Tapestry, Inc. (TPR) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Tapestry, Inc. (TPR) is a prominent player in the luxury accessories and branded lifestyle products market, headquartered in New York. The company operates through three distinguished segments: Coach, Kate Spade, and Stuart Weitzman, offering an extensive range of products including handbags, small leather goods, and footwear. With a robust distribution network that encompasses retail and outlet locations, e-commerce platforms, and wholesale channels, Tapestry caters to a global clientele spanning North America, Greater China, and beyond. Established in 1941, Tapestry is well-positioned within the consumer cyclical sector, benefitting from an industry that generated revenues of approximately $6.67 billion in the last fiscal year.
Market Dynamics & Investment Outlook
The luxury goods sector represents a promising investment opportunity, with Tapestry leading the charge. Analysts have set a target high price of $60.00 for TPR, indicating notable growth potential from the current trading price of $42.57. This target is supported by a mean price prediction of $48.38, reflecting investors’ optimism regarding the stock’s performance. Tapestry’s recent revenue reported at $6.67 billion underlines its financial robustness and market presence. While the absence of detailed earnings before interest, taxes, depreciation, and amortization (EBITDA) data necessitates caution, the overall trend in consumer preferences moving towards high-end products bodes well for Tapestry’s growth trajectory.
Stock Performance Metrics
Tapestry holds a total of 230,220,992 outstanding shares, with a short interest of approximately 1.8%, which translates to 3,593,532 shares shorted. This moderate level of shorting indicates a balance of sentiment among investors, without an overwhelming bearish outlook. The stock price’s performance reveals resilience; it currently trades at $42.57, nestled between its fifty-two week high of $48.80 and a low of $25.99. Furthermore, the fifty-day moving average is at $40.62, suggesting that the stock sits above this benchmark, indicative of a bullish trend. With a strong buy recommendation reflecting a recommendation mean of 2.0 from 16 analysts, Tapestry’s stock presents an appealing opportunity for potential investors looking to capitalize on the evolving luxury market.
| Metric | Value |
|---|---|
| Market Cap | $9.8b |
| Total Debt | $8.8b |
| Total Cash | $7.2b |
| Shares Outstanding | 230.2m |
| Float Shares | 229.1m |
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