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Tapestry stock price dips, analysts project growth for next fiscal year

EditorHari G
Published 09/14/2023, 11:29 AM
© Reuters.

Tapestry Inc. (NYSE:TPR) closed at $30.55 on Thursday, marking a 3.08% decrease from the previous closing price of $31.52. The company's stock saw its highest trading level at $31.41 and its lowest at $30.43 during the session, with 4,515,084 shares traded.

The luxury fashion company's Price-to-Earnings (P/E) ratio for their current fiscal year is 7.88, and their Forward P/E ratio for the next fiscal year is projected at 6.77. Its Price-to-Sale (P/S) ratio for the trailing 12 months (TTM) is 1.04 while its Price-to-Book (P/B) ratio in the most recent quarter is 3.09.

In terms of valuation measures, Tapestry now has a Market Capitalization of $6.95B and an Enterprise Value of $9.50B. The firm's Debt-to-Equity ratio is 0.73 and its Long-Term Debt/Eq ratio stands at 0.72.

On December 02, an insider transaction occurred when Dadlani Manesh sold 1,582 shares for $38.53 per share, leading to the insider holding 39,375 shares of the business.

In terms of dividends, TPR has a forward annual dividend rate of 1.40 against a Trailing Annual Dividend Yield of 3.81%, implying a Forward Annual Dividend Yield of 4.41%. The company last paid a dividend on September 24, with an ex-dividend date of September 06.

Analysts predict an EPS of between $4.2 and $4.1 for the current fiscal year, implying an average EPS of $4.13. EPS for the following year is projected at $4.5, with 16 analysts recommending between $4.75 and $4.35.

Revenue estimates for the current quarter are expected to reach $90B, according to 12 analysts. For TPR's current fiscal year, the highest revenue estimate was $6.94B, while the lowest revenue estimate was $6.83B, resulting in an average revenue estimate of $6.88B.

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Over the past 52 weeks, TPR has reached a high of $47.48 and a low of $27.53. The 50-Day Moving Average of the stock is 38.21, while the 200-Day Moving Average is calculated to be 40.64.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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