- Tapestry’s Q3 earnings per share (EPS) fell short of estimates, coming in at 60c compared to the predicted 67c.
- Net sales also came in under prediction at $1.48 billion, failing to reach the estimated $1.5 billion.
- Inventory numbers were reported at $824.1 million, which is below the anticipated figure of $874.3 million.
- Despite sales and inventory falling short, Tapestry plans to return approximately $325 million to shareholders through dividend payments during the fiscal year.
- This plan promotes an estimated annual dividend rate of $1.40 per share, representing an increase of 17% from the prior year.
- Market analysis shows greater confidence in the company, indicated by 14 ‘buy’ recommendations, 9 ‘holds’, and 0 ‘sells’.
Tapestry Inc on Smartkarma
Analyst coverage of Tapestry Inc on Smartkarma reveals a positive sentiment towards the company’s future prospects. Value Investors Club notes a decline in Tapestry Inc‘s stock price following an acquisition announcement but remains optimistic about the benefits the acquisition will bring financially and strategically. The analyst views the dip in stock price as a buying opportunity and maintains a bullish stance on Tapestry Inc‘s long-term outlook.
On a different note, Baptista Research highlights Tapestry Inc‘s strong performance in Q2 FY2022, showcasing a 3% sales gain driven by international growth and a notable increase in sales in key markets like Greater China, Japan, Europe, and other parts of Asia. The company’s ability to maintain revenue standing in North America exceeded expectations, reflecting the benefits of its diversified business model. Despite mixed results in its most recent report, Tapestry Inc‘s focus on innovation and product excellence continues to drive growth and market success.
A look at Tapestry Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tapestry Inc, the company known for its wide range of clothing and accessories, is looking towards a promising long-term future based on its Smartkarma Smart Scores. With a top score of 5 in Growth and a solid score of 4 in both Dividend and Momentum, Tapestry is positioned to continue expanding and rewarding its shareholders. While Value and Resilience scores are slightly lower at 3 and 2 respectively, the strong performance in growth and dividends signals positive prospects ahead for the company.
Tapestry Inc‘s focus on innovation and customer satisfaction, coupled with its diverse product offerings including handbags, footwear, and fragrance, has contributed to its favorable Smartkarma Smart Scores. The company’s ability to adapt to market trends and maintain a strong dividend payout, along with robust momentum, bodes well for its future performance, indicating a potentially bright outlook for investors considering Tapestry as a long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
