Tapestry (NYSE:TPR) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Tapestry (NYSE:TPR) from a buy rating to a strong-buy rating in a research note published on Monday.

A number of other analysts have also issued reports on TPR. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and cut their price target for the stock from $142.00 to $138.00 in a report on Wednesday, January 14th. BTIG Research lifted their price objective on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 6th. Argus set a $165.00 price objective on shares of Tapestry in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Trading Down 0.2%

TPR opened at $141.82 on Monday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The stock’s 50 day moving average price is $142.23 and its 200-day moving average price is $123.53. Tapestry has a one year low of $58.39 and a one year high of $161.97. The stock has a market cap of $28.71 billion, a price-to-earnings ratio of 58.60, a P/E/G ratio of 1.71 and a beta of 1.55.

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

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio is presently 66.12%.

Insiders Place Their Bets

In other news, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the sale, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the completion of the sale, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at $103,947,659.91. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by corporate insiders.

Institutional Trading of Tapestry

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC bought a new position in shares of Tapestry in the 4th quarter worth $28,000. Steph & Co. boosted its position in Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Tapestry in the third quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in Tapestry in the fourth quarter valued at about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Tapestry in the fourth quarter worth about $32,000. Institutional investors 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.