Tapestry (TPR) Expected to Announce Earnings on Thursday

Tapestry (NYSE:TPR) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.70 per share and revenue of $2.11 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Tapestry Trading Up 0.9 %

NYSE TPR opened at $74.43 on Thursday. Tapestry has a fifty-two week low of $35.23 and a fifty-two week high of $75.78. 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 stock has a 50 day simple moving average of $65.88 and a two-hundred day simple moving average of $51.70. The stock has a market cap of $17.35 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, December 6th. Tapestry’s dividend payout ratio (DPR) is currently 40.46%.

Wall Street Analyst Weigh In

TPR has been the subject of several research analyst reports. StockNews.com cut Tapestry from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Daiwa America upgraded Tapestry to a “hold” rating in a report on Monday, November 18th. Guggenheim increased their target price on Tapestry from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Raymond James reissued an “outperform” rating and issued a $57.00 target price (up previously from $55.00) on shares of Tapestry in a research report on Friday, November 8th. Finally, UBS Group increased their target price on Tapestry from $57.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.56.

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of Tapestry 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 sale, the vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.