Tapestry (NYSE:TPR) Reaches New 12-Month High on Earnings Beat

Shares of Tapestry, Inc. (NYSE:TPR) reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $142.22 and last traded at $135.1550, with a volume of 1797989 shares changing hands. The stock had previously closed at $129.92.

The luxury accessories retailer reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. Tapestry’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio is presently 142.86%.

Tapestry announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

More Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 results: Tapestry reported $2.69 EPS on $2.50B revenue (both above consensus) and raised FY2026 EPS guidance to $6.40–$6.45, signaling stronger underlying demand and margin leverage. Tapestry press release
• Positive Sentiment: Coach strength / product momentum: Management cited surging Coach demand (notably Tabby handbags) as the driver of the blowout holiday quarter — this brand-level outperformance is the main catalyst for upside. Tapestry lifts annual forecasts (Reuters)
• Positive Sentiment: Market reaction & price targets: Shares hit record highs after the print; analysts (Telsey, Evercore and others) reaffirmed/outperformed and raised price targets (e.g., $150), supporting near‑term upside. Tapestry Stock Hits Record Highs (Schaeffers)
• Positive Sentiment: Dividend: Board declared a quarterly dividend of $0.40/share (record Mar 6; pay Mar 23), which modestly supports income investors and signals confidence in cash flow. Dividend declaration (MarketBeat)
• Neutral Sentiment: Earnings call/transcript: Management reiterated strategy (Amplify) and gave color on brand execution — useful for modeling but no surprise items beyond the beats. Earnings call transcript (Seeking Alpha)
• Neutral Sentiment: Analyst detail pieces: Coverage (Zacks, TipRanks) breaks down metrics vs. estimates — helpful for deeper due diligence but not market-moving on its own. Zacks analysis
• Negative Sentiment: Short-term dispersion: Some headlines noted a recent one‑day pullback (MarketWatch), reminding investors that intraday volatility can follow sharp rallies; watch near‑term technicals and elevated valuation metrics. MarketWatch: stock falls Tuesday

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Raymond James Financial raised their price objective on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Guggenheim assumed coverage on shares of Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. UBS Group lifted their price target on shares of Tapestry from $105.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company increased their price objective on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and an average price target of $131.05.

Insider Buying and Selling

In related news, CEO Todd Kahn sold 10,344 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $107.00, for a total value of $1,106,808.00. Following the sale, the chief executive officer owned 131,815 shares in the company, valued at approximately $14,104,205. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Roe sold 18,794 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following the transaction, the chief financial officer directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. The trade was a 11.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,485 shares of company stock valued at $12,034,058 over the last quarter. 1.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

Several institutional investors have recently bought and sold shares of TPR. Steph & Co. boosted its stake in shares of Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Tapestry in the third quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new position in Tapestry in the fourth quarter valued at $31,000. Triumph Capital Management acquired a new position in Tapestry during the 3rd quarter worth $29,000. Finally, Cornerstone Planning Group LLC increased its holdings in Tapestry by 2,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after purchasing an additional 272 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Trading Up 10.2%

The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The company has a market cap of $29.29 billion, a PE ratio of 127.78, a P/E/G ratio of 2.23 and a beta of 1.63. The company has a fifty day simple moving average of $126.55 and a two-hundred day simple moving average of $114.59.

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.