Tapestry, Inc. (NYSE:TPR) Plans $0.40 Quarterly Dividend

Key Points

• Tapestry announced a quarterly dividend of $0.40 per share (annualized $1.60) payable June 22 to shareholders of record June 5, implying a yield of about 1.2%.
• The dividend appears well covered—Tapestry has raised its payout for three consecutive years, carries a payout ratio around 29.7%, and analysts expect roughly $7.08 in EPS next year (implying a projected payout ratio near 22.6%).
• Despite beating estimates (Q: $1.66 EPS vs $1.26 expected; revenue $1.92B, +21% YoY), the stock fell about 12.5% on heavy volume to $130.18 after management set FY 2026 EPS guidance near $6.95.

Tapestry, Inc. (NYSE:TPR - Get Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, June 5th will be given a dividend of 0.40 per share by the luxury accessories retailer on Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 5th.

Tapestry has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Tapestry has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tapestry to earn $7.08 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 22.6%.

Tapestry Trading Down 12.5%

NYSE:TPR traded down $18.66 during trading hours on Thursday, hitting $130.18. 6,457,083 shares of the company were exchanged, compared to its average volume of 2,177,641. The stock has a market capitalization of $26.36 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 1.69 and a beta of 1.45. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry has a one year low of $75.48 and a one year high of $161.97. The company has a fifty day simple moving average of $146.93 and a 200 day simple moving average of $132.15.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.40. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts expect that Tapestry will post 6.46 EPS for the current fiscal year.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry's operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.

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