Tapestry, Inc. (NYSE:TPR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Tapestry, Inc. (NYSE:TPR) have received a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $153.8889.

A number of brokerages recently issued reports on TPR. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. UBS Group lifted their price target on shares of Tapestry from $141.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Robert W. Baird lifted their price target on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th.

Tapestry Trading Down 1.5%

TPR opened at $142.83 on Tuesday. The firm has a market capitalization of $28.92 billion, a P/E ratio of 59.02, a P/E/G ratio of 1.71 and a beta of 1.46. The firm’s 50 day moving average is $147.31 and its 200-day moving average is $131.64. Tapestry has a 52-week low of $70.81 and a 52-week high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts expect that Tapestry will post 6.46 EPS for the current fiscal year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were paid 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 was Friday, March 6th. Tapestry’s payout ratio is 66.12%.

Insiders Place Their Bets

In related news, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares in the company, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Manesh Dadlani sold 2,147 shares of Tapestry stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total transaction of $329,500.09. Following the completion of the sale, the vice president owned 18,475 shares of the company’s stock, valued at approximately $2,835,358.25. This trade represents a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Tapestry

A number of hedge funds have recently added to or reduced their stakes in the business. LGT Fund Management Co Ltd. acquired a new position in Tapestry in the first quarter worth $3,739,000. Diversify Wealth Management LLC acquired a new position in Tapestry in the first quarter worth $818,000. Citizens Financial Group Inc. RI boosted its holdings in Tapestry by 11.8% in the first quarter. Citizens Financial Group Inc. RI now owns 3,659 shares of the luxury accessories retailer’s stock worth $516,000 after purchasing an additional 387 shares during the period. Fifth Third Bancorp boosted its holdings in Tapestry by 300.1% in the first quarter. Fifth Third Bancorp now owns 66,952 shares of the luxury accessories retailer’s stock worth $9,448,000 after purchasing an additional 50,217 shares during the period. Finally, American Trust acquired a new position in Tapestry in the first quarter worth $468,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.