Tapestry (NYSE:TPR) Releases FY 2025 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.500-4.550 for the period, compared to the consensus estimate of 4.490. The company issued revenue guidance of $6.8 billion-, compared to the consensus revenue estimate of $6.7 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TPR shares. JPMorgan Chase & Co. raised their target price on shares of Tapestry from $51.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $54.00 price target on shares of Tapestry in a research note on Thursday, August 15th. StockNews.com lowered Tapestry from a “buy” rating to a “hold” rating in a report on Monday, October 28th. TD Cowen downgraded Tapestry from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a report on Tuesday, October 29th. Finally, UBS Group cut their price target on Tapestry from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.75.

Tapestry Price Performance

Shares of Tapestry stock opened at $49.76 on Thursday. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.75 and a beta of 1.53. The company has a quick ratio of 4.66, a current ratio of 5.14 and a debt-to-equity ratio of 2.39. The stock’s 50-day simple moving average is $44.83 and its 200-day simple moving average is $42.32. Tapestry has a 52 week low of $27.02 and a 52 week high of $51.96.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Tapestry had a return on equity of 37.22% and a net margin of 12.23%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $0.95 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Tapestry will post 4.46 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Tapestry’s dividend payout ratio is 39.89%.

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.