In Tuesday’s Wall Street session, Tapestry Inc (NYSE:TPR) shares traded at $84.03, down -0.43% from the previous session.
TPR stock price is now 15.79% away from the 50-day moving average and 61.86% away from the 200-day moving average. The market capitalization of the company currently stands at $17.40B.
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With the price target maintained at $110, Redburn Atlantic recently Upgraded its rating from Neutral to Buy for Tapestry Inc (NYSE: TPR). , while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Leonard Todd Kahn, Officer bought 21,107 shares of the company’s stock on Feb 25 ’25. The stock was bought for $1,773,621 at an average price of $84.03. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, CFO and COO Roe Scott A. sold 25,727 shares of the business’s stock. A total of $2,227,043 was realized by selling the stock at an average price of $86.56. This leaves the insider owning 146,587 shares of the company worth $12.32 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 $90.85. As of last week, the company has a debt-to-equity ratio of 3.07, a current ratio of 1.58, and a quick ratio of 1.05.
The net profit margin was 11.74% and return on equity was 39.82% for TPR. The company reported revenue of $2.2 billion for the quarter, compared to $2.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.32 percent.
