In today’s recent session, 2.23 million shares of the Tapestry Inc (NYSE:TPR) have been traded, and its beta is 1.62. Most recently the company’s share price was $39.79, and it changed around -$0.52 or -1.28% from the last close, which brings the market valuation of the company to $9.13B. TPR at last check was trading at a discount to its 52-week high of $48.80, offering almost -22.64% off that amount. The share price’s 52-week low was $25.99, which indicates that the recent value has risen by an impressive 34.68% since then. We note from Tapestry Inc’s average daily trading volume that its 3-month average coming to 3.87 million.
Tapestry Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.91. If we narrow it down even further, the data shows that 1 out of 35 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 13 recommended TPR as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Tapestry Inc is expected to report earnings per share of $0.67 for the current quarter.
Tapestry Inc (NYSE:TPR) trade information
Instantly TPR has been showing red trend so far today with a performance of -1.28% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 8.11% year-to-date, but still down -2.61% over the last five days. On the other hand, Tapestry Inc (NYSE:TPR) is -15.24% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $54.35, which translates to bulls needing to increase their stock price by 26.79% from its current value. Analyst projections state that TPR is forecast to be at a low of $39 and a high of $67.
Tapestry Inc (TPR) estimates and forecasts
Tapestry Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 41.52 percent over the past six months and at a 9.02% annual growth rate that is well above the industry average of 8.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -14.10% in revenue this quarter, and will report an increase of 7.40% in the next quarter. The year-over-year growth rate is expected to be 1.20%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $1.5 billion in revenue for the current quarter. 13 analysts expect Tapestry Inc to make $1.64 billion in revenue for the quarter ending Jun 2024. Forecasts for the next quarter put sales growth at 1.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.01%. Tapestry Inc earnings are expected to increase by 9.14% in 2024, but the outlook is positive 11.00% per year for the next five years.
TPR Dividends
Tapestry Inc’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 3.39 percent and its annual dividend per share was 1.35. It is important to note, however, that the 3.39% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
