Tapestry Inc (NYSE:TPR) shares, rose in value on Friday, November 22, with the stock price up by 3.94% to the previous day’s close as strong demand from buyers drove the stock to $58.63.
Actively observing the price movement in the recent trading, the stock is buoying the session at $56.41, falling within a range of $57.875 and $59.68. The value of beta (5-year monthly) is 1.556 whereas the PE ratio is 16.96 over 12-month period. Referring to stock’s 52-week performance, its high was $58.49, and the low was $30.20. On the whole, TPR has fluctuated by 31.84% over the past month.
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With the market capitalization of Tapestry Inc currently standing at about $13.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 2.39%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.76B, with a low estimate of 2.07B and a high estimate of 2.12B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.11B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TPR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.12, with the price of TPR currently trading nearly 12.17% and 22.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.32, while the 7-day volatility ratio is showing 2.36% which for the 30-day chart, stands at 2.95%. Furthermore, Tapestry Inc (TPR)’s beta value is 1.58, and its average true range (ATR) is 1.84.
A comparison of Tapestry Inc (TPR) with its peers suggests the former has fared considerably weaker in the market. TPR showed an intraday change of 3.94% in today’s session so far, and over the past year, it grew by 92.93%%.
Data on historical trading for Tapestry Inc (NYSE:TPR) indicates that the trading volumes over the past 10 days have averaged 4.02 and over the past 3 months, they’ve averaged 3.29 million. According to company’s latest data on outstanding shares, there are 233.04 million shares outstanding.
Nearly 0.35% of Tapestry Inc’s shares belong to company insiders and institutional investors own 91.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.07 million shares as on 2024-10-31, resulting in a short ratio of 1.55. According to the data, the short interest in Tapestry Inc (TPR) stood at 253.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.44 million. The stock has risen by 59.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TPR stock heading into the next quarter.
