Tapestry (NYSE:TPR) Issues FY 2025 Earnings Guidance

Tapestry (NYSE:TPRGet Rating) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of $5.00- for the period. The company issued revenue guidance of $8.00 billion-$8.00 billion.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Tapestry from a buy rating to a hold rating in a research note on Friday. Jefferies Financial Group upgraded shares of Tapestry from a hold rating to a buy rating and boosted their target price for the stock from $30.00 to $45.00 in a report on Wednesday, June 15th. Evercore ISI boosted their target price on shares of Tapestry to $55.00 in a report on Monday, August 22nd. UBS Group boosted their price target on shares of Tapestry from $31.00 to $37.00 and gave the company a neutral rating in a report on Friday, August 19th. Finally, Cowen boosted their price objective on shares of Tapestry from $40.00 to $46.00 and gave the company an outperform rating in a research report on Friday, August 19th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $47.44.

Tapestry Stock Down 3.2 %

Shares of NYSE TPR opened at $30.95 on Friday. The firm has a market capitalization of $7.47 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 0.73. Tapestry has a 1 year low of $26.39 and a 1 year high of $47.05. The firm’s 50-day moving average is $34.36 and its 200-day moving average is $33.76.

Tapestry (NYSE:TPRGet Rating) last issued its earnings results on Thursday, August 18th. The luxury accessories retailer reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.64 billion. Tapestry had a net margin of 12.81% and a return on equity of 34.37%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Equities analysts expect that Tapestry will post 3.85 EPS for the current year.

Tapestry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, September 8th. This is a positive change from Tapestry’s previous quarterly dividend of $0.25. Tapestry’s dividend payout ratio (DPR) is 37.97%.

Insider Activity at Tapestry

In related news, VP Manesh Dadlani sold 5,602 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $36.85, for a total value of $206,433.70. Following the sale, the vice president now directly owns 35,686 shares in the company, valued at approximately $1,315,029.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tapestry news, insider Thomas A. Glaser sold 39,503 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $35.38, for a total transaction of $1,397,616.14. Following the sale, the insider now directly owns 243,321 shares in the company, valued at approximately $8,608,696.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Manesh Dadlani sold 5,602 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $36.85, for a total transaction of $206,433.70. Following the sale, the vice president now owns 35,686 shares in the company, valued at $1,315,029.10. The disclosure for this sale can be found here. Insiders have sold 47,110 shares of company stock worth $1,677,854 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Tapestry

Several hedge funds have recently bought and sold shares of TPR. Lazard Asset Management LLC raised its holdings in Tapestry by 36.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,266,189 shares of the luxury accessories retailer’s stock worth $121,338,000 after buying an additional 878,633 shares during the period. Vanguard Group Inc. raised its holdings in Tapestry by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 32,654,335 shares of the luxury accessories retailer’s stock worth $1,213,109,000 after buying an additional 751,210 shares during the period. Goldman Sachs Group Inc. raised its holdings in Tapestry by 110.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 927,447 shares of the luxury accessories retailer’s stock worth $34,455,000 after buying an additional 486,402 shares during the period. Macquarie Group Ltd. raised its holdings in Tapestry by 4,384.2% during the 2nd quarter. Macquarie Group Ltd. now owns 346,492 shares of the luxury accessories retailer’s stock worth $10,575,000 after buying an additional 338,765 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Tapestry in the first quarter valued at approximately $5,120,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

About Tapestry

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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 accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms.

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Earnings History and Estimates for Tapestry (NYSE:TPR)

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