Tapestry (NYSE:TPR) Releases FY 2025 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 4.450-4.500 for the period, compared to the consensus EPS estimate of 4.490. The company issued revenue guidance of $6.7 billion-$6.7 billion, compared to the consensus revenue estimate of $6.8 billion.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird reduced their target price on Tapestry from $52.00 to $50.00 and set an outperform rating on the stock in a research note on Friday, May 10th. UBS Group decreased their price objective on shares of Tapestry from $42.00 to $40.00 and set a neutral rating for the company in a report on Friday. Bernstein Bank boosted their price target on shares of Tapestry from $46.00 to $48.00 in a research report on Thursday, May 9th. Wells Fargo & Company lowered their price objective on shares of Tapestry from $52.00 to $50.00 and set an overweight rating for the company in a report on Friday. Finally, StockNews.com upgraded Tapestry from a hold rating to a buy rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $47.00.

Tapestry Trading Up 3.0 %

TPR opened at $40.39 on Friday. The company has a quick ratio of 5.98, a current ratio of 6.59 and a debt-to-equity ratio of 2.77. The stock’s fifty day moving average is $40.79 and its two-hundred day moving average is $42.53. The company has a market capitalization of $9.28 billion, a P/E ratio of 10.69, a PEG ratio of 0.79 and a beta of 1.59. Tapestry has a 52 week low of $25.99 and a 52 week high of $48.80.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.04. Tapestry had a net margin of 13.15% and a return on equity of 39.78%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $0.95 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts forecast that Tapestry will post 4.24 earnings per share for the current year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, September 6th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, September 6th. Tapestry’s payout ratio is 37.04%.

Insider Buying and Selling

In related news, VP Manesh Dadlani sold 2,500 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $42.23, for a total transaction of $105,575.00. Following the transaction, the vice president now directly owns 37,173 shares in the company, valued at approximately $1,569,815.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.93% of the stock is currently owned by company insiders.

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.