Tapestry (NYSE:TPR) Releases FY 2025 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 4.450-4.500 for the period, compared to the consensus EPS estimate of 4.490. The company issued revenue guidance of $6.7 billion-$6.7 billion, compared to the consensus revenue estimate of $6.8 billion.

Wall Street Analyst Weigh In

TPR has been the topic of several analyst reports. StockNews.com upgraded Tapestry from a hold rating to a buy rating in a report on Wednesday, August 7th. Evercore ISI dropped their price objective on Tapestry from $53.00 to $47.00 and set an outperform rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. decreased their target price on shares of Tapestry from $54.00 to $51.00 and set an overweight rating for the company in a research note on Friday. Citigroup dropped their price target on shares of Tapestry from $50.00 to $49.00 and set a buy rating on the stock in a research report on Tuesday, August 6th. Finally, Argus restated a buy rating and set a $52.00 price objective on shares of Tapestry in a research note on Tuesday, June 18th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $47.00.

Tapestry Price Performance

Shares of NYSE TPR opened at $40.40 on Friday. The firm has a market cap of $9.28 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The business’s 50 day moving average is $40.79 and its 200-day moving average is $42.55. The company has a current ratio of 6.59, a quick ratio of 5.98 and a debt-to-equity ratio of 2.77. Tapestry has a 1-year low of $25.99 and a 1-year high of $48.80.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. Tapestry had a return on equity of 39.78% and a net margin of 13.15%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.95 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Tapestry will post 4.24 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, September 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, September 6th. Tapestry’s dividend payout ratio is currently 37.04%.

Insiders Place Their Bets

In related news, VP Manesh Dadlani sold 2,500 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $42.23, for a total value of $105,575.00. Following the completion of the transaction, the vice president now owns 37,173 shares of the company’s stock, valued at $1,569,815.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.93% of the company’s stock.

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.