Tapestry (NYSE:TPR) Updates FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 5.300-5.450 for the period, compared to the consensus earnings per share estimate of 5.088. The company issued revenue guidance of $7.2 billion-$7.2 billion, compared to the consensus revenue estimate of $7.0 billion.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TPR. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price (up previously from $92.00) on shares of Tapestry in a report on Monday. Bank of America lowered shares of Tapestry from a “buy” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $115.00 in a research report on Tuesday, July 29th. Citigroup upped their price objective on shares of Tapestry from $81.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Morgan Stanley raised their price objective on shares of Tapestry from $90.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, UBS Group restated a “neutral” rating and set a $112.00 price target (up from $73.00) on shares of Tapestry in a research report on Monday, August 4th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.56.

Tapestry Stock Up 2.5%

Shares of Tapestry stock opened at $113.65 on Thursday. The business has a fifty day simple moving average of $96.10 and a 200 day simple moving average of $82.33. The stock has a market cap of $23.60 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.51. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 1.59. Tapestry has a 12 month low of $37.79 and a 12 month high of $114.05.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Tapestry had a return on equity of 51.84% and a net margin of 12.50%. Research analysts predict that Tapestry will post 4.91 EPS for the current year.

Institutional Investors Weigh In On Tapestry

Several large investors have recently bought and sold shares of TPR. Brown Advisory Inc. raised its holdings in Tapestry by 13.8% during the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after buying an additional 439 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Tapestry in the first quarter valued at approximately $493,000. Woodline Partners LP increased its position in shares of Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Tapestry during the second quarter worth $6,307,000. Institutional investors own 90.77% of the company’s stock.

About Tapestry

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.