The shares of Tapestry, Inc. (NYSE:TPR) has been pegged with a rating of Overweight by Atlantic Equities in its latest research note that was published on November 14th, 2018. Atlantic Equities wasn’t the only research firm that published a report of Tapestry, Inc., with other equities research analysts also giving their opinion on the stock. Macquarie advised investors in its research note published on November 13th, 2018, to Neutral the TPR stock while also putting a $49 price target. The stock had earned Peer Perform rating from Wolfe Research when it published its report on October 31st, 2018. That day the Wolfe Research set price target on the stock to $45. The stock was given Equal-Weight rating by Morgan Stanley in its report released on October 17th, 2018. Needham was of a view that TPR is Buy in its latest report on October 16th, 2018 while giving it a price target of $50. Loop Capital thinks that TPR is worth Hold rating. This was contained in the firm’s report on October 15th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 12 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $52.03. The price of the stock the last time has raised by 13.49% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 52.72.
The shares of the company added by 0.66% during the trading session on Friday, reaching a low of $35.915 while ending the day at $36.35. During the trading session, a total of 2.43 million shares were traded which represents a 39.73% incline from the average session volume which is 4.03M shares. TPR had ended its last session trading at 36.11. Tapestry, Inc. currently has a market cap of $10.46B, while its P/E ratio stands at 14.92, while its P/E earnings growth sits at 1.75, with a beta of 0.71. Tapestry, Inc. debt-to-equity ratio currently stands at 0.48, while its quick ratio hovers at 1.80. TPR 52-week low price stands at $32.03 while its 52-week high price is $55.50.
The company in its last quarterly report recorded $0.48 earnings per share which is above the $0.45 predicted by most analysts. The Tapestry, Inc. generated $1,381.20 million in revenue during the last quarter, which is slightly higher than the $1,355.13 million predicted by analysts. In the second quarter last year, the firm recorded $0.60 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -25%. Tapestry, Inc. has the potential to record 2.44 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on January 4th, 2019 where it informed investors and clients that Maxim Integrated Products, Inc. (NASDAQ:MXIM) is now rated as Neutral. Macquarie also rated MXIM as Initiated on November 13th, 2018, with its price target of $5.25 suggesting that MXIM could surge by 4.84% from its current share price. Even though the stock has been trading at $51.72/share, analysts expect it to surge higher by 2.20% to reach $55.55/share. It started the day trading at $53.175 and traded between $51.25 and $52.86 throughout the trading session.
A look at its technical shows that MXIM’s 50-day SMA is 52.03 while its 200-day SMA stands at 56.69. The stock has a high of $74.94 for the year while the low is $46.64. The company’s P/E ratio currently sits at 19.70, while the P/B ratio is 7.68. The company’s average trading volume currently stands at 4.34M shares, which means that the short-interest ratio is just 3.05 days. Over the past seven days, the company moved, with its shift of 5.59%. Looking further, the stock has raised 4.10% over the past 90 days while it lost -13.32% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc bought more MXIM shares, increasing its portfolio by +7.31% during the last quarter. This move now sees T Rowe Price Associates Inc purchasing 2,358,773 shares in the last quarter, thus it now holds 34,617,631 shares of MXIM, with a total valuation of $1,760,306,536. The Vanguard Group Inc meanwhile bought more MXIM shares in the recently filed quarter, changing its stake to $1,411,579,016 worth of shares. BlackRock Fund Advisors followed the path by increasing its MXIM portfolio by +1.35% in the quarter. This means that BlackRock Fund Advisors bought 200,908 shares in the last quarter and now controls 15,130,381 shares of the MXIM stock, with the valuation hitting $769,379,874.
Similarly, Wellington Management Co LLP decreased its Maxim Integrated Products, Inc. shares by -4.97% during the recently filed quarter. After selling -537,316 shares in the last quarter, the firm now controls 10,276,232 shares of Maxim Integrated Products, Inc. which are valued at $522,546,397. In the same vein, Dodge Cox decreased its Maxim Integrated Products, Inc. shares by during the most recent reported quarter. The firm sold -77,050 shares during the quarter which decreased its stakes to 9,018,180 shares and is now valued at $458,574,453. Following these latest developments, around 0.30% of Maxim Integrated Products, Inc. stocks are owned by institutional investors and hedge funds.