Tapestry, Inc. (NYSE:TPR) Receives Average Recommendation of “Moderate Buy” from Analysts

Tapestry, Inc. (NYSE:TPR) has received a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $147.00.

A number of analysts recently commented on the company. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Robert W. Baird set a $160.00 price objective on shares of Tapestry in a report on Friday, February 6th. BNP Paribas Exane started coverage on shares of Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. Wells Fargo & Company increased their target price on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st.

Insider Transactions at Tapestry

In other news, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares in the company, valued at $21,233,715.36. The trade was a 24.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer owned 671,193 shares of the company’s stock, valued at $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 164,956 shares of company stock valued at $25,297,262. Insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of large investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in shares of Tapestry by 21.7% during the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after acquiring an additional 108,278 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Tapestry by 1,331.4% during the third quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock worth $4,470,000 after acquiring an additional 36,720 shares during the period. Great Diamond Partners LLC bought a new stake in Tapestry in the 3rd quarter valued at $2,395,000. Three Seasons Wealth LLC acquired a new position in Tapestry in the 3rd quarter worth $1,882,000. Finally, Stevens Capital Partners acquired a new position in Tapestry in the 3rd quarter worth $8,880,000. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Down 3.7%

Shares of TPR opened at $144.10 on Monday. The business’s fifty day moving average price is $140.38 and its two-hundred day moving average price is $121.66. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 1.73 and a beta of 1.55. Tapestry has a 52 week low of $58.39 and a 52 week high of $161.97. 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 (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts predict 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 will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s payout ratio is currently 66.12%.

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.