Tapestry (NYSE:TPR – Free Report) had its price target increased by Barclays from $185.00 to $195.00 in a report issued on Friday,Benzinga reports. Barclays currently has an overweight rating on the luxury accessories retailer’s stock.
A number of other research firms have also weighed in on TPR. BTIG Research reduced their price objective on Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 14th. UBS Group dropped their target price on Tapestry from $232.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. TD Cowen started coverage on Tapestry in a research note on Friday, October 30th. They issued a “strong-buy” rating on the stock. BNP Paribas Exane raised their price target on Tapestry from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Argus reduced their price target on Tapestry from $165.00 to $148.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.72.
Check Out Our Latest Stock Analysis on Tapestry
Tapestry Stock Down 0.9%
NYSE:TPR traded down $1.14 during mid-day trading on Friday, hitting $133.03. 3,332,569 shares of the company’s stock were exchanged, compared to its average volume of 2,427,080. Tapestry has a one year low of $99.00 and a one year high of $164.80. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25. The business has a fifty day moving average price of $117.41 and a 200 day moving average price of $136.95. The company has a market cap of $26.52 billion, a PE ratio of 17.12, a P/E/G ratio of 1.53 and a beta of 1.44.
Tapestry (NYSE:TPR – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The luxury accessories retailer reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.26. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Tapestry will post 7.98 EPS for the current year.
Tapestry Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Friday, December 4th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, December 4th. Tapestry’s dividend payout ratio (DPR) is currently 25.38%.
Insiders Place Their Bets
In other Tapestry news, insider Denise Kulikowsky sold 5,810 shares of Tapestry stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $115.38, for a total value of $670,357.80. Following the completion of the sale, the insider owned 21,136 shares of the company’s stock, valued at approximately $2,438,671.68. This trade represents a 21.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joanne Crevoiserat sold 27,761 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $132.47, for a total value of $3,677,499.67. Following the completion of the transaction, the chief executive officer owned 666,149 shares of the company’s stock, valued at $88,244,758.03. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.28% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Tapestry
Large investors have recently bought and sold shares of the business. World Investment Advisors lifted its stake in Tapestry by 3.6% during the 1st quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock valued at $279,000 after acquiring an additional 69 shares during the period. Eastern Bank boosted its holdings in shares of Tapestry by 24.4% during the 2nd quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock valued at $57,000 after acquiring an additional 77 shares during the last quarter. NewEdge Wealth LLC grew its stake in shares of Tapestry by 2.7% in the first quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock worth $450,000 after acquiring an additional 85 shares during the period. Ashton Thomas Securities LLC grew its stake in shares of Tapestry by 4.7% in the first quarter. Ashton Thomas Securities LLC now owns 2,002 shares of the luxury accessories retailer’s stock worth $283,000 after acquiring an additional 90 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Tapestry by 0.6% during the third quarter. Allworth Financial LP now owns 15,429 shares of the luxury accessories retailer’s stock valued at $1,775,000 after purchasing an additional 95 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.
Key Headlines Impacting Tapestry
Here are the key news stories impacting Tapestry this week:
- Positive Sentiment: Tapestry reported adjusted EPS of $1.82, above the $1.56 consensus, and revenue of $1.89 billion, topping the $1.85 billion estimate and rising 11.1% year over year. Strong Coach demand, international growth, and improved margins helped drive the beat. Article: TPR Q1 Earnings Beat Estimate on Coach Gains, FY27 Outlook Raised
- Positive Sentiment: The company raised its fiscal 2027 outlook after a stronger-than-expected start to the year. Reports also highlighted Coach’s appeal among younger shoppers and management’s view that U.S. consumers remain resilient heading into the holiday season. Article: Tapestry lifts annual forecasts as young shoppers snap up Coach bags
- Positive Sentiment: Barclays raised its price target to $195 from $185 and maintained an Overweight rating; Wells Fargo raised its target to $155 from $150, also keeping an Overweight rating. These moves signal continued analyst confidence following the results. Barclays rating information Wells Fargo rating information
- Neutral Sentiment: Tapestry declared a quarterly dividend of $0.4625 per share, payable December 21 to shareholders of record December 4. The annualized dividend is $1.85 per share, a yield of about 1.4%. Article: Tapestry reports fiscal 2027 first-quarter results and raises outlook
About Tapestry
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