Tapestry, Inc. (TPR) to Issue Quarterly Dividend of $0.40 on June 22nd

Tapestry, Inc. (NYSE:TPR) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, June 5th will be given a dividend of 0.40 per share by the luxury accessories retailer on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th.

Tapestry has raised its dividend by an average of 0.1%per year 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 $7.60 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 21.1%.

Tapestry Stock Down 0.1%

Shares of Tapestry stock opened at $138.64 on Wednesday. Tapestry has a 12-month low of $77.79 and a 12-month high of $161.97. The firm has a market capitalization of $28.01 billion, a PE ratio of 44.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.42. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock’s fifty day moving average is $142.23 and its 200-day moving average is $135.36.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.Tapestry’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts anticipate that Tapestry will post 6.95 earnings per share for the current year.

About Tapestry

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.