Tapestry (NYSE:TPR – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 4.450-4.500 for the period, compared to the consensus EPS estimate of 4.490. The company issued revenue guidance of $6.7 billion-$6.7 billion, compared to the consensus revenue estimate of $6.8 billion.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Tapestry from $56.00 to $54.00 and set an overweight rating on the stock in a report on Friday, May 10th. OTR Global reaffirmed a mixed rating on shares of Tapestry in a research note on Wednesday, April 17th. StockNews.com upgraded shares of Tapestry from a hold rating to a buy rating in a research note on Wednesday, August 7th. Argus restated a buy rating and set a $52.00 target price on shares of Tapestry in a research report on Tuesday, June 18th. Finally, UBS Group reduced their target price on shares of Tapestry from $45.00 to $42.00 and set a neutral rating on the stock in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tapestry currently has an average rating of Moderate Buy and a consensus price target of $47.56.
Read Our Latest Analysis on Tapestry
Tapestry Stock Performance
Insider Activity
In other news, VP Manesh Dadlani sold 2,500 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $42.23, for a total value of $105,575.00. Following the transaction, the vice president now directly owns 37,173 shares of the company’s stock, valued at $1,569,815.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% of the company’s stock.
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.
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