Tapestry (NYSE:TPR) Sets New 12-Month High Following Strong Earnings

Tapestry, Inc. (NYSE:TPR) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $142.22 and last traded at $135.1550, with a volume of 1797989 shares changing hands. The stock had previously closed at $129.92.

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 business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio 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 repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 beat and materially raised FY‑2026 guidance — Tapestry reported $2.69 EPS vs. ~$2.20 consensus and $2.50B revenue (up 14% YoY); management raised FY26 EPS guidance to $6.40–$6.45 and lifted revenue plans (~$7.8B), signaling stronger-than-expected margin and top‑line momentum. Read More.
• Positive Sentiment: BTIG increased its price target to $175 and kept a “buy” rating — a meaningful upside signal from a sell‑side firm. Read More.
• Positive Sentiment: Citigroup raised its price target to $165 and moved to “buy,” reinforcing analyst enthusiasm after the quarter. Read More.
• Positive Sentiment: Evercore raised its target (to $150) — another upgrade contributing to bullish analyst momentum. Read More.
• Positive Sentiment: Declared dividend — Tapestry announced a $0.40 quarterly dividend (record/ex‑dividend date March 6), which supports income investors and signals confidence from the board.
• Positive Sentiment: Technical/market interest — Relative Strength (RS) rating jumped to 94 and the stock hit all‑time highs as investors digested the results, increasing momentum and retail/institutional attention. Read More.
• Neutral Sentiment: Telsey Advisory Group set an “outperform” rating with a $150 target (slightly below the intra‑day price), reflecting mixed near‑term upside expectations. Read More.
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper read of margin drivers, geographic trends and brand performance. These are useful for modeling but are informational rather than new catalysts. Read More.
• Negative Sentiment: At least one analyst argued Coach’s momentum is unsustainable and issued a downgrade note — a cautionary view that could temper enthusiasm if future comps slow. Read More.

Analyst Upgrades and Downgrades

TPR has been the subject of a number of research analyst reports. Argus raised shares of Tapestry to a “strong-buy” rating in a report on Friday, January 16th. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and cut their price objective for the stock from $142.00 to $138.00 in a report on Wednesday, January 14th. Telsey Advisory Group raised their price objective on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday. Guggenheim initiated coverage on Tapestry in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.33.

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 31,735 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $105.31, for a total value of $3,342,012.85. Following the completion of the sale, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David E. Howard sold 25,029 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the transaction, the insider owned 55,354 shares in the company, valued at $5,673,785. This represents a 31.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,485 shares of company stock valued at $12,034,058 over the last three months. 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 company. Cloud Capital Management LLC purchased a new stake in Tapestry in the third quarter worth $26,000. Vestor Capital LLC bought a new stake in shares of Tapestry during the 2nd quarter valued at $27,000. Triumph Capital Management bought a new stake in shares of Tapestry during the 3rd quarter valued at $29,000. Steph & Co. increased its stake in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Tapestry in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Performance

The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.93 and a current ratio of 1.63. The business’s 50-day moving average is $127.42 and its 200-day moving average is $114.91. The company has a market capitalization of $31.10 billion, a PE ratio of 62.80, a PEG ratio of 2.49 and a beta of 1.63.

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.