In yesterday’s Wall Street session, Tapestry Inc (NYSE:TPR) shares traded at $69.63, up 2.93% from the previous session.
TPR stock price is now 13.68% away from the 50-day moving average and 48.26% away from the 200-day moving average. The market capitalization of the company currently stands at $16.23B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $57 to $87, Barclays Upgraded its rating from Equal Weight to Overweight for Tapestry Inc (NYSE: TPR). On December 19, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $50 to quote $80, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Kahn Todd, CEO and Brand President, Coach sold 52,829 shares of the company’s stock on Nov 22 ’24. The stock was sold for $3,064,292 at an average price of $58.00. Upon completion of the transaction, the CEO and Brand President, Coach now directly owns 418,379 shares in the company, valued at $29.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, CEO and Brand President, Coach Kahn Todd sold 18,492 shares of the business’s stock. A total of $1,120,775 was realized by selling the stock at an average price of $60.61. This leaves the insider owning 322,457 shares of the company worth $22.45 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Tapestry Inc has had a low of $35.23 and a high of $69.60. As of last week, the company has a debt-to-equity ratio of 2.95, a current ratio of 4.93, and a quick ratio of 4.38. According to the stock market information, the enterprise value for the company is $17726578688, which is based on a 20.15 price-to-earnings ratio, a 2.01 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for TPR is $61.2504 and a two-hundred day moving average price translates $46.9647 for the stock.
The latest earnings results from Tapestry Inc (NYSE: TPR) was released for 2024-09-28. The net profit margin was 12.12% and return on equity was 29.92% for TPR. The company reported revenue of $1.51 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 -0.38 percent.
