Tapestry Analysts Slash Their Forecasts After Q4 Results
Portfolio Pulse from Avi Kapoor
Tapestry (NYSE:TPR) reported better-than-expected Q4 results, with adjusted EPS of 92 cents and sales of $1.59 billion. Despite this, analysts have lowered their price targets. The company expects FY25 revenue of $6.7 billion and EPS between $4.45 and $4.50. Tapestry will maintain its annual dividend rate of $1.40 per share.
August 16, 2024 | 1:38 pm
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Tapestry reported better-than-expected Q4 results but saw analysts lowering their price targets. The company expects FY25 revenue of $6.7 billion and EPS between $4.45 and $4.50, slightly below estimates. Tapestry will maintain its annual dividend rate of $1.40 per share.
While Tapestry reported better-than-expected Q4 results, the slight miss in FY25 revenue and EPS estimates led analysts to lower their price targets. This mixed news is likely to result in a neutral short-term impact on the stock price.
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