Shares of Tapestry, Inc. (NYSE:TPR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $175.1250.
A number of equities analysts have commented on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $185.00 target price (up from $180.00) on shares of Tapestry in a report on Friday, August 14th. Telsey Advisory Group boosted their target price on Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Morgan Stanley dropped their price target on Tapestry from $164.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Wells Fargo & Company reduced their price objective on Tapestry from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on Tapestry from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th.
Get Our Latest Analysis on Tapestry
Insider Buying and Selling
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Groupe la Francaise increased its position in shares of Tapestry by 20.7% during the second quarter. Groupe la Francaise now owns 89,507 shares of the luxury accessories retailer’s stock valued at $13,113,000 after acquiring an additional 15,360 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Tapestry in the 2nd quarter worth approximately $43,929,000. California State Teachers Retirement System lifted its holdings in shares of Tapestry by 14,151.5% in the 2nd quarter. California State Teachers Retirement System now owns 45,170,672 shares of the luxury accessories retailer’s stock worth $6,612,083,000 after acquiring an additional 44,853,719 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Tapestry by 2.2% during the 2nd quarter. Wedmont Private Capital now owns 5,241 shares of the luxury accessories retailer’s stock worth $738,000 after purchasing an additional 115 shares during the period. Finally, Nilsine Partners LLC boosted its position in shares of Tapestry by 6.4% during the 2nd quarter. Nilsine Partners LLC now owns 3,955 shares of the luxury accessories retailer’s stock worth $579,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Tapestry Stock Down 0.1%
Shares of NYSE TPR opened at $122.01 on Monday. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.42. The company’s 50-day simple moving average is $140.70 and its 200-day simple moving average is $143.32. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 3.44. Tapestry has a 52-week low of $93.00 and a 52-week high of $164.80.
Tapestry (NYSE:TPR – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities analysts predict that Tapestry will post 7.94 EPS for the current fiscal year.
Tapestry Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.5%. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, September 4th. Tapestry’s payout ratio is 25.38%.
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.
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