The price of Tapestry Inc (NYSE:TPR) shares last traded on Wall Street rose 4.63% to $85.13.
TPR stock price is now 23.70% away from the 50-day moving average and 70.13% away from the 200-day moving average. The market capitalization of the company currently stands at $17.62B.
On January 08, 2025, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $57 to quote $87, while ‘Jefferies’ rates the stock as ‘Buy’
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 $35.62 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 $27.45 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 $87.87. 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. According to the stock market information, the enterprise value for the company is $18600462336, which is based on a 24.71 price-to-earnings ratio, a 2.05 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for TPR is $68.335 and a two-hundred day moving average price translates $49.80925 for the stock.
The latest earnings results from Tapestry Inc (NYSE: TPR) was released for 2024-09-28. The net profit margin was 11.74% and return on equity was 39.82% 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.
