Tapestry, Inc. (NYSE:TPR) Receives $151.06 Average PT from Brokerages

Shares of Tapestry, Inc. (NYSE:TPR) have been given an average rating of “Moderate Buy” by the twenty research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $151.0556.

Several equities research analysts have commented on the stock. BNP Paribas Exane began coverage on shares of Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target on the stock. UBS Group restated a “neutral” rating and set a $141.00 price objective on shares of Tapestry in a research report on Monday, February 9th. Robert W. Baird set a $160.00 target price on shares of Tapestry in a report on Friday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research note on Friday, February 6th. Finally, Telsey Advisory Group raised their target price on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th.

Tapestry Price Performance

Shares of NYSE:TPR opened at $141.35 on Friday. The stock has a market cap of $28.62 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 1.69 and a beta of 1.59. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. Tapestry has a 12 month low of $58.39 and a 12 month high of $161.97. The stock’s 50 day moving average price is $144.98 and its 200 day moving average price is $127.11.

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, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company posted $2.00 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts anticipate that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Insider Buying and Selling at Tapestry

In related news, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the transaction, the director directly 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 legal filing with the SEC, which is available through this link. Also, VP Manesh Dadlani sold 2,147 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the sale, the vice president directly owned 18,475 shares in the company, valued at $2,835,358.25. This trade represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by insiders.

Institutional Trading of Tapestry

Hedge funds have recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the third quarter worth approximately $26,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Tapestry in the 4th quarter valued at approximately $28,000. Triumph Capital Management acquired a new position in Tapestry in the 3rd quarter worth approximately $29,000. Steph & Co. grew its position in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Tapestry during the 4th quarter worth approximately $31,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.