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Tuesday, December 5, 2023

Is Tapestry Inc (NYSE: TPR) Still On The Rise?

After Hours

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. After-hours trades for Tapestry Inc (TPR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.26, or 0.86%, to $30.65. The Tapestry Inc has recorded 62,516 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Tapestry, Inc. Opens North Las Vegas Fulfillment Center.

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Stocks Info

This NYSE-listed company operates within the Luxury Goods industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $30.39 and fluctuated between $30.48 as its day high and $30.15 as its day low. The current market capitalization of Tapestry Inc is $6.97B. A total of 2.47 million shares were traded on the day, compared to an average of 3.69M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TPR has seen 11 BUY and 11 SELL insider trades, representing the acquisition of 296,087 and the disposition of 23,360 shares. Over the last 12 months, there were 13 BUYs and 29 SELLs from insiders. Insiders purchased 305,148 shares during that period but sold 128,663.

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.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Tapestry Inc pays an annual dividend of $1.38, resulting in a dividend yield of 4.55%, and it has a price to earnings (P/E) ratio of 7.74. TPR’s most recent ex-dividend date was 12/7/2023 when it declared a $0.35 quarterly dividend that was paid in cash on 12/26/2023. Previously, the company paid the dividend on 9/25/2023 with an ex-dividend date of 9/7/2023. The TPR stock dividend was $0.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TPR in the last 3 months, the mean price target is $40.53 with high estimates of $60.00 and low estimates of $29.00. In terms of 52-week highs and lows, TPR has a high of $47.48 and a low of $25.99.

As of this writing, TPR has an earnings estimate of $1.46 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.51 per share and a lower estimate of $1.44. The company reported an EPS of $0.95 in the last quarter, which was -2.10% lower than expectations of $0.97.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TPR’s latest balance sheet shows that the firm has $953.20M in Cash & Short Term Investments as of fiscal 2022. There were $3.26B in debt and $1.47B in liabilities at the time. Its Book Value Per Share was $10.54, while its Total Shareholder’s Equity was $2.29B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.56.

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