Tapestry (NYSE:TPR) Releases FY25 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.50 to $4.55 for the period, compared to the consensus 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

Shares of TPR stock traded up $6.35 during trading hours on Thursday, hitting $57.61. The company’s stock had a trading volume of 4,518,817 shares, compared to its average volume of 3,305,431. The business has a fifty day moving average of $45.88 and a 200-day moving average of $42.73. Tapestry has a twelve month low of $29.83 and a twelve month high of $58.13. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.78 and a beta of 1.53. The company has a current ratio of 4.93, a quick ratio of 4.38 and a debt-to-equity ratio of 2.35.

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, beating the consensus estimate of $0.88 by $0.04. Tapestry had a net margin of 12.12% and a return on equity of 36.26%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Tapestry will post 4.55 EPS for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, December 6th. Tapestry’s dividend payout ratio is presently 40.46%.

Wall Street Analyst Weigh In

TPR has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $54.00 target price on shares of Tapestry in a research report on Thursday, November 7th. TD Cowen cut shares of Tapestry from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Tuesday, October 29th. Robert W. Baird upped their price target on shares of Tapestry from $53.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Evercore ISI boosted their price objective on shares of Tapestry from $47.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on Tapestry from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

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.