Tapestry’s (TPR) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Tapestry (NYSE:TPR) in a report published on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $125.00 price objective on the luxury accessories retailer’s stock. Telsey Advisory Group also issued estimates for Tapestry’s Q3 2026 earnings at $1.00 EPS, FY2026 earnings at $5.62 EPS, Q2 2027 earnings at $2.43 EPS, Q3 2027 earnings at $1.15 EPS, Q4 2027 earnings at $1.24 EPS and FY2027 earnings at $6.25 EPS.

A number of other brokerages also recently weighed in on TPR. Jefferies Financial Group raised their target price on shares of Tapestry from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI boosted their target price on shares of Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their target price on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Bank of America lowered shares of Tapestry from a “buy” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $115.00 in a research report on Tuesday, July 29th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Tapestry Stock Up 1.1%

Shares of NYSE TPR opened at $104.78 on Friday. The company has a market cap of $21.69 billion, a price-to-earnings ratio of 166.00, a PEG ratio of 2.72 and a beta of 1.71. The firm’s fifty day moving average is $110.95 and its 200 day moving average is $97.62. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77. Tapestry has a 52 week low of $49.84 and a 52 week high of $118.56.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $0.84 EPS. Tapestry’s 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. On average, equities research analysts expect that Tapestry will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, December 5th. Tapestry’s dividend payout ratio (DPR) is 142.86%.

Tapestry announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, VP Manesh Dadlani sold 7,882 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the transaction, the vice president owned 21,098 shares in the company, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan Ka Ming Lau sold 11,320 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the transaction, the director directly owned 8,153 shares of the company’s stock, valued at approximately $865,767.07. The trade was a 58.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On Tapestry

A number of large investors have recently made changes to their positions in TPR. Harbour Investments Inc. raised its stake in Tapestry by 120.1% in the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock worth $25,000 after acquiring an additional 197 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Tapestry in the first quarter worth about $25,000. First PREMIER Bank acquired a new stake in shares of Tapestry during the second quarter worth about $25,000. Cloud Capital Management LLC purchased a new stake in Tapestry in the third quarter valued at approximately $26,000. Finally, Vestor Capital LLC acquired a new position in Tapestry in the 2nd quarter worth approximately $27,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

About Tapestry

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.