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

Shares of Tapestry, Inc. (NYSE:TPR) have received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $165.1176.

A number of equities analysts recently commented on TPR shares. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. BTIG Research reiterated a “buy” rating and issued a $180.00 price target on shares of Tapestry in a research note on Wednesday, June 10th. Finally, Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th.

Tapestry Stock Down 1.1%

NYSE:TPR opened at $149.39 on Wednesday. The company has a market capitalization of $30.18 billion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 1.53 and a beta of 1.42. Tapestry has a one year low of $82.53 and a one year high of $161.97. The stock has a 50-day simple moving average of $142.60 and a 200 day simple moving average of $138.40. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts predict that Tapestry will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Insider Buying and Selling

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC acquired a new position in Tapestry in the fourth quarter valued at approximately $28,000. Steph & Co. boosted its stake in Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after acquiring an additional 130 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Tapestry in the fourth quarter valued at approximately $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Tapestry in the fourth quarter valued at approximately $32,000. Finally, Triumph Capital Management acquired a new position in shares of Tapestry during the third quarter worth approximately $29,000. 90.77% of the stock is currently 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.