Tapestry (TPR) to Release Earnings on Thursday

Tapestry (NYSE:TPR) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Tapestry to post earnings of $1.70 per share and revenue of $2.11 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Tapestry Price Performance

Shares of TPR stock opened at $73.61 on Tuesday. The business’s 50 day moving average price is $66.81 and its 200-day moving average price is $52.43. Tapestry has a fifty-two week low of $35.23 and a fifty-two week high of $76.49. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93. The firm has a market cap of $17.15 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.07 and a beta of 1.58.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, December 6th. Tapestry’s dividend payout ratio (DPR) is presently 40.46%.

Analyst Ratings Changes

Several brokerages have commented on TPR. JPMorgan Chase & Co. boosted their price target on shares of Tapestry from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Barclays raised shares of Tapestry from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $57.00 to $87.00 in a report on Wednesday, January 8th. Bank of America boosted their price target on shares of Tapestry from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com downgraded Tapestry from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Guggenheim lifted their price objective on Tapestry from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $67.28.

Insider Buying and Selling

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was 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 owns 35,003 shares of the company’s stock, valued at approximately $2,028,773.88. This trade represents a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

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.