraded its rating from Buy to Hold for Tapestry Inc (NYSE: TPR). On March 06, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $49 to quote $54, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Fraser Elizabeth, Officer bought 25,985 shares of the company’s stock on Oct 30 ’24. The stock was bought for $1,270,508 at an average price of $48.89. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24 ’24, Former Officer Fraser Elizabeth bought 34,746 shares of the business’s stock. A total of $1,531,349 was incurred on buying the stock at an average price of $44.07. 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 $27.02 and a high of $51.96. As of last week, the company has a debt-to-equity ratio of 3.03, a current ratio of 5.14, and a quick ratio of 4.66. According to the stock market information, the enterprise value for the company is $13017682944, which is based on a 14.71 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 1.56. The fifty day moving average price for TPR is $44.8262 and a two-hundred day moving average price translates $42.9394 for the stock.
The latest earnings results from Tapestry Inc (NYSE: TPR) was released for 2024-06-29. The net profit margin was 12.23% and return on equity was 31.54% for TPR. The company reported revenue of $1.59 billion for the quarter, compared to $1.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.75 percent.
