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Tuesday, March 21, 2023

There’s No Getting Around Tapestry Inc. (NYSE: TPR) Success

After Hours

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. After-hours trades for Tapestry Inc. (TPR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 0.48%, to $41.80. The Tapestry Inc. has recorded 36,886 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted kate spade new york is Making an Impact and Changing Lives.

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Stocks Info

TPR belongs to the Consumer Cyclical sector of the NYSE while operating in the Luxury Goods industry. At the end of the last regular session, the stock closed at $41.60 and fluctuated between $43.00 as its day high and $41.53 as its day low. The current market capitalization of Tapestry Inc. is $9.69B. A total of 2.74 million shares were traded on the day, compared to an average of 3.38M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TPR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 52 SELLs from insiders. Insiders purchased 791,684 shares during that period but sold 538,990.

In the most recent transaction, Dadlani Manesh sold 1,582 shares of TPR for 38.53 per share on Dec 02. After the transaction, the VP, Controller and PAO now owns 39,375 company shares. In a previous transaction on Sep 12, Dadlani Manesh sold 2,005 shares at 36.81 per share. TPR shares that VP, Controller and PAO owns now total 33,681.

Among the insiders who sold shares, Dadlani Manesh disposed of 5,602 shares on Aug 25 at a per-share price of $36.85. This resulted in the VP, Controller and PAO holding 35,686 shares of TPR after the transaction. In another insider transaction, Glaser Thomas A. sold 39,503 shares at $35.38 per share on Aug 22. Company shares held by the Chief Operations Officer now total 243,321.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Tapestry Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 2.88%, and it has a price to earnings (P/E) ratio of 12.39. TPR’s most recent ex-dividend date was 3/9/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 3/27/2023. Previously, the company paid the dividend on 12/27/2022 with an ex-dividend date of 12/8/2022. The TPR stock dividend was $0.30 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TPR in the last 3 months, the mean price target is $51.15 with high estimates of $65.00 and low estimates of $41.00. In terms of 52-week highs and lows, TPR has a high of $47.48 and a low of $26.39.

As of this writing, TPR has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.57. The company reported an EPS of $0.79 in the last quarter, which was 5.30% higher than expectations of $0.75.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.44. 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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