Tapestry (TPR) Set to Announce Quarterly Earnings on Thursday

Tapestry (NYSE:TPR) is scheduled to be announcing its earnings results before the market opens on Thursday, August 15th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Tapestry Price Performance

Shares of NYSE TPR opened at $38.24 on Wednesday. The company has a debt-to-equity ratio of 2.77, a current ratio of 6.59 and a quick ratio of 5.98. Tapestry has a 1-year low of $25.99 and a 1-year high of $48.80. The business has a 50-day moving average of $41.05 and a 200-day moving average of $42.58. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.79 and a beta of 1.59.

Insiders Place Their Bets

In related news, VP Manesh Dadlani sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $42.23, for a total value of $105,575.00. Following the completion of the transaction, the vice president now directly owns 37,173 shares of the company’s stock, valued at $1,569,815.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Tapestry from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on Tapestry from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. UBS Group lowered their price target on shares of Tapestry from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Tapestry from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $54.00 price objective on shares of Tapestry in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Tapestry Company Profile

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 handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.