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

Tapestry, Inc. (NYSE:TPR) has earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $151.0556.

Several equities research analysts have commented on the company. Telsey Advisory Group upped their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a report on Friday, February 6th. Argus set a $165.00 price target on shares of Tapestry in a report on Thursday, March 12th. BTIG Research raised their price target on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th.

Tapestry Stock Performance

NYSE TPR opened at $141.35 on Friday. The firm has a market capitalization of $28.62 billion, a P/E ratio of 58.41, a PEG ratio of 1.73 and a beta of 1.59. The stock has a 50-day simple moving average of $144.75 and a two-hundred day simple moving average of $126.65. 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 has a fifty-two week low of $58.39 and a fifty-two week high of $161.97.

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

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Insider Transactions at Tapestry

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the firm’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 sale, the director directly owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott A. Roe sold 44,290 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total value of $6,759,539.80. Following the completion of the sale, the chief financial officer owned 139,128 shares of the company’s stock, valued at $21,233,715.36. This trade represents a 24.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 164,956 shares of company stock worth $25,297,262 over the last quarter. Company insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new stake in Tapestry in the 3rd quarter worth $26,000. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the fourth quarter valued at $28,000. Triumph Capital Management purchased a new position in Tapestry during the third quarter valued at $29,000. Steph & Co. grew its position 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. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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.