Tapestry (NYSE:TPR) Issues FY 2027 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 7.800-7.900 for the period, compared to the consensus estimate of 7.820. The company issued revenue guidance of $8.4 billion-$8.5 billion, compared to the consensus revenue estimate of $8.5 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Telsey Advisory Group lifted their target price on shares of Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group raised their price objective on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $180.00 price objective on shares of Tapestry in a research report on Tuesday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $164.00 price objective on shares of Tapestry in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and a consensus target price of $175.44.

Tapestry Stock Performance

NYSE:TPR opened at $153.57 on Thursday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The firm has a market cap of $31.03 billion, a PE ratio of 49.22, a P/E/G ratio of 1.46 and a beta of 1.43. The firm has a 50 day simple moving average of $146.94 and a 200-day simple moving average of $144.75. Tapestry has a 1-year low of $92.62 and a 1-year high of $164.80.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. On average, equities analysts expect that Tapestry will post 6.98 EPS for the current year.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction on Tuesday, May 26th. The stock was 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 of the company’s stock, 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 through this link. 1.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

Large investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC acquired a new position in shares of Tapestry during the 4th quarter valued at about $28,000. Triumph Capital Management acquired a new position in Tapestry during the third quarter worth approximately $29,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Tapestry during the fourth quarter worth approximately $32,000. DV Equities LLC purchased a new position in Tapestry during the fourth quarter worth approximately $37,000. Finally, HM Payson & Co. boosted its holdings in shares of Tapestry by 125.8% in the 4th quarter. HM Payson & Co. now owns 289 shares of the luxury accessories retailer’s stock valued at $37,000 after purchasing an additional 161 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.