Tapestry (NYSE:TPR) Updates FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.400-6.450 for the period, compared to the consensus earnings per share estimate of 5.660. The company issued revenue guidance of $7.8 billion-$7.8 billion, compared to the consensus revenue estimate of $7.4 billion.

Tapestry Price Performance

Tapestry stock traded up $13.19 during mid-day trading on Thursday, reaching $143.11. The company had a trading volume of 6,512,412 shares, compared to its average volume of 2,448,356. The stock’s 50-day simple moving average is $125.90 and its 200-day simple moving average is $114.39. Tapestry has a 1 year low of $58.39 and a 1 year high of $145.42. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.52 and a quick ratio of 0.93. The company has a market capitalization of $29.29 billion, a P/E ratio of 127.78, a P/E/G ratio of 2.18 and a beta of 1.63.

Tapestry (NYSE:TPR) last released its quarterly 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 116.42% and a net margin of 3.77%.The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the firm posted $2.00 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities analysts predict that Tapestry will post 4.91 EPS for the current year.

Tapestry declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on TPR shares. UBS Group boosted their price objective on shares of Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Raymond James Financial lifted their target price on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Robert W. Baird set a $140.00 price target on shares of Tapestry in a report on Wednesday, December 17th. Barclays increased 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. Finally, BTIG Research started coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and a consensus price target of $131.05.

Insider Buying and Selling at Tapestry

In other Tapestry news, CFO Scott A. Roe sold 18,794 shares of the 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 transaction, the chief financial officer owned 148,149 shares of the company’s stock, valued at $15,533,422.65. This represents a 11.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Todd Kahn sold 29,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.83, for a total value of $2,982,070.00. Following the sale, the chief executive officer owned 86,736 shares in the company, valued at $8,919,062.88. This trade represents a 25.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is owned by corporate insiders.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry reported fiscal Q2 results that beat consensus — $2.69 EPS vs. $2.20 expected and $2.50B revenue vs. $2.29B expected — with revenue up 14% year/year; management raised FY‑2026 EPS guidance to $6.40–$6.45 (well above consensus). This is the primary catalyst lifting the stock. Business Wire: Q2 Results
• Positive Sentiment: Strong demand for Coach — notably the Tabby handbag — drove the holiday-quarter outperformance and was highlighted by multiple outlets as the engine of growth, providing confidence that the turnaround is sustainable. Reuters: Tabby handbag fuels quarter
• Positive Sentiment: Analysts reacted positively: Telsey Advisory reaffirmed an Outperform and set a $150 target, and Evercore ISI raised its target to $150 — analyst support helps underpin the near‑term move. Benzinga: Telsey note Evercore ISI raises PT
• Positive Sentiment: Market reaction included record intraday highs and elevated volume as investors priced in stronger growth and the raised outlook. Schaeffer’s: Record highs
• Neutral Sentiment: Full earnings materials and the conference‑call transcript are available for deeper read‑throughs (investors will want to check margin commentary, channel mix and inventory flow). MarketBeat: Earnings & transcript Seeking Alpha: Call transcript
• Negative Sentiment: Not all brands are equally strong — management said Coach offset declines at Kate Spade, which highlights brand‑level dispersion that could limit uniform upside if Kate Spade recovery lags. WSJ: Coach offset Kate Spade weakness
• Negative Sentiment: Valuation and capital structure remain watchpoints — the shares trade at a high P/E and the company shows elevated debt metrics vs. peers, which could amplify downside if growth slows. (See public filings and analyst notes for details.)

Institutional Trading of Tapestry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock valued at $1,044,995,000 after acquiring an additional 1,494,193 shares in the last quarter. Voloridge Investment Management LLC raised its position in Tapestry by 160.5% in the third quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock valued at $213,592,000 after purchasing an additional 1,162,442 shares during the period. Two Sigma Investments LP lifted its stake in shares of Tapestry by 426.8% during the third quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer’s stock worth $127,092,000 after purchasing an additional 909,433 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Tapestry by 21.4% in the third quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock worth $487,708,000 after buying an additional 760,646 shares during the period. Finally, Amundi boosted its position in shares of Tapestry by 69.6% in the third quarter. Amundi now owns 1,726,876 shares of the luxury accessories retailer’s stock worth $199,437,000 after buying an additional 708,492 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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.