Tapestry, Inc. (NYSE:TPR) Receives $169.88 Average PT from Analysts

Tapestry, Inc. (NYSE:TPR) has received a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $170.0588.

TPR has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $164.00 price target on shares of Tapestry in a research report on Monday, July 6th. UBS Group lifted their price objective on Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a research note on Thursday, April 23rd. Evercore set a $175.00 target price on Tapestry in a report on Friday, May 8th. Finally, Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

A number of institutional investors have recently modified their holdings of the company. Woodline Partners LP boosted its position in Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Tapestry in the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC acquired a new position in Tapestry in the 2nd quarter valued at $602,000. Arrowstreet Capital Limited Partnership acquired a new position in Tapestry in the 2nd quarter valued at $6,307,000. Finally, Brown Advisory Inc. lifted its stake in shares of Tapestry by 13.8% during the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Up 2.9%

NYSE:TPR opened at $144.29 on Friday. Tapestry has a 52-week low of $92.62 and a 52-week high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a fifty day simple moving average of $141.27 and a 200-day simple moving average of $142.05. The company has a market capitalization of $29.15 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities research analysts expect that Tapestry will post 6.96 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 51.28%.

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.