Tapestry (NYSE:TPR) issued an update on its fourth quarter 2021 earnings guidance on Friday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $1.50 billion-$1.50 billion, compared to the consensus revenue estimate of $1.47 billion.
Shares of NYSE:TPR traded up $1.51 during trading on Friday, hitting $46.82. 2,997,415 shares of the stock traded hands, compared to its average volume of 4,205,563. The company has a quick ratio of 1.12, a current ratio of 1.56 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.06 billion, a price-to-earnings ratio of -29.26, a P/E/G ratio of 1.28 and a beta of 1.33. The company has a fifty day moving average price of $45.00 and a two-hundred day moving average price of $36.28. Tapestry has a 52-week low of $11.68 and a 52-week high of $49.67.
Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 6th. The luxury accessories retailer reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.21. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.20 billion. Tapestry had a negative net margin of 9.22% and a positive return on equity of 11.91%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) EPS. On average, equities research analysts predict that Tapestry will post 2.27 EPS for the current fiscal year.
In related news, Director Ivan Menezes sold 5,438 shares of the business’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $43.04, for a total value of $234,051.52. Following the sale, the director now directly owns 37,079 shares in the company, valued at approximately $1,595,880.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.
Tapestry Company Profile
Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, Other Asia, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms.
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