Before You Invest In Tapestry Inc (NYSE:TPR), Consider This Metric

In yesterday’s Wall Street session, Tapestry Inc (NYSE:TPR) shares traded at $30.88, up 1.21% from the previous session.

As of this writing, 21 analysts cover Tapestry Inc (NYSE:TPR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $29.00, we find $40.00. Given the previous closing price of $30.51, this indicates a potential upside of 31.1 percent. TPR stock price is now 7.33% away from the 50-day moving average and -19.12% away from the 200-day moving average. The market capitalization of the company currently stands at $7.08B.

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There are 6 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $40.53 as their price target over the next twelve months.

With the price target of $30, Evercore ISI recently initiated with In-line rating for Tapestry Inc (NYSE: TPR).

In other news, Dadlani Manesh, VP, Controller and PAO sold 1,582 shares of the company’s stock on Dec 02. The stock was sold for $60,954 at an average price of $38.53. Upon completion of the transaction, the VP, Controller and PAO now directly owns 39,375 shares in the company, valued at $1.22 million. Insiders disposed of 128,663 shares of company stock worth roughly $3.97 million over the past 1 year. A total of 0.37% of the company’s stock is owned by insiders.

Wednesday morning saw Tapestry Inc (NYSE: TPR) opened at $30.90. During the past 12 months, Tapestry Inc has had a low of $25.99 and a high of $47.48. As of last week, the company has a debt-to-equity ratio of 1.34, a current ratio of 2.02, and a quick ratio of 1.23. According to the stock market information, the enterprise value for the company is $9.69B, which is based on a 7.87 price-to-earnings ratio, a 0.72 price-to-earnings-growth ratio, and a beta of 1.51. The fifty day moving average price for TPR is $28.74 and a two-hundred day moving average price translates $38.10 for the stock.

The latest earnings results from Tapestry Inc (NYSE: TPR) was released for Sep, 2023. According to the Luxury Goods Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.9 by 0.03. This compares to $0.79 EPS in the same period last year. The net profit margin was 14.03% and return on equity was 40.06% 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 rose 0.44 percent. For the current quarter, analysts expect TPR to generate $2.05B in revenue.

Tapestry Inc(TPR) Company Profile

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms. The company also provides men products, which includes bag collections, such as business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods including wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear items. In addition, it offers other products including women’s footwear and fragrances; eyewear and sunglasses; and jewelry, such as bracelets, necklaces, rings, and earrings, watches, and other women’s seasonal lifestyle apparel collections, including outerwear, ready-to-wear and cold weather accessories, such as gloves, scarves, and hats. Further, the company provides kids items, housewares, and home accessories, such as fashion bedding and tableware, stationery, and gifts. It offers its products through e-commerce sites and concession shop-in-shops, wholesale, and third-party distributors under the Coach, Kate Spade, and Stuart Weitzman brand names. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.

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