The shares of Tapestry, Inc. (NYSE:TPR) has been pegged with a rating of Outperform by Consumer Edge Research in its latest research note that was published on February 7th, 2019. Consumer Edge Research wasnâ€™t the only research firm that published a report of Tapestry, Inc., with other equities research analysts also giving their opinion on the stock. Wolfe Research advised investors in its research note published on January 25th, 2019, to Outperform the TPR stock while also putting a $45 price target. The stock had earned Overweight rating from Atlantic Equities when it published its report on November 14th, 2018. The stock was given Neutral rating by Macquarie in its report released on November 13th, 2018, the day when the price target on the stock was placed at $49. Wolfe Research was of a view that TPR is Peer Perform in its latest report on October 31st, 2018 while giving it a price target of $45. Morgan Stanley thinks that TPR is worth Equal-Weight rating. This was contained in the firmâ€™s report on October 17th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 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 $43.34. The price of the stock the last time has raised by 6.13% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 42.75.
The shares of the company dipped by -1.00% during the trading session on Friday, reaching a low of $32.38 while ending the day at $32.57. During the trading session, a total of 4.18 million shares were traded which represents a -1.75% decline from the average session volume which is 4.11M shares. TPR had ended its last session trading at 32.90. Tapestry, Inc. currently has a market cap of $9.50B, while its P/E ratio stands at 12.75, while its P/E earnings growth sits at 1.59, with a beta of 0.75. Tapestry, Inc. debt-to-equity ratio currently stands at 0.46, while its quick ratio hovers at 1.90. TPR 52-week low price stands at $30.69 while its 52-week high price is $55.50.
The company in its last quarterly report recorded $1.07 earnings per share which is below the $1.11 predicted by most analysts. The Tapestry, Inc. generated $1,800.80 million in revenue during the last quarter, which is slightly lower than the $1,861.08 million predicted by analysts. In the second quarter last year, the firm recorded $0.48 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 55.14%. Tapestry, Inc. has the potential to record 2.55 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Needham published a research note on April 12th, 2019 where it informed investors and clients that Smartsheet Inc. (NYSE:SMAR) is now rated as Buy. Their price target on the stock stands at $45. Wolfe Research also rated SMAR as Upgrade on January 25th, 2019, with its price target of $47 suggesting that SMAR could surge by 24.01% from its current share price. Even though the stock has been trading at $38.64/share, analysts expect it to surge higher by 4.50% to reach $53.14/share. It started the day trading at $40.52 and traded between $39.46 and $40.38 throughout the trading session.
A look at its technical shows that SMARâ€™s 50-day SMA is 38.70 while its 200-day SMA stands at 29.10. At the moment, only of Smartsheet Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 1.22M shares, which means that the short-interest ratio is just 1.35 days. Over the past seven days, the company moved, with its shift of 6.18%. Looking further, the stock has raised 58.23% over the past 90 days while it gained 69.95% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. Morgan Stanley Investment Managem bought more SMAR shares, increasing its portfolio by +478.31% during the last quarter. This move now sees Morgan Stanley Investment Managem purchasing 2,389,984 shares in the last quarter, thus it now holds 2,889,658 shares of SMAR, with a total valuation of $117,869,150. Capital Research Management Co meanwhile bought more SMAR shares in the recently filed quarter, changing its stake to $116,149,525 worth of shares. Whale Rock Capital Management LLC followed the path by increasing its SMAR portfolio by +320.56% in the quarter. This means that Whale Rock Capital Management LLC bought 2,048,846 shares in the last quarter and now controls 2,687,999 shares of the SMAR stock, with the valuation hitting $109,643,479.
Similarly, JPMorgan Investment Management I increased its Smartsheet Inc. shares by +161.44% during the recently filed quarter. After buying 914,576 shares in the last quarter, the firm now controls 1,481,098 shares of Smartsheet Inc. which are valued at $60,413,987. In the same vein, Alkeon Capital Management LLC decreased its Smartsheet Inc. shares by during the most recent reported quarter. The firm sold -5,904 shares during the quarter which decreased its stakes to 1,335,203 shares and is now valued at $54,462,930. Following these latest developments, around 1.50% of Smartsheet Inc. stocks are owned by institutional investors and hedge funds.