Tapestry (NYSE:TPR) Updates FY 2025 Earnings Guidance

Tapestry (NYSE:TPR - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 5.000- for the period, compared to the consensus earnings per share estimate of 4.920. The company issued revenue guidance of $7.0 billion-, compared to the consensus revenue estimate of $6.9 billion.

Tapestry Price Performance

Shares of NYSE:TPR opened at $74.71 on Thursday. The company has a market capitalization of $15.47 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.05 and a current ratio of 1.58. The stock has a fifty day moving average of $69.94 and a 200-day moving average of $67.32. Tapestry has a one year low of $35.23 and a one year high of $90.85.

Tapestry (NYSE:TPR - Get Free Report) last announced its earnings results on Thursday, May 8th. The luxury accessories retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.88 by $0.15. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. As a group, equities analysts anticipate that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.87%. Tapestry's dividend payout ratio is currently 40.58%.

Analyst Ratings Changes

Several equities analysts have weighed in on TPR shares. Redburn Atlantic upgraded shares of Tapestry from a "neutral" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 18th. Telsey Advisory Group reiterated an "outperform" rating and set a $92.00 price target on shares of Tapestry in a report on Thursday, May 1st. Jefferies Financial Group increased their price objective on Tapestry from $80.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group decreased their price objective on Tapestry from $98.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group increased 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, February 7th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $78.47.

Insiders Place Their Bets

In related news, General Counsel David E. Howard sold 11,917 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $88.00, for a total value of $1,048,696.00. Following the completion of the sale, the general counsel now directly owns 38,609 shares in the company, valued at approximately $3,397,592. The trade was a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott A. Roe sold 25,727 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $86.56, for a total value of $2,226,929.12. Following the sale, the chief financial officer now directly owns 146,587 shares of the company's stock, valued at $12,688,570.72. The trade was a 14.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,537 shares of company stock valued at $5,730,589 over the last quarter. Insiders own 1.18% of the company's stock.

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.

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