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

Tapestry (NYSE:TPR) issued its quarterly earnings data on Thursday. The luxury accessories retailer reported $2.00 earnings per share (EPS) for the quarter, beating 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 prior year, the business posted $1.63 earnings per share. Tapestry updated its FY 2025 guidance to 4.850-4.900 EPS.

Tapestry Price Performance

Shares of TPR traded up $8.18 during trading hours on Thursday, hitting $81.56. 9,932,686 shares of the stock were exchanged, compared to its average volume of 4,730,462. Tapestry has a 12-month low of $35.23 and a 12-month high of $87.87. The stock’s 50-day moving average price is $67.29 and its two-hundred day moving average price is $52.80. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93.

Insiders Place Their Bets

In related news, VP Manesh Dadlani sold 8,872 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total transaction of $514,221.12. Following the sale, the vice president now directly owns 35,003 shares in the company, valued at approximately $2,028,773.88. This represents a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Daiwa America raised shares of Tapestry to a “hold” rating in a report on Monday, November 18th. BMO Capital Markets raised their price objective on shares of Tapestry from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their target price on shares of Tapestry from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Raymond James reiterated an “outperform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Tapestry in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Tapestry from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.28.

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.