Tapestry (TPR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Tapestry (TPR) strengthens its global luxury market position through digital innovation and regional strategy adjustments, focusing on customer-centricity and enhanced operational efficiency.

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Tapestry (TPR) strengthens its position in the global luxury market through strategic initiatives, including digital transformation, regional adaptations and customer-centricity.

OAKLAND, Calif.--(BUSINESS WIRE)--ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced that Noam Paransky has been appointed to the company's Board of Directors. With more than 25 years of experience in digital retail innovation and omnichannel strategy, Paransky will advise ThredUp as the company transforms its business from a legacy resale marketplace to an AI-powered resale marketplace. “In today's rapidly evolvin.

Tapestry's (TPR) strategic approach to growth and the prioritization of digital transformation is paving a favorable path for the company within the fiercely competitive luxury retail industry.

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Tapestry's (TPR) growth strategy and focus on digital transformation set a positive trajectory for the company in the competitive luxury retail sector.

Dimensional Fund Advisors LP increased its position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,305,257 shares of the luxury accessories retailer’s stock after buying an additional 140,347 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of Tapestry worth $121,671,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also bought and sold shares of TPR. Vanguard Group Inc. grew its stake in shares of Tapestry by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 31,554,418 shares of the luxury accessories retailer’s stock worth $907,190,000 after acquiring an additional 173,111 shares in the last quarter. FMR LLC boosted its stake in shares of Tapestry by 2.0% during the 3rd quarter. FMR LLC now owns 14,018,492 shares of the luxury accessories retailer’s stock worth $403,032,000 after buying an additional 280,959 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Tapestry by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 6,823,763 shares of the luxury accessories retailer’s stock valued at $196,183,000 after acquiring an additional 305,658 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Tapestry by 12.7% in the fourth quarter. Ninety One UK Ltd now owns 5,321,308 shares of the luxury accessories retailer’s stock valued at $195,877,000 after acquiring an additional 597,715 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Tapestry by 28.2% during the third quarter. Ameriprise Financial Inc. now owns 5,249,047 shares of the luxury accessories retailer’s stock worth $150,916,000 after acquiring an additional 1,154,808 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock. Tapestry Price Performance NYSE:TPR opened at $42.32 on Monday. Tapestry, Inc. has a 52 week low of $25.99 and a 52 week high of $48.80. The company has a debt-to-equity ratio of 2.77, a quick ratio of 5.98 and a current ratio of 6.59. The firm’s 50-day simple moving average is $42.99 and its 200 day simple moving average is $39.39. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 0.87 and a beta of 1.61. Tapestry (NYSE:TPR – Get Free Report) last announced its earnings results on Thursday, May 9th. The luxury accessories retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Tapestry had a net margin of 13.15% and a return on equity of 39.78%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, sell-side analysts predict that Tapestry, Inc. will post 4.22 earnings per share for the current year. Tapestry Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, June 7th. Tapestry’s payout ratio is currently 37.04%. Analyst Upgrades and Downgrades Several research analysts have weighed in on TPR shares. OTR Global reaffirmed a “mixed” rating on shares of Tapestry in a research report on Wednesday, April 17th. Raymond James boosted their price objective on shares of Tapestry from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Evercore ISI upgraded shares of Tapestry from an “in-line” rating to an “outperform” rating and raised their target price for the company from $30.00 to $50.00 in a research note on Monday, February 5th. The Goldman Sachs Group boosted their price target on Tapestry from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. cut their price objective on Tapestry from $56.00 to $54.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31. Check Out Our Latest Stock Analysis on Tapestry Tapestry Profile (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.

FRISCO, Texas--(BUSINESS WIRE)-- #LuxuryHomes--World's largest builder of custom-designed homes launches $250 million project ‘Tapestry' at Frisco, Texas.