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

Tapestry, Inc. (NYSE:TPR) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, March 6th will be given a dividend of 0.40 per share by the luxury accessories retailer on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th.

Tapestry has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Tapestry has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 10.2%

TPR traded up $13.19 during trading on Thursday, reaching $143.11. The company had a trading volume of 6,512,412 shares, compared to its average volume of 2,448,356. The business has a 50 day simple moving average of $125.90 and a 200-day simple moving average of $114.39. The stock has a market cap of $29.29 billion, a P/E ratio of 127.78, a PEG ratio of 2.18 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. Tapestry has a 52 week low of $58.39 and a 52 week high of $145.42.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities analysts anticipate that Tapestry will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TPR shares. Robert W. Baird set a $140.00 target price on shares of Tapestry in a research note on Wednesday, December 17th. Citigroup increased their price target on shares of Tapestry from $124.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Argus upgraded Tapestry to a “strong-buy” rating in a report on Friday, January 16th. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and cut their price objective for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Tapestry in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.05.

Tapestry Company Profile

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.