$0.86 Earnings Per Share Expected for Tapestry Inc (TPR) This Quarter

Equities analysts expect that Tapestry Inc (NYSE:TPR) will post $0.86 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Tapestry’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.87. Tapestry posted earnings per share of $0.75 during the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The business is expected to report its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that Tapestry will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.40. For the next year, analysts forecast that the company will report earnings of $2.72 per share, with EPS estimates ranging from $2.54 to $2.86. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Tapestry.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Tuesday, November 7th. The luxury accessories retailer reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Tapestry had a net margin of 9.62% and a return on equity of 20.71%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year.

Several research analysts have recently commented on the stock. Buckingham Research reaffirmed a “buy” rating and set a $56.00 target price (down from $58.00) on shares of Tapestry in a report on Friday, August 18th. Wolfe Research cut shares of Tapestry from an “outperform” rating to a “peer perform” rating and lowered their target price for the stock from $51.00 to $42.00 in a report on Tuesday, October 3rd. Robert W. Baird set a $49.00 target price on shares of Tapestry and gave the stock a “buy” rating in a report on Tuesday, October 17th. Jefferies Group reaffirmed a “hold” rating and set a $42.00 target price on shares of Tapestry in a report on Saturday, September 16th. Finally, Vetr cut shares of Tapestry from a “strong-buy” rating to a “buy” rating and set a $45.90 target price on the stock. in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tapestry has an average rating of “Buy” and an average price target of $47.70.

Tapestry (NYSE TPR) opened at $42.83 on Friday. Tapestry has a fifty-two week low of $34.16 and a fifty-two week high of $48.85. The company has a market cap of $12,176.95, a P/E ratio of 20.10, a PEG ratio of 1.61 and a beta of 0.46. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 0.64.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.3375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.35 dividend on an annualized basis and a yield of 3.15%. Tapestry’s dividend payout ratio (DPR) is 83.85%.

A number of large investors have recently made changes to their positions in the stock. Capital International Investors bought a new position in Tapestry in the third quarter valued at approximately $25,376,000. Afam Capital Inc. bought a new stake in shares of Tapestry during the third quarter worth $6,945,000. Public Employees Retirement System of Ohio bought a new stake in shares of Tapestry during the third quarter worth $4,916,000. New Mexico Educational Retirement Board bought a new stake in shares of Tapestry during the third quarter worth $1,051,000. Finally, Point View Wealth Management Inc. bought a new stake in shares of Tapestry during the third quarter worth $552,000. 88.10% of the stock is currently owned by institutional investors and hedge funds.

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Tapestry Company Profile

Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.

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Earnings History and Estimates for Tapestry (NYSE:TPR)

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