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 Price Performance

Tapestry stock opened at $57.82 on Friday. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.78 and a beta of 1.53. Tapestry has a 52-week low of $29.83 and a 52-week high of $58.49. The stock’s 50 day moving average price is $46.21 and its two-hundred day moving average price is $42.83. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93.

Tapestry (NYSE:TPR) last released 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. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Tapestry had a net margin of 12.12% and a return on equity of 36.26%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, equities analysts predict that Tapestry will post 4.54 earnings per share for the current year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, December 6th. Tapestry’s dividend payout ratio is 40.46%.

Analyst Ratings Changes

TPR has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Tapestry from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Bank of America lifted their price objective on Tapestry from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI raised their price target on Tapestry from $47.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. UBS Group lowered 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, JPMorgan Chase & Co. boosted their price objective on Tapestry from $51.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.87.

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.