Telsey Advisory Group Analysts Cut Earnings Estimates for Tapestry, Inc. (NYSE:TPR)

Tapestry, Inc. (NYSE:TPR) – Telsey Advisory Group decreased their Q1 2025 earnings estimates for Tapestry in a research note issued to investors on Friday, August 16th. Telsey Advisory Group analyst D. Telsey now anticipates that the luxury accessories retailer will earn $0.95 per share for the quarter, down from their previous forecast of $0.99. Telsey Advisory Group has a “Outperform” rating and a $54.00 price target on the stock. The consensus estimate for Tapestry’s current full-year earnings is $4.24 per share. Telsey Advisory Group also issued estimates for Tapestry’s Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $4.50 EPS.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Tapestry had a net margin of 13.15% and a return on equity of 39.78%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share.

Several other brokerages also recently issued reports on TPR. UBS Group lowered their price objective on shares of Tapestry from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Argus reissued a “buy” rating and issued a $52.00 price objective on shares of Tapestry in a research report on Tuesday, June 18th. Robert W. Baird decreased their price objective on shares of Tapestry from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Wells Fargo & Company decreased their price objective on shares of Tapestry from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Finally, Bernstein Bank lifted their price objective on shares of Tapestry from $46.00 to $48.00 in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Tapestry currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Tapestry Stock Down 0.5 %

Shares of TPR stock opened at $40.38 on Monday. The firm has a fifty day moving average of $40.66 and a 200-day moving average of $42.58. The company has a quick ratio of 5.98, a current ratio of 6.59 and a debt-to-equity ratio of 2.77. Tapestry has a 12-month low of $25.99 and a 12-month high of $48.80. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.79 and a beta of 1.59.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, September 6th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, September 6th. Tapestry’s dividend payout ratio is currently 37.04%.

Insider Buying and Selling at Tapestry

In related news, VP Manesh Dadlani sold 2,500 shares of Tapestry stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $42.23, for a total transaction of $105,575.00. Following the sale, the vice president now directly owns 37,173 shares of the company’s stock, valued at approximately $1,569,815.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On Tapestry

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors grew its holdings in Tapestry by 8.5% during the 1st quarter. Capital Research Global Investors now owns 6,238,670 shares of the luxury accessories retailer’s stock worth $296,212,000 after acquiring an additional 489,933 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Tapestry by 53.1% during the 2nd quarter. Pacer Advisors Inc. now owns 6,020,625 shares of the luxury accessories retailer’s stock worth $257,623,000 after acquiring an additional 2,087,586 shares during the last quarter. Franklin Resources Inc. grew its holdings in Tapestry by 0.9% during the 4th quarter. Franklin Resources Inc. now owns 5,954,829 shares of the luxury accessories retailer’s stock worth $219,197,000 after acquiring an additional 54,647 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Tapestry by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,551,778 shares of the luxury accessories retailer’s stock worth $151,965,000 after acquiring an additional 165,406 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Tapestry during the 4th quarter worth approximately $102,531,000. 90.77% of the stock is owned by institutional investors.

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.