Tapestry, Inc. (NYSE:TPR) Given Average Rating of “Moderate Buy” by Analysts

Tapestry, Inc. (NYSE:TPR) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $170.0588.

TPR has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $164.00 target price on shares of Tapestry in a report on Monday, July 6th. Barclays lifted their price target on shares of Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a report on Thursday. Evercore set a $175.00 price objective on shares of Tapestry in a research report on Friday, May 8th. BTIG Research restated a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a report on Wednesday, June 10th. Finally, Weiss Ratings cut shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th.

Insider Activity

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% 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. Company insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On Tapestry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its position in Tapestry by 0.8% during the second quarter. Wedge Capital Management L L P NC now owns 248,661 shares of the luxury accessories retailer’s stock valued at $36,399,000 after buying an additional 2,014 shares during the period. Tema ETFs LLC grew its position in shares of Tapestry by 10.0% in the 2nd quarter. Tema ETFs LLC now owns 6,371 shares of the luxury accessories retailer’s stock worth $933,000 after buying an additional 580 shares during the period. Fulton Bank N.A. grew its position in shares of Tapestry by 87.7% in the 2nd quarter. Fulton Bank N.A. now owns 6,053 shares of the luxury accessories retailer’s stock worth $886,000 after buying an additional 2,829 shares during the period. Vista Investment Partners LLC bought a new position in shares of Tapestry in the 2nd quarter worth about $4,830,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of Tapestry by 56.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 8,419 shares of the luxury accessories retailer’s stock worth $1,232,000 after acquiring an additional 3,030 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Tapestry Stock Down 1.9%

NYSE TPR opened at $141.43 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The stock has a market capitalization of $28.57 billion, a PE ratio of 45.33, a PEG ratio of 1.30 and a beta of 1.43. Tapestry has a 1 year low of $92.62 and a 1 year high of $161.97. The business’s 50-day moving average is $141.43 and its 200 day moving average is $142.04.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company posted $1.03 EPS. Tapestry’s quarterly revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts forecast that Tapestry will post 6.96 earnings per share for the current year.

Tapestry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Tapestry’s dividend payout ratio is presently 51.28%.

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.