Tapestry, Inc. (NYSE:TPR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tapestry, Inc. (NYSE:TPR) has earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $147.00.

TPR has been the subject of a number of recent research reports. Evercore increased their target price on Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Wells Fargo & Company boosted their price target on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Telsey Advisory Group upped their price target on Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Citigroup increased their price objective on Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st.

Insider Transactions at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the transaction, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tapestry

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in Tapestry by 21.7% in the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after acquiring an additional 108,278 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Tapestry by 1,331.4% during the third quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock worth $4,470,000 after purchasing an additional 36,720 shares in the last quarter. Great Diamond Partners LLC acquired a new position in shares of Tapestry during the third quarter worth approximately $2,395,000. Stevens Capital Partners bought a new stake in shares of Tapestry during the third quarter valued at approximately $8,880,000. Finally, Three Seasons Wealth LLC bought a new stake in shares of Tapestry during the third quarter valued at approximately $1,882,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Price Performance

Shares of Tapestry stock opened at $144.10 on Monday. The firm has a market cap of $29.17 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The firm’s 50-day simple moving average is $140.38 and its 200-day simple moving average is $121.66. Tapestry has a twelve month low of $58.39 and a twelve month high of $161.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, research analysts expect that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is currently 66.12%.

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.