Tapestry, Inc. (NYSE:TPR) Declares Quarterly Dividend of $0.40

Tapestry, Inc. (NYSE:TPR) declared a quarterly dividend on Thursday, May 7th. Investors of record on Friday, June 5th will be paid a dividend of 0.40 per share by the luxury accessories retailer on Monday, June 22nd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th.

Tapestry has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Tapestry has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tapestry to earn $7.10 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 22.5%.

Tapestry Stock Performance

Shares of NYSE:TPR opened at $130.18 on Friday. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. Tapestry has a 52 week low of $75.48 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. The firm has a 50 day moving average of $146.44 and a 200 day moving average of $132.25.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.35. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, sell-side analysts predict that Tapestry will post 6.5 earnings per share for the current fiscal year.

Insider Activity

In other Tapestry news, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider directly owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This trade represents a 25.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 164,956 shares of company stock valued at $25,297,262 in the last ninety days. 1.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

A number of institutional investors have recently added to or reduced their stakes in TPR. Woodline Partners LP increased its stake in shares of Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Tapestry during the 1st quarter valued at about $493,000. Sivia Capital Partners LLC acquired a new position in shares of Tapestry during the 2nd quarter valued at about $602,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Tapestry in the second quarter valued at about $6,307,000. Finally, Brown Advisory Inc. increased its position in Tapestry by 13.8% during the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after purchasing an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Company Profile

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.