Tapestry, Inc. (NYSE:TPR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Tapestry, Inc. (NYSE:TPR) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $126.0526.

Several brokerages have recently issued reports on TPR. UBS Group boosted their price objective on Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Guggenheim assumed coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a research note on Tuesday, January 6th. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and cut their price objective for the company from $142.00 to $138.00 in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, November 7th.

Tapestry Stock Performance

Shares of TPR opened at $130.89 on Friday. The firm has a fifty day moving average of $119.56 and a 200-day moving average of $111.46. The company has a market cap of $26.79 billion, a price-to-earnings ratio of 116.86, a price-to-earnings-growth ratio of 2.69 and a beta of 1.63. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. Tapestry has a 1 year low of $58.39 and a 1 year high of $136.04.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm posted $0.84 EPS. Tapestry’s quarterly revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, 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, December 22nd. Investors of record on Friday, December 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s payout ratio is presently 142.86%.

Tapestry announced that its Board of Directors has approved a stock buyback program on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider David E. Howard sold 25,029 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the sale, the insider owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. The trade was a 31.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd Kahn sold 29,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the completion of the sale, the chief executive officer owned 86,736 shares of the company’s stock, valued at approximately $8,919,062.88. This trade represents a 25.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,485 shares of company stock worth $12,034,058 in the last quarter. 1.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Tapestry

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First PREMIER Bank acquired a new position in Tapestry in the second quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the 3rd quarter valued at $26,000. Vestor Capital LLC bought a new stake in shares of Tapestry during the 2nd quarter worth $27,000. Triumph Capital Management acquired a new position in shares of Tapestry in the 3rd quarter worth $29,000. Finally, CVA Family Office LLC raised its position in shares of Tapestry by 224.8% during the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares during the period. 90.77% of the stock is currently owned by 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.