Tapestry Inc (NYSE:TPR) shares, rose in value on Wednesday, January 22, with the stock price down by -0.96% to the previous day’s close as strong demand from buyers drove the stock to $73.34.
Actively observing the price movement in the last trading, the stock closed the session at $74.05, falling within a range of $73.215 and $74.54. The value of beta (5-year monthly) was 1.556 whereas the PE ratio was 21.22 over 12-month period. Referring to stock’s 52-week performance, its high was $74.25, and the low was $35.23. On the whole, TPR has fluctuated by 18.14% over the past month.
With the market capitalization of Tapestry Inc currently standing at about $17.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 1.91%.
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 8.58% and 17.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.63, while the 7-day volatility ratio is showing 2.77% which for the 30-day chart, stands at 2.42%. Furthermore, Tapestry Inc (TPR)’s beta value is 1.61, and its average true range (ATR) is 1.87.
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 -0.96% in last session, and over the past year, it grew by 100.16%%.
Data on historical trading for Tapestry Inc (NYSE:TPR) indicates that the trading volumes over the past 10 days have averaged 4.41 and over the past 3 months, they’ve averaged 4.91 million. According to company’s latest data on outstanding shares, there are 233.00 million shares outstanding.
Nearly 0.38% of Tapestry Inc’s shares belong to company insiders and institutional investors own 91.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.19 million shares as on 2024-12-31, resulting in a short ratio of 4.35. According to the data, the short interest in Tapestry Inc (TPR) stood at 1105.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 22.73 million. The stock has risen by 12.26% 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.
