Tapestry (NYSE:TPR) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Tapestry (NYSE:TPR) in a report published on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $125.00 price objective on the luxury accessories retailer’s stock. Telsey Advisory Group also issued estimates for Tapestry’s Q3 2026 earnings at $1.00 EPS, FY2026 earnings at $5.62 EPS, Q2 2027 earnings at $2.43 EPS, Q3 2027 earnings at $1.15 EPS, Q4 2027 earnings at $1.24 EPS and FY2027 earnings at $6.25 EPS.

A number of other analysts have also weighed in on TPR. BTIG Research initiated coverage on Tapestry in a research note on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective for the company. Evercore ISI upped their price target on shares of Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a report on Monday. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. UBS Group decreased their price objective on shares of Tapestry from $112.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.25.

Tapestry Trading Up 4.9%

Shares of TPR traded up $4.86 during mid-day trading on Friday, reaching $103.67. The company’s stock had a trading volume of 6,656,399 shares, compared to its average volume of 4,522,796. Tapestry has a 52 week low of $49.84 and a 52 week high of $118.56. The stock has a market cap of $21.46 billion, a PE ratio of 164.55, a P/E/G ratio of 2.72 and a beta of 1.71. The company’s fifty day moving average price is $110.95 and its two-hundred day moving average price is $97.17. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating the consensus estimate of $1.25 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts predict that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry announced that its board has authorized a stock buyback plan on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Tapestry’s payout ratio is presently 253.97%.

Insider Activity at Tapestry

In other news, Director Alan Ka Ming Lau sold 11,320 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the transaction, the director owned 8,153 shares in the company, valued at $865,767.07. This trade represents a 58.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the sale, the vice president owned 21,098 shares in the company, valued at $2,089,756.90. This represents a 27.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Tapestry

A number of hedge funds have recently modified their holdings of the business. Schroder Investment Management Group lifted its position in Tapestry by 1,661.6% during the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after acquiring an additional 3,775,593 shares during the period. Norges Bank bought a new position in shares of Tapestry during the second quarter valued at approximately $227,248,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Tapestry by 250.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock valued at $277,295,000 after purchasing an additional 1,750,566 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Tapestry by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after purchasing an additional 939,227 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Tapestry by 2,547.4% in the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock worth $83,917,000 after purchasing an additional 919,569 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Tapestry Company Profile

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.