Tapestry (NYSE:TPR) Releases Earnings Results, Beats Expectations By $0.30 EPS

Tapestry (NYSE:TPR) posted its earnings results on Thursday. The luxury accessories retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.30, Zacks reports. Tapestry had a net margin of 12.12% and a return on equity of 36.26%. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Tapestry updated its FY 2025 guidance to 4.850-4.900 EPS.

Tapestry Trading Up 11.8 %

Shares of NYSE TPR traded up $8.69 during midday trading on Thursday, reaching $82.07. The stock had a trading volume of 15,055,662 shares, compared to its average volume of 4,948,286. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58. Tapestry has a twelve month low of $35.23 and a twelve month high of $87.87. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93. The company’s 50 day moving average price is $67.29 and its 200 day moving average price is $52.80.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TPR shares. The Goldman Sachs Group raised their price target on shares of Tapestry from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on shares of Tapestry from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Guggenheim raised their price target on shares of Tapestry from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Tapestry in a research report on Tuesday, January 21st. Finally, Daiwa America raised shares of Tapestry to a “hold” rating in a report on Monday, November 18th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.28.

Insider Activity

In other news, VP Manesh Dadlani sold 8,872 shares of Tapestry stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the completion of the sale, the vice president now owns 35,003 shares in the company, valued at $2,028,773.88. The trade was a 20.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.18% of the stock is currently owned by company insiders.

About Tapestry

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.