Tapestry, Inc. (NYSE:TPR) Receives $126.05 Average PT from Analysts

Tapestry, Inc. (NYSE:TPR) has been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $129.1053.

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Robert W. Baird set a $140.00 price target on Tapestry in a research note on Wednesday, December 17th. Raymond James Financial increased their price objective on Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. lifted their target price on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Finally, BTIG Research began coverage on shares of Tapestry in a report on Tuesday, October 14th. They issued a “buy” rating and a $140.00 price target on the stock.

Tapestry Price Performance

Shares of TPR stock opened at $129.53 on Friday. Tapestry has a fifty-two week low of $58.39 and a fifty-two week high of $136.04. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The firm has a market capitalization of $26.51 billion, a price-to-earnings ratio of 115.65, a PEG ratio of 2.29 and a beta of 1.63. The stock’s 50-day simple moving average is $121.74 and its 200-day simple moving average is $112.45.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. Tapestry’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities analysts forecast that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a $0.40 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Tapestry’s dividend payout ratio is presently 142.86%.

Tapestry declared that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider David E. Howard sold 25,029 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the sale, the insider owned 55,354 shares in the company, valued at $5,673,785. This represents a 31.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the sale, the insider directly owned 19,285 shares in the company, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,485 shares of company stock valued at $12,034,058 in the last 90 days. 1.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tapestry

Hedge funds and other institutional investors have recently made changes to their positions in the company. First PREMIER Bank acquired a new position in shares of Tapestry in the 2nd quarter valued at $25,000. Cloud Capital Management LLC acquired a new position in shares of Tapestry in the third quarter worth about $26,000. Vestor Capital LLC purchased a new stake in shares of Tapestry during the 2nd quarter worth about $27,000. Triumph Capital Management purchased a new stake in shares of Tapestry during the 3rd quarter worth about $29,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

About Tapestry

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.