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

Tapestry (NYSE:TPR) announced its earnings results 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 return on equity of 44.00% and a net margin of 11.74%. During the same period last year, the firm posted $1.63 EPS. Tapestry updated its FY 2025 guidance to 4.850-4.900 EPS.

Tapestry Stock Performance

TPR opened at $80.28 on Friday. Tapestry has a 1 year low of $35.23 and a 1 year high of $87.87. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.58 and a quick ratio of 4.38. The company has a market capitalization of $18.71 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.30 and a beta of 1.58. The business has a fifty day simple moving average of $68.08 and a 200 day simple moving average of $53.27.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Thursday, March 6th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 1.74%. Tapestry’s payout ratio is currently 40.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Daiwa America upgraded shares of Tapestry to a “hold” rating in a report on Monday, November 18th. BMO Capital Markets lifted their price target on shares of Tapestry from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Monday, November 18th. UBS Group boosted their price target on shares of Tapestry from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays upped their target price on Tapestry from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Bank of America raised their price target on Tapestry from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.17.

Insider Transactions at Tapestry

In other news, VP Manesh Dadlani sold 8,872 shares of Tapestry stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the completion of the sale, the vice president now directly owns 35,003 shares in the company, valued at approximately $2,028,773.88. The trade was 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 this link. Insiders own 1.18% of the company’s stock.

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.