Tapestry (NYSE:TPR) Updates FY25 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $4.50 to $4.55 for the period, compared to the consensus EPS estimate of $4.57. The company issued revenue guidance of over $6.75 billion, compared to the consensus revenue estimate of $6.77 billion.

Analyst Ratings Changes

Several research firms recently issued reports on TPR. JPMorgan Chase & Co. boosted their price objective on Tapestry from $51.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America boosted their price target on shares of Tapestry from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com lowered shares of Tapestry from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. UBS Group cut their target price on shares of Tapestry from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Finally, TD Cowen cut shares of Tapestry from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and ten 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 $54.00.

Tapestry Stock Up 12.4 %

Shares of TPR traded up $6.35 during mid-day trading on Thursday, reaching $57.61. The company’s stock had a trading volume of 4,518,817 shares, compared to its average volume of 3,305,431. The stock has a market cap of $13.43 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.78 and a beta of 1.53. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.93 and a quick ratio of 4.38. Tapestry has a 12-month low of $29.83 and a 12-month high of $58.13. The company’s 50 day moving average is $45.88 and its 200 day moving average is $42.73.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Tapestry had a net margin of 12.12% and a return on equity of 36.26%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. Equities analysts anticipate that Tapestry will post 4.55 EPS for the current fiscal year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, December 6th. Tapestry’s dividend payout ratio is presently 40.46%.

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.