Tapestry (TPR) Projected to Post Earnings on Thursday

Tapestry (NYSE:TPR - Get Free Report) is projected to post 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. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Tapestry Price Performance

Shares of Tapestry stock traded up $1.41 on Thursday, hitting $75.80. The company's stock had a trading volume of 4,290,457 shares, compared to its average volume of 4,181,155. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93. Tapestry has a 1 year low of $35.23 and a 1 year high of $76.49. The firm has a fifty day moving average price of $65.88 and a 200-day moving average price of $51.70. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were given a $0.35 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. Tapestry's dividend payout ratio is currently 40.46%.

Wall Street Analysts Forecast Growth

TPR has been the subject of a number of recent analyst reports. Daiwa America raised Tapestry to a "hold" rating in a research report on Monday, November 18th. Citigroup boosted their target price on Tapestry from $49.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Bank of America boosted their target price on Tapestry from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Tapestry from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Finally, Guggenheim upped their price target on Tapestry from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.56.

Insider Activity

In related news, VP Manesh Dadlani sold 8,872 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.96, for a total transaction of $514,221.12. Following the transaction, the vice president now directly owns 35,003 shares in the company, valued at approximately $2,028,773.88. This represents a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.