Tapestry (NYSE:TPR) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Tapestry (NYSE:TPR) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

A number of other analysts have also commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 target price on shares of Tapestry in a report on Friday, February 6th. Citigroup increased their price target on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Guggenheim began coverage on Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, BTIG Research upped their price objective on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Stock Performance

Tapestry stock opened at $144.42 on Wednesday. The company has a market cap of $29.24 billion, a PE ratio of 59.68, a PEG ratio of 1.69 and a beta of 1.59. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry has a 1 year low of $58.39 and a 1 year high of $161.97. The company’s 50-day moving average is $144.51 and its two-hundred day moving average is $126.54.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities analysts anticipate that Tapestry will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Insider Activity at Tapestry

In related news, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $151.34, for a total value of $6,025,602.10. Following the completion of the sale, the chief executive officer owned 120,578 shares in the company, valued at $18,248,274.52. This represents a 24.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the sale, the insider owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. This represents a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tapestry

Several large investors have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the third quarter worth about $26,000. Acumen Wealth Advisors LLC acquired a new position in shares of Tapestry in the 4th quarter valued at approximately $28,000. Triumph Capital Management bought a new stake in Tapestry during the 3rd quarter worth approximately $29,000. Steph & Co. increased its stake in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Tapestry during the 4th quarter worth approximately $31,000. 90.77% of the stock is currently owned by institutional investors.

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.