Shares of Tapestry, Inc. (NYSE:TPR – Get Free Report) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $46.13.
A number of equities research analysts have weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $54.00 price target on shares of Tapestry in a research note on Thursday, August 15th. Evercore ISI decreased their target price on shares of Tapestry from $53.00 to $47.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Argus reissued a “buy” rating and issued a $52.00 target price on shares of Tapestry in a research note on Tuesday, June 18th. Citigroup cut their price target on shares of Tapestry from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Tapestry from $54.00 to $51.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th.
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Institutional Trading of Tapestry
Tapestry Stock Performance
NYSE:TPR opened at $40.36 on Thursday. The firm’s 50-day moving average is $40.40 and its 200-day moving average is $42.36. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.52 and a beta of 1.54. The company has a debt-to-equity ratio of 2.39, a quick ratio of 4.66 and a current ratio of 5.14. Tapestry has a 52-week low of $25.99 and a 52-week high of $48.80.
Tapestry (NYSE:TPR – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. Tapestry had a return on equity of 37.22% and a net margin of 12.23%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Tapestry will post 4.47 earnings per share for the current year.
Tapestry Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, September 6th. This represents a $1.40 annualized dividend and a dividend yield of 3.47%. Tapestry’s dividend payout ratio (DPR) is currently 37.04%.
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.
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