Tapestry (NYSE:TPR) Updates FY25 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY25 earnings guidance on Thursday. 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.

Tapestry Trading Down 1.0 %

NYSE:TPR opened at $57.23 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.93 and a quick ratio of 4.38. The business has a fifty day moving average price of $46.55 and a 200-day moving average price of $42.95. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.53. Tapestry has a one year low of $29.83 and a one year high of $58.49.

Tapestry (NYSE:TPR) last announced its quarterly earnings data 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 firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $0.95 earnings per share. Sell-side analysts forecast that Tapestry will post 4.54 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, December 6th. Tapestry’s dividend payout ratio (DPR) is presently 40.46%.

Analyst Ratings Changes

TPR has been the topic of a number of research reports. Raymond James reiterated an “outperform” rating and issued a $57.00 price target (up from $55.00) on shares of Tapestry in a report on Friday, November 8th. Wells Fargo & Company increased their price target on Tapestry from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. Bank of America raised their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Tapestry from $51.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, StockNews.com cut Tapestry from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $57.69.

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.