Brokers Offer Predictions for Tapestry FY2027 Earnings

Tapestry, Inc. (NYSE:TPR) – Stock analysts at Telsey Advisory Group issued their FY2027 earnings per share estimates for shares of Tapestry in a research report issued to clients and investors on Thursday, September 11th. Telsey Advisory Group analyst D. Telsey forecasts that the luxury accessories retailer will post earnings per share of $6.15 for the year. Telsey Advisory Group currently has a “Outperform” rating and a $125.00 target price on the stock. The consensus estimate for Tapestry’s current full-year earnings is $4.91 per share.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS.

Other equities analysts have also recently issued research reports about the company. Cowen reiterated a “buy” rating on shares of Tapestry in a research note on Thursday, August 7th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 6th. Argus raised their target price on Tapestry from $78.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Morgan Stanley raised their target price on Tapestry from $90.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, UBS Group cut their target price on Tapestry from $112.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.47.

Tapestry Stock Performance

Shares of TPR opened at $106.55 on Friday. The stock has a 50-day simple moving average of $103.86 and a 200-day simple moving average of $85.54. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The stock has a market capitalization of $22.18 billion, a PE ratio of 169.13, a PEG ratio of 2.68 and a beta of 1.52. Tapestry has a 1 year low of $42.06 and a 1 year high of $114.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in shares of Tapestry by 120.1% in the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock valued at $25,000 after purchasing an additional 197 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Tapestry in the first quarter valued at approximately $25,000. First PREMIER Bank purchased a new stake in shares of Tapestry in the second quarter valued at approximately $25,000. Vestor Capital LLC purchased a new stake in shares of Tapestry in the second quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tapestry in the first quarter valued at approximately $29,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the transaction, the director owned 8,153 shares of the company’s stock, valued at $865,767.07. The trade was a 58.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the transaction, the vice president directly owned 21,098 shares in the company, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Tapestry Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.5%. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, September 5th. Tapestry’s dividend payout ratio is presently 253.97%.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.