Tapestry (TPR) Expected to Announce Earnings on Thursday

Tapestry (NYSE:TPR) is expected to release its earnings data 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 Performance

NYSE:TPR opened at $74.43 on Thursday. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.93 and a quick ratio of 4.38. The business has a fifty day simple moving average of $65.88 and a two-hundred day simple moving average of $51.70. Tapestry has a 1 year low of $35.23 and a 1 year high of $75.78. The company has a market capitalization of $17.35 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.07 and a beta of 1.58.

Tapestry Announces Dividend

The company 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. This represents a $1.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, December 6th. Tapestry’s dividend payout ratio is currently 40.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TPR shares. Telsey Advisory Group lifted their price target on Tapestry from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. UBS Group lifted their price target on Tapestry from $57.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Bank of America lifted their price target on Tapestry from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird lifted their price target on Tapestry from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Finally, Citigroup lifted their price target on Tapestry from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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 completion of the sale, the vice president now directly owns 35,003 shares in the company, valued at $2,028,773.88. This represents a 20.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

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.