Tapestry, Inc. (NYSE:TPR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Tapestry, Inc. (NYSE:TPR) have been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $165.1176.

A number of brokerages have recently issued reports on TPR. Citigroup boosted their price objective on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Argus set a $165.00 price objective on Tapestry in a report on Thursday, March 12th. Evercore set a $175.00 price objective on Tapestry in a report on Friday, May 8th. Finally, Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd.

Tapestry Trading Up 0.4%

Shares of NYSE:TPR opened at $144.07 on Wednesday. Tapestry has a 12-month low of $83.26 and a 12-month high of $161.97. The stock has a market cap of $29.11 billion, a PE ratio of 46.18, a P/E/G ratio of 1.46 and a beta of 1.42. The business has a 50 day moving average of $142.60 and a 200-day moving average of $139.13. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities research analysts forecast that Tapestry will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Insider Buying and Selling

In other news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares in the company, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tapestry

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acumen Wealth Advisors LLC acquired a new stake in shares of Tapestry in the fourth quarter valued at approximately $28,000. Steph & Co. raised its position in shares of Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry in the fourth quarter valued at approximately $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Tapestry during the fourth quarter valued at approximately $32,000. Finally, Triumph Capital Management bought a new stake in Tapestry during the third quarter worth $29,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.