Tapestry, Inc. (NYSE:TPR) posted its quarterly earnings results on Tuesday. The luxury accessories retailer reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06, Briefing.com reports. Tapestry had a net margin of 13.17% and a return on equity of 21.31%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Tapestry updated its FY18 guidance to $2.35-2.40 EPS.

Shares of Tapestry (TPR) traded up $0.33 during trading hours on Tuesday, hitting $41.48. 6,014,082 shares of the company’s stock were exchanged, compared to its average volume of 3,070,000. The company has a quick ratio of 4.62, a current ratio of 5.24 and a debt-to-equity ratio of 0.53. The stock has a market cap of $12,000.00, a PE ratio of 19.05, a P/E/G ratio of 1.58 and a beta of 0.45. Tapestry has a 1-year low of $34.16 and a 1-year high of $48.85.

Several equities research analysts recently issued reports on TPR shares. Citigroup Inc. started coverage on shares of Tapestry in a report on Thursday, November 2nd. They issued a “positive” rating and a $50.00 target price on the stock. Susquehanna Bancshares Inc started coverage on shares of Tapestry in a research report on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price target on the stock.

ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/07/tapestry-inc-tpr-posts-earnings-results-beats-expectations-by-0-06-eps.html.

Tapestry Company Profile

Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.

Receive News & Stock Ratings for Tapestry Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry Inc. and related stocks with our FREE daily email newsletter.