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

Shares of Tapestry, Inc. (NYSE:TPR) have received an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $160.6667.

Several research analysts have weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Insider Buying and Selling

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TPR. Woodline Partners LP grew its position in shares of Tapestry by 25.0% during the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after purchasing an additional 3,495 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Tapestry during the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC bought a new stake in shares of Tapestry during the 2nd quarter worth approximately $602,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Tapestry during the 2nd quarter worth approximately $6,307,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Tapestry by 13.8% during the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Stock Down 1.2%

Tapestry stock opened at $138.92 on Friday. The stock has a market cap of $28.07 billion, a P/E ratio of 44.53, a P/E/G ratio of 1.43 and a beta of 1.45. 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 has a twelve month low of $76.92 and a twelve month high of $161.97. The company’s 50-day moving average price is $142.16 and its two-hundred day moving average price is $134.53.

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

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s dividend payout ratio is presently 51.28%.

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.