Tapestry (TPR) Expected to Announce Quarterly Earnings on Thursday

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

Tapestry Stock Down 0.8 %

Shares of Tapestry stock opened at $72.92 on Wednesday. Tapestry has a twelve month low of $35.23 and a twelve month high of $76.49. The company has a quick ratio of 4.38, a current ratio of 4.93 and a debt-to-equity ratio of 2.35. The company’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 price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58.

Tapestry Announces Dividend

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

Insider Buying and Selling at Tapestry

In related news, VP Manesh Dadlani sold 8,872 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the completion of the transaction, the vice president now directly owns 35,003 shares of the company’s stock, valued at approximately $2,028,773.88. This trade represents a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Telsey Advisory Group upped their price objective on Tapestry from $74.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday. Daiwa America raised shares of Tapestry to a “hold” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on shares of Tapestry from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Guggenheim upped their target price on shares of Tapestry from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on shares of Tapestry from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.