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 guidance of $4.50 to $4.55 for the period, compared to the consensus earnings per share 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

Tapestry stock opened at $57.82 on Friday. The company’s 50 day moving average is $46.21 and its two-hundred day moving average is $42.83. The company has a quick ratio of 4.38, a current ratio of 4.93 and a debt-to-equity ratio of 2.35. Tapestry has a 52-week low of $29.83 and a 52-week high of $58.49. The firm has a market cap of $13.47 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.53.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Tapestry had a return on equity of 36.26% and a net margin of 12.12%. Tapestry’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. On average, research analysts expect that Tapestry will post 4.54 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, December 6th. Tapestry’s dividend payout ratio (DPR) is currently 40.46%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TPR. Wells Fargo & Company raised their price objective on shares of Tapestry from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Raymond James reaffirmed an “outperform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Tapestry in a research note on Friday, November 8th. Robert W. Baird upped their price objective on shares of Tapestry from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Evercore ISI lifted their price target on Tapestry from $47.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Telsey Advisory Group upped their price objective on Tapestry from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.87.

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.