Tapestry (NYSE:TPR) Points FY 2025 Earnings Steering

Tapestry (NYSE:TPRGet Score) issued an replace on its FY 2025 earnings steering on Friday morning. The corporate offered earnings per share steering of $5.00- for the interval. The corporate issued income steering of $8.00 billion-$8.00 billion.

Analyst Upgrades and Downgrades

TPR has been the subject of a variety of latest analyst experiences. Barclays lifted their worth goal on Tapestry from $39.00 to $43.00 and gave the inventory an chubby ranking in a report on Monday, August twenty second. Credit score Suisse Group raised their worth goal on Tapestry to $49.00 in a report on Monday, August twenty second. BTIG Analysis decreased their worth goal on Tapestry from $53.00 to $48.00 and set a purchase ranking on the inventory in a report on Thursday, July twenty first. StockNews.com lowered Tapestry from a purchase ranking to a maintain ranking in a analysis report on Friday. Lastly, Morgan Stanley lowered their worth goal on Tapestry from $40.00 to $39.00 and set an equal weight ranking on the inventory in a analysis report on Friday, August nineteenth. Six analysts have rated the inventory with a maintain ranking and eleven have assigned a purchase ranking to the inventory. In keeping with MarketBeat, the inventory presently has a consensus ranking of Reasonable Purchase and a consensus goal worth of $47.44.

Tapestry Inventory Down 3.2 %

Tapestry inventory opened at $30.95 on Friday. The inventory has a market cap of $7.47 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32. The corporate has a debt-to-equity ratio of 0.73, a fast ratio of 1.08 and a present ratio of 1.75. Tapestry has a one yr low of $26.39 and a one yr excessive of $47.05. The inventory has a fifty day shifting common of $34.36 and a 200 day shifting common of $33.76.

Tapestry (NYSE:TPRGet Score) final posted its quarterly earnings knowledge on Thursday, August 18th. The luxurious equipment retailer reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The corporate had income of $1.62 billion through the quarter, in comparison with analysts’ expectations of $1.64 billion. Tapestry had a return on fairness of 34.37% and a web margin of 12.81%. Tapestry’s income for the quarter was up .6% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the enterprise earned $0.74 earnings per share. As a bunch, sell-side analysts predict that Tapestry will put up 3.85 EPS for the present yr.

Tapestry Will increase Dividend

The enterprise additionally lately declared a quarterly dividend, which can be paid on Monday, September twenty sixth. Shareholders of report on Friday, September ninth can be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of three.88%. The ex-dividend date is Thursday, September eighth. It is a constructive change from Tapestry’s earlier quarterly dividend of $0.25. Tapestry’s payout ratio is presently 37.97%.

Insider Shopping for and Promoting at Tapestry

In different Tapestry information, insider Thomas A. Glaser bought 39,503 shares of the enterprise’s inventory in a transaction dated Monday, August twenty second. The inventory was bought at a mean worth of $35.38, for a complete transaction of $1,397,616.14. Following the completion of the sale, the insider now owns 243,321 shares of the corporate’s inventory, valued at $8,608,696.98. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible by the SEC web site. In different Tapestry information, insider Thomas A. Glaser bought 39,503 shares of the corporate’s inventory in a transaction that occurred on Monday, August twenty second. The inventory was bought at a mean worth of $35.38, for a complete transaction of $1,397,616.14. Following the sale, the insider now straight owns 243,321 shares within the firm, valued at $8,608,696.98. The sale was disclosed in a doc filed with the SEC, which is obtainable at the SEC web site. Additionally, VP Manesh Dadlani bought 5,602 shares of the inventory in a transaction that occurred on Thursday, August twenty fifth. The inventory was bought at a mean worth of $36.85, for a complete worth of $206,433.70. Following the completion of the transaction, the vice chairman now straight owns 35,686 shares within the firm, valued at roughly $1,315,029.10. The disclosure for this sale will be discovered right here. During the last quarter, insiders bought 47,110 shares of firm inventory valued at $1,677,854. Firm insiders personal 1.40% of the corporate’s inventory.

Hedge Funds Weigh In On Tapestry

A lot of hedge funds and different institutional buyers have lately added to or lowered their stakes in TPR. Brown Brothers Harriman & Co. grew its place in shares of Tapestry by 340.7% through the 1st quarter. Brown Brothers Harriman & Co. now owns 661 shares of the luxurious equipment retailer’s inventory valued at $25,000 after buying a further 511 shares through the interval. Wetherby Asset Administration Inc. boosted its holdings in shares of Tapestry by 6.5% through the 1st quarter. Wetherby Asset Administration Inc. now owns 8,872 shares of the luxurious equipment retailer’s inventory price $330,000 after buying a further 543 shares over the past quarter. First Republic Funding Administration Inc. raised its place in shares of Tapestry by 1.6% through the 1st quarter. First Republic Funding Administration Inc. now owns 48,220 shares of the luxurious equipment retailer’s inventory valued at $1,791,000 after shopping for a further 757 shares through the interval. Commonwealth of Pennsylvania Public College Empls Retrmt SYS raised its place in shares of Tapestry by 2.3% through the 1st quarter. Commonwealth of Pennsylvania Public College Empls Retrmt SYS now owns 35,323 shares of the luxurious equipment retailer’s inventory valued at $1,312,000 after shopping for a further 788 shares through the interval. Lastly, Covestor Ltd raised its place in Tapestry by 79.7% within the first quarter. Covestor Ltd now owns 1,951 shares of the luxurious equipment retailer’s inventory valued at $73,000 after buying a further 865 shares through the interval. Hedge funds and different institutional buyers personal 90.77% of the corporate’s inventory.

About Tapestry

(Get Score)

Tapestry, Inc supplies luxurious equipment and branded way of life merchandise in america, Japan, Higher China, and internationally. The corporate operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It presents girls’s equipment, together with purses, reminiscent of wallets, cash items, wristlets, and beauty circumstances; novelty equipment comprising deal with books, time administration and journey equipment, sketchbooks, and portfolios; and key rings and charms.

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Earnings History and Estimates for Tapestry (NYSE:TPR)

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