2 weeks Ago By Defense World Staff
Tapestry, Inc. ( NYSE:TPR – Get Free Report ) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports.
Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $47.07.
A number of equities analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $54.00 price target on shares of Tapestry in a report on Thursday, August 15th.
Argus reiterated a “buy” rating and set a $52.00 target price on shares of Tapestry in a research note on Tuesday, June 18th. Wells Fargo & Company dropped their price target on Tapestry from $52.
00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. UBS Group cut their price target on Tapestry from $42.
00 to $40.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, JPMorgan Chase & Co.
decreased their price objective on shares of Tapestry from $54.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, August 16th.
Get Our Latest Report on TPR Institutional Investors Weigh In On Tapestry Tapestry Stock Up 2.0 % NYSE:TPR opened at $47.94 on Monday.
Tapestry has a twelve month low of $25.99 and a twelve month high of $48.80.
The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.
64 and a beta of 1.54. The company has a quick ratio of 4.
66, a current ratio of 5.14 and a debt-to-equity ratio of 2.39.
The stock’s 50 day moving average price is $40.94 and its two-hundred day moving average price is $41.92.
Tapestry ( NYSE:TPR – Get Free Report ) last issued its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
88 by $0.04. Tapestry had a net margin of 12.
23% and a return on equity of 37.22%. The business had revenue of $1.
59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company earned $0.
95 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis.
Equities research analysts expect that Tapestry will post 4.47 earnings per share for the current fiscal year. Tapestry Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd.
Stockholders of record on Friday, September 6th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 6th.
This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.92%.
Tapestry’s payout ratio is 37.04%. Tapestry Company Profile ( Get Free Report 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. Featured Stories Five stocks we like better than Tapestry Stock Ratings and Recommendations: Understanding Analyst Ratings Simon Property REIT: A Safe Bet for Growth and Steady Dividends Pros And Cons Of Monthly Dividend Stocks CarMax’s Impressive Rally: What Investors Should Watch Next What Makes a Stock a Good Dividend Stock? MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.
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