Tapestry (NYSE:TPR) Releases FY 2027 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 7.800-7.900 for the period, compared to the consensus estimate of 7.820. The company issued revenue guidance of $8.4 billion-$8.5 billion, compared to the consensus revenue estimate of $8.5 billion.

Tapestry Price Performance

TPR opened at $128.56 on Friday. The business has a fifty day moving average of $146.70 and a 200 day moving average of $144.74. Tapestry has a 52-week low of $92.62 and a 52-week high of $164.80. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a market cap of $25.98 billion, a P/E ratio of 41.21, a PEG ratio of 1.39 and a beta of 1.43.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, sell-side analysts anticipate that Tapestry will post 6.98 EPS for the current year.

Tapestry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.85 annualized dividend and a yield of 1.4%. This is a boost from Tapestry’s previous quarterly dividend of $0.40. Tapestry’s payout ratio is 51.28%.

Wall Street Analysts Forecast Growth

TPR has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company restated an “overweight” rating and issued a $160.00 target price on shares of Tapestry in a research note on Thursday. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. UBS Group reaffirmed a “buy” rating on shares of Tapestry in a research note on Friday. Finally, BTIG Research reiterated a “buy” rating on shares of Tapestry in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.12.

Insiders Place Their Bets

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is currently owned by company insiders.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Fiscal fourth-quarter results exceeded expectations. Tapestry reported adjusted earnings of $1.32 per share, above the $1.28 consensus estimate, while revenue rose 8.9% year over year to $1.88 billion, slightly ahead of forecasts. Tapestry Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Coach remained the key growth engine. Strong demand at the Coach brand helped drive sales growth, margin expansion and stronger cash generation, despite tariff-related pressure. Tapestry Q4 Earnings Beat on Coach Growth and Margin Expansion
• Positive Sentiment: Tapestry raised its quarterly dividend by 15.6%. The new dividend is $0.4625 per share, payable September 21 to shareholders of record September 4, implying an annualized yield of approximately 1.4%.
• Positive Sentiment: Shareholder returns remain a priority. Management is targeting approximately $1.7 billion in shareholder returns and forecast fiscal 2027 earnings per share of $7.80 to $7.90, broadly in line with analyst expectations. Tapestry Fiscal 2027 Forecast and Shareholder Returns
• Neutral Sentiment: Fiscal 2027 earnings guidance was near consensus. Tapestry forecast EPS of $7.80 to $7.90 versus consensus of $7.82, but projected revenue of $8.4 billion to $8.5 billion, with the midpoint slightly below the $8.5 billion analyst estimate.
• Negative Sentiment: The sales outlook disappointed investors. The forecast signals slower growth ahead, while management acknowledged that Kate Spade’s recovery is taking longer than expected. This raised concerns about brand momentum and overshadowed the quarterly earnings beat. Tapestry Forecasts Weak Annual Sales as Kate Spade Struggles

Hedge Funds Weigh In On Tapestry

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in Tapestry by 3.8% in the fourth quarter. State Street Corp now owns 9,578,111 shares of the luxury accessories retailer’s stock worth $1,223,795,000 after buying an additional 348,334 shares in the last quarter. Schroder Investment Management Group boosted its position in Tapestry by 92.8% during the 4th quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock valued at $1,194,678,000 after acquiring an additional 4,500,850 shares in the last quarter. AQR Capital Management LLC boosted its position in Tapestry by 21.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock valued at $487,708,000 after acquiring an additional 760,646 shares in the last quarter. Morgan Stanley increased its holdings in shares of Tapestry by 8.9% in the 4th quarter. Morgan Stanley now owns 3,327,212 shares of the luxury accessories retailer’s stock valued at $425,118,000 after acquiring an additional 270,973 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Tapestry by 7.6% in the 3rd quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock valued at $325,034,000 after acquiring an additional 203,520 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Tapestry Company Profile

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.