Best Near-Term Wealth-Building Stock Now: Tapestry, Inc. (TPR)

Wall Street analysts will be watching closely when Tapestry, Inc. (NYSE:TPR) reports its quarterly earnings next, which is scheduled for Tue 7 May (In 51 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.53 per share. In the preceding quarter, the company reportedly generated EPS of $1.07 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 14.80%, a profit margin of 12.20%67.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Tapestry, Inc. (NYSE:TPR). Most recently, on February 7th, 2019, Consumer Edge Research Upgrade a Outperform rating. Before that, on January 25th, 2019, Wolfe Research Upgrade to Outperform. Atlantic Equities Upgrade a Overweight rating on November 14th, 2018, Macquarie Initiated an Neutral rating on November 13th, 2018, and Wolfe Research Reiterated a Peer Perform rating on October 31st, 2018.

At its current price point, combined with the fact that this company has 298.08M shares outstanding, the current market capitalization sits at 9.60B. In the last trading day, 9,716,262 shares of Tapestry, Inc. were traded, which compares to its usual volume of about 3.94M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$1.34 in the past five trading days, resulting in a percentage change of -4.00% and a moving average of 33.36. In the past 20 days, its price changed by -$2.95 (which is -8.39%) and the stock’s moving average was 34.63. Looking back a full 50 days, shares of TPR changed by -$2.21 (which is -6.42%) and demonstrated a moving average of 35.64.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 9.53%, a 14-day Stochastic %K score of 7.00% and a 20-day Stochastic %K score of 7.00%. Using a similar metric, Tapestry, Inc. (TPR) shares showed a Stochastic %D of 16.00% over the past 9 days, a Stochastic %D score of 11.81% over the last 14 days, and a 20-day Stochastic %D of 11.81%. Meanwhile, this stock’s MACD Oscillator was -0.69 over the past 9 days, -1.21 over the past two weeks, and -1.57 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $32.20 level. Over the past 12 months, this stock has experienced a high price of $55.50 and a low of $31.91. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Tapestry, Inc. (NYSE:TPR) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 32,011,863 shares of the company’s stock following the addition of 2,332,840 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 11.04% stake in Tapestry, Inc. (TPR)’s shares.

Just in the most recent trading day, Tapestry, Inc. (NYSE:TPR) experienced a high price of $33.16 and low point of $32.17. At the end of the last trading session, this stock was at 32.2 per share, following a gain of $0.03, or -2.72% during the full day.