Tapestry (NYSE:TPR) Updates FY 2025 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.850-4.900 for the period, compared to the consensus earnings per share estimate of 4.660. The company issued revenue guidance of $6.9 billion-, compared to the consensus revenue estimate of $6.8 billion.

Tapestry Stock Up 0.6 %

Shares of Tapestry stock opened at $73.40 on Thursday. The business’s 50 day simple moving average is $67.29 and its 200 day simple moving average is $52.80. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93. The firm has a market cap of $17.10 billion, a PE ratio of 21.21, a P/E/G ratio of 2.07 and a beta of 1.58. Tapestry has a 52-week low of $35.23 and a 52-week high of $76.49.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com cut Tapestry from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Evercore ISI increased their price objective on Tapestry from $68.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Telsey Advisory Group upped their price target on shares of Tapestry from $74.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday. TD Cowen cut shares of Tapestry from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research note on Tuesday, October 29th. Finally, Bank of America boosted their price objective on shares of Tapestry from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.28.

Insider Buying and Selling

In other news, VP Manesh Dadlani sold 8,872 shares of the stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at approximately $2,028,773.88. This represents a 20.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is currently owned by company insiders.

About Tapestry

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.