Tapestry, Inc. (NYSE:TPR) to Issue $0.40 Quarterly Dividend

Tapestry, Inc. (NYSE:TPR) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, March 6th will be given 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th.

Tapestry has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Tapestry has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of TPR stock traded up $13.19 during mid-day trading on Thursday, hitting $143.11. 6,512,412 shares of the stock were exchanged, compared to its average volume of 2,448,356. The stock’s fifty day simple moving average is $125.90 and its two-hundred day simple moving average is $114.39. The stock has a market capitalization of $29.29 billion, a price-to-earnings ratio of 127.78, a P/E/G ratio of 2.18 and a beta of 1.63. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. Tapestry has a 12-month low of $58.39 and a 12-month high of $145.42.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter 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 forecast that Tapestry will post 4.91 EPS for the current year.

Insider Activity

In related news, insider David E. Howard sold 25,029 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 55,354 shares in the company, valued at approximately $5,673,785. This represents a 31.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Roe sold 18,794 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the sale, the chief financial officer owned 148,149 shares of the company’s stock, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,485 shares of company stock worth $12,034,058 in the last quarter. Insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. North Dakota State Investment Board purchased a new position in shares of Tapestry during the 4th quarter valued at approximately $2,417,000. Elyxium Wealth LLC bought a new position in shares of Tapestry in the 4th quarter worth about $60,000. Soltis Investment Advisors LLC lifted its holdings in Tapestry by 13.4% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,104 shares of the luxury accessories retailer’s stock worth $269,000 after acquiring an additional 249 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of Tapestry by 4.4% in the 4th quarter. iA Global Asset Management Inc. now owns 38,082 shares of the luxury accessories retailer’s stock worth $4,866,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Accredited Investors Inc. bought a new stake in Tapestry in the fourth quarter valued at $215,000. Hedge funds and other 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.