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 4.850-4.900 for the period, compared to the consensus EPS estimate of 4.660. The company issued revenue guidance of $6.9 billion-, compared to the consensus revenue estimate of $6.8 billion.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TPR. Robert W. Baird raised their price target on Tapestry from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Citigroup increased their target price on shares of Tapestry from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of Tapestry from $72.00 to $98.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group increased their price objective on Tapestry from $74.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Guggenheim boosted their target price on Tapestry from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and a consensus target price of $73.17.

Tapestry Stock Performance

NYSE TPR opened at $80.28 on Friday. The company has a 50-day simple moving average of $68.08 and a two-hundred day simple moving average of $53.27. Tapestry has a 12-month low of $35.23 and a 12-month high of $87.87. The firm 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 quick ratio of 4.38, a current ratio of 1.58 and a debt-to-equity ratio of 1.78.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 6th. The luxury accessories retailer reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.30. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. During the same quarter last year, the business posted $1.63 EPS. On average, equities analysts forecast that Tapestry will post 4.7 EPS for the current year.

Tapestry Announces Dividend

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

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was 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 approximately $2,028,773.88. This trade represents a 20.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.18% of the company’s stock.

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.