Equities analysts predict that Tapestry Inc (NYSE:TPR) will announce sales of $1.54 billion for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Tapestry’s earnings, with estimates ranging from $1.51 billion to $1.57 billion. Tapestry posted sales of $1.48 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The company is expected to issue its next earnings report on Tuesday, August 13th.

On average, analysts expect that Tapestry will report full-year sales of $6.05 billion for the current financial year, with estimates ranging from $6.03 billion to $6.09 billion. For the next financial year, analysts expect that the business will report sales of $6.27 billion, with estimates ranging from $6.21 billion to $6.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Tapestry.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, May 9th. The luxury accessories retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Tapestry had a return on equity of 22.08% and a net margin of 11.78%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year.

TPR has been the subject of a number of recent analyst reports. Wolfe Research raised Tapestry from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Friday, January 25th. Guggenheim reissued a “buy” rating and issued a $52.00 price objective on shares of Tapestry in a report on Tuesday, January 29th. Zacks Investment Research lowered Tapestry from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Canaccord Genuity restated a “buy” rating and issued a $58.00 target price on shares of Tapestry in a research report on Tuesday, February 5th. Finally, Consumer Edge upgraded Tapestry from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.42.

TPR stock traded down $0.63 on Friday, reaching $30.23. The company’s stock had a trading volume of 194,711 shares, compared to its average volume of 6,227,788. Tapestry has a 52 week low of $29.82 and a 52 week high of $54.35. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.13 and a beta of 0.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.86.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.3375 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 4.47%. Tapestry’s dividend payout ratio (DPR) is presently 51.33%.

Large investors have recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Tapestry during the 1st quarter valued at $26,000. Claybrook Capital LLC purchased a new stake in shares of Tapestry in the fourth quarter valued at $34,000. Avestar Capital LLC lifted its holdings in shares of Tapestry by 2,225.0% in the first quarter. Avestar Capital LLC now owns 1,209 shares of the luxury accessories retailer’s stock valued at $39,000 after purchasing an additional 1,157 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Tapestry by 47.1% in the fourth quarter. Advisory Services Network LLC now owns 1,374 shares of the luxury accessories retailer’s stock valued at $46,000 after purchasing an additional 440 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Tapestry by 1,079.0% in the first quarter. Quadrant Capital Group LLC now owns 1,403 shares of the luxury accessories retailer’s stock valued at $44,000 after purchasing an additional 1,284 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

About Tapestry

Tapestry, Inc provides luxury accessories and lifestyle brands in the United States, Japan, China, Hong Kong, Macau, East Asia, Europe, Canada, Taiwan, South Korea, Malaysia, and Singapore. It operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, travel accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, travel organizers, belts, footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men.

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Earnings History and Estimates for Tapestry (NYSE:TPR)

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