Tapestry (NYSE:TPR – Get Rating) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $5.00- for the period. The company issued revenue guidance of $8.00 billion-$8.00 billion.

Tapestry Stock Performance

Shares of Tapestry stock opened at $29.66 on Monday. The company has a market capitalization of $7.15 billion, a PE ratio of 9.39, a PEG ratio of 0.62 and a beta of 1.32. Tapestry has a 12 month low of $26.39 and a 12 month high of $47.05. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.73. The stock's fifty day simple moving average is $34.33 and its 200 day simple moving average is $33.72.

Tapestry (NYSE:TPR – Get Rating) last released its earnings results on Thursday, August 18th. The luxury accessories retailer reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The firm had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.64 billion. Tapestry had a return on equity of 34.37% and a net margin of 12.81%. The company's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. On average, research analysts predict that Tapestry will post 3.85 EPS for the current year.

Tapestry Increases Dividend

Wall Street Analyst Weigh In

A number of research firms have issued reports on TPR. Wells Fargo & Company lowered their target price on Tapestry from $45.00 to $40.00 and set an overweight rating for the company in a report on Thursday, July 7th. Evercore ISI raised their price objective on Tapestry to $55.00 in a report on Monday, August 22nd. StockNews.com cut Tapestry from a buy rating to a hold rating in a report on Friday. Barclays raised their price objective on Tapestry from $39.00 to $43.00 and gave the company an overweight rating in a report on Monday, August 22nd. Finally, BTIG Research decreased their price objective on Tapestry from $53.00 to $48.00 and set a buy rating for the company in a report on Thursday, July 21st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $47.44.

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 2,005 shares of the firm's stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $36.81, for a total transaction of $73,804.05. Following the completion of the sale, the vice president now directly owns 33,681 shares in the company, valued at $1,239,797.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Thomas A. Glaser sold 39,503 shares of Tapestry stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $35.38, for a total value of $1,397,616.14. Following the completion of the sale, the insider now directly owns 243,321 shares in the company, valued at $8,608,696.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Manesh Dadlani sold 2,005 shares of Tapestry stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $36.81, for a total transaction of $73,804.05. Following the completion of the sale, the vice president now owns 33,681 shares of the company's stock, valued at $1,239,797.61. The disclosure for this sale can be found here. Insiders sold 47,110 shares of company stock worth $1,677,854 over the last three months. Insiders own 0.73% of the company's stock.

Institutional Investors Weigh In On Tapestry

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its position in Tapestry by 340.7% during the first quarter. Brown Brothers Harriman & Co. now owns 661 shares of the luxury accessories retailer's stock valued at $25,000 after purchasing an additional 511 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Tapestry by 955.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,098 shares of the luxury accessories retailer's stock valued at $41,000 after purchasing an additional 994 shares in the last quarter. Zions Bancorporation N.A. raised its position in Tapestry by 9,680.0% during the first quarter. Zions Bancorporation N.A. now owns 1,956 shares of the luxury accessories retailer's stock valued at $73,000 after purchasing an additional 1,936 shares in the last quarter. Covestor Ltd raised its position in Tapestry by 79.7% during the first quarter. Covestor Ltd now owns 1,951 shares of the luxury accessories retailer's stock valued at $73,000 after purchasing an additional 865 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in Tapestry by 17.2% during the first quarter. Mackenzie Financial Corp now owns 7,778 shares of the luxury accessories retailer's stock valued at $289,000 after purchasing an additional 1,144 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Company Profile

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Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms.

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