Tapestry, Inc. (NYSE:TPR) Declares Quarterly Dividend of $0.40

by · The Cerbat Gem

Tapestry, Inc. (NYSE:TPR – Get Free Report) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, December 5th will be paid a dividend of 0.40 per share by the luxury accessories retailer on Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th.

Tapestry has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Tapestry has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tapestry to earn $5.30 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 30.2%.

Tapestry Trading Down 9.5%

Shares of Tapestry stock traded down $10.43 on Thursday, reaching $98.88. 8,136,031 shares of the company were exchanged, compared to its average volume of 4,512,777. The stock has a fifty day moving average price of $110.98 and a 200-day moving average price of $96.88. The firm has a market capitalization of $20.47 billion, a price-to-earnings ratio of 156.95, a price-to-earnings-growth ratio of 2.72 and a beta of 1.71. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. Tapestry has a fifty-two week low of $49.84 and a fifty-two week high of $118.56.

Tapestry (NYSE:TPR – Get Free Report) last announced its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts expect that Tapestry will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

TPR has been the topic of a number of recent analyst reports. Evercore ISI boosted their target price on Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Sunday. BTIG Research began coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price target on the stock. UBS Group dropped their price target on Tapestry from $112.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Finally, Bank of America lowered Tapestry from a “buy” rating to a “neutral” rating and upped their price target for the company from $95.00 to $115.00 in a research report on Tuesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.80.

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About Tapestry

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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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