Tapestry (NYSE:TPR) Issues FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 5.450-5.600 for the period, compared to the consensus EPS estimate of 5.480. The company issued revenue guidance of $7.3 billion-$7.3 billion, compared to the consensus revenue estimate of $7.2 billion.

Tapestry Trading Up 2.6%

Shares of NYSE TPR traded up $2.57 during trading hours on Friday, hitting $101.38. The company’s stock had a trading volume of 1,575,271 shares, compared to its average volume of 4,495,852. Tapestry has a 12 month low of $49.84 and a 12 month high of $118.56. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 160.70, a P/E/G ratio of 2.72 and a beta of 1.71. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The business has a 50-day simple moving average of $110.91 and a 200-day simple moving average of $96.89.

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

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.6%. Tapestry’s dividend payout ratio is presently 253.97%.

Tapestry announced that its Board of Directors has approved a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI increased their target price on Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday. The Goldman Sachs Group raised their price target on shares of Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Tapestry in a research note on Friday. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.35.

Insider Transactions at Tapestry

In related news, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction dated 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. The trade was a 58.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Manesh Dadlani sold 7,882 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the transaction, the vice president owned 21,098 shares in the company, valued at $2,089,756.90. This represents a 27.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tapestry

Institutional investors have recently modified their holdings of the company. MUFG Securities EMEA plc purchased a new position in shares of Tapestry in the 2nd quarter valued at approximately $54,000. Voya Financial Advisors Inc. purchased a new position in shares of Tapestry in the second quarter valued at $203,000. Benjamin Edwards Inc. acquired a new position in Tapestry during the second quarter worth about $233,000. Curi Capital LLC purchased a new stake in Tapestry in the 2nd quarter valued at approximately $239,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Tapestry during the second quarter valued at $265,000. 90.77% of the stock is owned by institutional investors and hedge funds.

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.