Tapestry (NYSE:TPR) Releases Earnings Results

Tapestry (NYSE:TPR) announced its quarterly earnings data on Thursday. The luxury accessories retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.30, Zacks reports. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. During the same quarter last year, the firm posted $1.63 EPS. Tapestry updated its FY 2025 guidance to 4.850-4.900 EPS.

Tapestry Stock Down 2.3 %

NYSE:TPR opened at $80.28 on Friday. Tapestry has a 1 year low of $35.23 and a 1 year high of $87.87. The stock has a 50-day moving average price of $68.08 and a two-hundred day moving average price of $53.27. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.30 and a beta of 1.58. The company has a current ratio of 1.58, a quick ratio of 4.38 and a debt-to-equity ratio of 1.78.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Thursday, March 6th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, March 6th. Tapestry’s payout ratio is presently 40.58%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James reiterated an “outperform” rating and set a $88.00 target price (up from $79.00) on shares of Tapestry in a research report on Friday. StockNews.com upgraded Tapestry from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird raised their target price on Tapestry from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. UBS Group boosted their price target on Tapestry from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Evercore ISI increased their price objective on Tapestry from $68.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.17.

Insider Activity at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of Tapestry stock in a transaction that occurred 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 transaction, the vice president now owns 35,003 shares of the company’s stock, valued at approximately $2,028,773.88. The trade was a 20.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.18% of the stock is owned by 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.