Tapestry Inc (NYSE:TPR)’s traded shares stood at 3.12 million during the latest session, with the company’s beta value hitting 1.56. At the last check today, the stock’s price was $56.93, to imply an increase of 11.06% or $5.67 in intraday trading. The TPR share’s 52-week high remains $52.76, putting it 7.32% up since that peak but still an impressive 49.11% since price per share fell to its 52-week low of $28.97. The company has a valuation of $13.27B, with an average of 4.07 million shares in intraday trading volume over the past 10 days and average of 3.25 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Tapestry Inc (TPR), translating to a mean rating of 1.95. Of 16 analyst(s) looking at the stock, 0 analyst(s) give TPR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.7.

Tapestry Inc (NYSE:TPR) trade information

After registering a 11.06% upside in the latest session, Tapestry Inc (TPR) has traded red over the past five days. The 5-day price performance for the stock is 10.43%, and 25.22% over 30 days. With these gigs, the year-to-date price performance is 54.65%. Short interest in Tapestry Inc (NYSE:TPR) saw shorts transact 5.07 million shares and set a 1.55 days time to cover.

The extremes give us $39 and $67 for target low and target high price respectively. As such, TPR has been trading -17.69% off suggested target high and 31.49% from its likely low.

Tapestry Inc (TPR) estimates and forecasts

Looking at statistics comparing Tapestry Inc share performance against respective industry, we note that the company has underperformed competitors. Tapestry Inc (TPR) shares are 33.88% up over the last 6 months, with its year-to-date growth rate lower than industry average at 5.83% against 8.90%. The rating firms project that company’s revenue will grow 1.33% compared to the previous financial year.

Revenue forecast for the current quarter as set by 15 analysts is 2.11B. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 1.51B.Earnings reports from the last fiscal year show that sales brought in 2.08B and 1.48B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.20% before jumping 1.93% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 9.60% for the past 5-year period. While 2024 is set for a 6.52% return in earnings, projections for the next 5 years are at 7.00% annually.

TPR Dividends

Tapestry Inc has its next earnings report out on 2025-Feb-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Tapestry Inc has a forward dividend ratio of 1.40, with the share yield ticking at 2.46% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.06%.

Tapestry Inc (NYSE:TPR)’s Major holders

Tapestry Inc insiders hold 0.33% of total outstanding shares, with institutional holders owning 89.47% of the shares at 89.76% float percentage. In total, 89.47% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 30.67 million shares (or 13.3647% of shares), all amounting to roughly $1.31 billion.

The next major institution holding the largest number of shares is BLACKROCK INC. with 19.59 million shares, or about 8.5376% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $838.42 million.