Tapestry, Inc. (TPR) to Issue Quarterly Dividend of $0.46 on September 21st

Tapestry, Inc. (NYSE:TPR) announced a quarterly dividend on Thursday, August 13th. Investors of record on Friday, September 4th will be paid a dividend of 0.4625 per share by the luxury accessories retailer on Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 4th. This is a 15.6% increase from Tapestry’s previous quarterly dividend of $0.40.

Tapestry has a payout ratio of 34.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tapestry to earn $8.81 per share next year, which means the company should continue to be able to cover its $1.85 annual dividend with an expected future payout ratio of 21.0%.

Tapestry Stock Performance

Shares of Tapestry stock opened at $121.65 on Wednesday. Tapestry has a one year low of $93.00 and a one year high of $164.80. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25. The stock’s 50-day moving average is $142.17 and its 200-day moving average is $143.97. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.42.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities analysts predict that Tapestry will post 7.94 earnings per share for the current fiscal year.

Tapestry Company Profile

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.