Tapestry, Inc. (TPR) to Issue Quarterly Dividend of $0.40 on March 23rd

Tapestry, Inc. (NYSE:TPR) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.40 per share by the luxury accessories retailer on Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th.

Tapestry has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Tapestry has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Tapestry to earn $5.30 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 30.2%.

Tapestry Price Performance

Shares of TPR stock opened at $153.96 on Wednesday. The stock’s fifty day simple moving average is $139.18 and its 200 day simple moving average is $120.58. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The firm has a market cap of $31.17 billion, a price-to-earnings ratio of 63.62, a P/E/G ratio of 1.87 and a beta of 1.55. Tapestry has a one year low of $58.39 and a one year high of $161.97.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts expect that Tapestry will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Tapestry

In other Tapestry news, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This represents a 25.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 165,539 shares of company stock worth $25,364,406 in the last ninety days. Insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Great Diamond Partners LLC purchased a new stake in Tapestry in the third quarter worth approximately $2,395,000. Three Seasons Wealth LLC purchased a new stake in Tapestry in the third quarter worth $1,882,000. Stevens Capital Partners bought a new stake in shares of Tapestry in the 3rd quarter worth approximately $8,880,000. Fisher Asset Management LLC raised its holdings in Tapestry by 5,027.6% in the second quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock worth $43,904,000 after buying an additional 490,237 shares during the last quarter. Finally, Abacus FCF Advisors LLC bought a new stake in shares of Tapestry in the third quarter worth $17,332,000. 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.