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

Tapestry, Inc. (NYSE:TPR) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $122.00.

TPR has been the subject of a number of research reports. Robert W. Baird set a $140.00 target price on shares of Tapestry in a report on Wednesday, December 17th. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Tapestry in a research report on Wednesday, December 17th. Wells Fargo & Company upped their price target on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group lifted their price objective on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 6th.

Insider Activity at Tapestry

In related news, 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 transaction, the chief executive officer owned 86,736 shares of the company’s stock, valued at approximately $8,919,062.88. This represents a 25.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Denise Kulikowsky sold 583 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the sale, the insider owned 19,285 shares of the company’s stock, valued at $2,221,053.45. The trade was a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last 90 days. Company insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Flaharty Asset Management LLC purchased a new stake in Tapestry during the 1st quarter valued at approximately $25,000. First PREMIER Bank bought a new position in shares of Tapestry during the second quarter worth $25,000. Cloud Capital Management LLC purchased a new position in Tapestry during the third quarter valued at $26,000. Vestor Capital LLC bought a new stake in Tapestry in the 2nd quarter valued at $27,000. Finally, Triumph Capital Management bought a new stake in Tapestry in the 3rd quarter valued at $29,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Tapestry Stock Down 0.6%

Tapestry stock opened at $129.51 on Wednesday. Tapestry has a one year low of $58.39 and a one year high of $131.40. The stock has a fifty day moving average of $113.96 and a 200 day moving average of $107.43. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The stock has a market cap of $26.50 billion, a PE ratio of 115.64, a price-to-earnings-growth ratio of 2.68 and a beta of 1.65.

Tapestry (NYSE:TPR) last released 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 116.42% and a net margin of 3.77%.The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $0.84 EPS. The business’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, sell-side analysts predict that Tapestry will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 5th. Tapestry’s dividend payout ratio is presently 142.86%.

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

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.