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Friday, December 2, 2022

Tapestry Inc. (NYSE: TPR) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Tapestry Inc. (TPR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.01, or -6.29%, to $29.95. Volume reached 105,913 shares, with price reaching a high of $31.195 and a low of $30.95. Yahoo Finance discussed the stock recently as it posted kate spade new york’s Senior Director of Social Impact, Taryn Bird, to Speak at SB’22 San Diego.

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Stocks Info

Tapestry Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Luxury Goods industry. At the end of the last regular session, the stock closed at $30.95 and fluctuated between $32.02 as its day high and $30.72 as its day low. The current market capitalization of Tapestry Inc. is $7.62B. A total of 4.83 million shares were traded on the day, compared to an average of 3.48M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TPR has seen 17 BUY and 42 SELL insider trades, representing the acquisition of 567,406 and the disposition of 426,840 shares. Over the last 12 months, there were 31 BUYs and 54 SELLs from insiders. Insiders purchased 663,359 shares during that period but sold 544,931.

In the most recent transaction, Dadlani Manesh sold 2,005 shares of TPR for 36.81 per share on Sep 12. After the transaction, the VP, Controller and PAO now owns 33,681 company shares. In a previous transaction on Aug 25, Dadlani Manesh sold 5,602 shares at 36.85 per share. TPR shares that VP, Controller and PAO owns now total 35,686.

Among the insiders who sold shares, Glaser Thomas A. disposed of 39,503 shares on Aug 22 at a per-share price of $35.38. This resulted in the Chief Operations Officer holding 243,321 shares of TPR after the transaction. In another insider transaction, Crevoiserat Joanne C. bought 5,700 shares at $34.60 per share on Mar 11. Company shares held by the Chief Executive Officer now total 251,911.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Tapestry Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 3.88%, and it has a price to earnings (P/E) ratio of 9.82. TPR’s most recent ex-dividend date was 03/05/2020 when it declared a $0.3375 quarterly dividend that was paid in cash on 03/30/2020. Previously, the company paid the dividend on 12/30/2019 with an ex-dividend date of 12/05/2019. The dividend was $0.3375 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for TPR in the last 3 months, the mean price target is $45.80 with high estimates of $60.00 and low estimates of $36.00. In terms of 52-week highs and lows, TPR has a high of $47.05 and a low of $26.39.

As of this writing, TPR has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.7.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TPR is Sell with a score of 4.60. A total of 12 analysts rated the stock as Buy while 5 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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