Tapestry (NYSE:TPR) Updates FY25 Earnings Guidance

Tapestry (NYSE:TPR - Get Free Report) 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Tapestry from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. TD Cowen lowered Tapestry from a "buy" rating to a "hold" rating and set a $52.00 price target on the stock. in a report on Tuesday, October 29th. Citigroup upped their price objective on Tapestry from $49.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Raymond James reissued an "outperform" rating and issued a $57.00 price target (up from $55.00) on shares of Tapestry in a report on Friday, November 8th. Finally, UBS Group decreased their price objective on shares of Tapestry from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Tapestry Stock Performance

Shares of NYSE TPR traded up $6.48 during mid-day trading on Thursday, hitting $57.74. The company had a trading volume of 7,278,519 shares, compared to its average volume of 3,320,300. 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 has a 1 year low of $29.83 and a 1 year high of $58.49. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.78 and a beta of 1.53. The stock's 50-day moving average price is $45.88 and its 200-day moving average price is $42.73.

Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. Tapestry had a return on equity of 36.26% and a net margin of 12.12%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Tapestry will post 4.55 earnings per share for the current 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 $0.35 dividend. 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 is presently 40.46%.

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.