Tapestry’s (TPR) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Tapestry (NYSE:TPR) in a research note published on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $150.00 target price on the luxury accessories retailer’s stock.

A number of other equities research analysts also recently weighed in on TPR. Barclays lifted their price target on shares of Tapestry from $154.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. The Goldman Sachs Group increased their target price on Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Argus upgraded Tapestry to a “strong-buy” rating in a research report on Friday, January 16th. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. One research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Tapestry Price Performance

Tapestry stock opened at $126.81 on Friday. The company has a market capitalization of $25.95 billion, a price-to-earnings ratio of 113.23, a PEG ratio of 2.17 and a beta of 1.63. 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 $136.04. The stock’s 50 day moving average is $124.65 and its 200-day moving average is $113.92.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Equities research analysts expect that Tapestry will post 4.91 EPS for the current year.

Tapestry announced that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s payout ratio is presently 142.86%.

Insiders Place Their Bets

In related news, insider David E. Howard sold 25,029 shares of Tapestry stock in a transaction that occurred on 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 sale, the insider directly owned 55,354 shares in the company, valued at $5,673,785. This trade represents a 31.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the completion of the sale, the chief financial officer directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. This represents a 11.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,485 shares of company stock worth $12,034,058 over the last quarter. 1.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

A number of hedge funds and other institutional investors have recently made changes to their positions in TPR. Steph & Co. increased its position in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Tapestry in the 3rd quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry during the fourth quarter worth $31,000. Triumph Capital Management acquired a new stake in shares of Tapestry during the third quarter worth $29,000. Finally, Vestor Capital LLC bought a new position in Tapestry during the second quarter worth $27,000. 90.77% of the stock is owned by institutional investors and hedge funds.

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.