Tapestry (TPR) to Release Quarterly Earnings on Thursday

Tapestry (NYSE:TPR) is expected to be posting 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 participating in the company’s earnings conference call can do so using this link.

Tapestry Stock Down 0.8 %

Shares of NYSE:TPR opened at $72.92 on Wednesday. The stock’s 50-day moving average is $67.05 and its 200 day moving average is $52.66. The company has a market cap of $16.99 billion, a PE ratio of 21.08, a P/E/G ratio of 2.07 and a beta of 1.58. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.93 and a quick ratio of 4.38. Tapestry has a 1 year low of $35.23 and a 1 year high of $76.49.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.92%. Tapestry’s dividend payout ratio (DPR) is presently 40.46%.

Insiders Place Their Bets

In related news, VP Manesh Dadlani sold 8,872 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total transaction of $514,221.12. Following the completion of the sale, the vice president now owns 35,003 shares of the company’s stock, valued at $2,028,773.88. This trade represents a 20.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TPR shares. BMO Capital Markets lifted their price target on shares of Tapestry from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Monday, November 18th. Daiwa America raised shares of Tapestry to a “hold” rating in a research note on Monday, November 18th. Evercore ISI boosted their price target on shares of Tapestry from $68.00 to $74.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Morgan Stanley restated an “equal weight” rating and issued a $65.00 price objective on shares of Tapestry in a report on Tuesday, January 21st. Finally, Guggenheim upped their target price on Tapestry from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Six equities 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.com, Tapestry currently has a consensus rating of “Moderate Buy” and an average price target of $67.28.

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.