Tapestry Inc (TPR): A Case For Going Higher

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.

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Stocks Info

This NYSE-listed company operates within the Luxury Goods industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Tapestry Inc is $11.75B. A total of 5.44 million shares were traded on the day, compared to an average of 3.02M shares.

In the most recent transaction, Fraser Elizabeth bought 34,746 shares of TPR for 44.07 per share on Oct 24 ’24. In a previous transaction on Sep 24 ’24, Fraser Elizabeth bought 65,350 shares at 45.27 per share.

Among the insiders who sold shares, Dadlani Manesh disposed of 2,500 shares on May 24 ’24 at a per-share price of $42.23. This resulted in the VP, Controller and PAO holding 37,173 shares of TPR after the transaction.

Dividend

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 $1.40, resulting in a dividend yield of 2.77%, and it has a price to earnings (P/E) ratio of 14.40. TPR’s most recent ex-dividend date was 9/6/2024 when it declared a $0.35 quarterly dividend that was paid in cash on 9/23/2024. Previously, the company paid the dividend on 6/24/2024 with an ex-dividend date of 6/7/2024. 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. In terms of 52-week highs and lows, TPR has a high of $51.58 and a low of $25.99.

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 $12.58, 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 4.39.

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