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

Tapestry, Inc. (NYSE:TPR) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $122.00.

TPR has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a report on Wednesday, December 17th. Barclays boosted their price objective on shares of Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Wells Fargo & Company boosted their price target on shares of Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th.

Insider Activity

In related news, insider Denise Kulikowsky sold 583 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the transaction, the insider directly owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the transaction, the chief executive officer owned 667,233 shares in the company, valued at approximately $70,266,307.23. The trade was a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 115,485 shares of company stock worth $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Tapestry by 72.8% during the 1st quarter. Wellington Management Group LLP now owns 274,215 shares of the luxury accessories retailer’s stock worth $19,307,000 after purchasing an additional 115,528 shares during the last quarter. Compound Planning Inc. lifted its stake in Tapestry by 26.8% in the 1st quarter. Compound Planning Inc. now owns 7,248 shares of the luxury accessories retailer’s stock valued at $510,000 after purchasing an additional 1,532 shares during the last quarter. FORA Capital LLC bought a new position in Tapestry during the first quarter worth about $6,780,000. Redwood Investment Management LLC acquired a new position in Tapestry during the first quarter worth approximately $1,317,000. Finally, Ieq Capital LLC increased its position in Tapestry by 124.9% during the first quarter. Ieq Capital LLC now owns 145,687 shares of the luxury accessories retailer’s stock worth $10,258,000 after buying an additional 80,908 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Up 0.3%

TPR opened at $129.30 on Wednesday. The stock has a market capitalization of $26.46 billion, a P/E ratio of 115.45, a P/E/G ratio of 2.65 and a beta of 1.65. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. Tapestry has a 12 month low of $58.39 and a 12 month high of $130.28. The firm’s fifty day simple moving average is $112.62 and its 200 day simple moving average is $105.68.

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 the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, research analysts anticipate that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

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

Tapestry declared that its board has authorized a share 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 purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.