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.
Get Tapestry alerts: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
The company also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, September 8th. This is a boost from Tapestry's previous quarterly dividend of $0.25. Tapestry's dividend payout ratio is 37.97%.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
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Tapestry (TPR)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster's Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.com's FREE daily email newsletter.