Tapestry (NYSE:TPR) Issues FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 6.400-6.450 for the period, compared to the consensus EPS estimate of 5.660. The company issued revenue guidance of $7.8 billion-$7.8 billion, compared to the consensus revenue estimate of $7.4 billion.

Tapestry Trading Up 2.6%

TPR stock opened at $130.27 on Thursday. The company has a market capitalization of $26.66 billion, a PE ratio of 116.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.63. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. Tapestry has a one year low of $58.39 and a one year high of $136.04. The company’s 50 day moving average price is $125.90 and its two-hundred day moving average price is $114.39.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.53. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, analysts predict that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have weighed in on TPR. JPMorgan Chase & Co. increased their price objective on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Barclays upped their target price on Tapestry from $154.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a report on Friday, January 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group raised their target price on shares of Tapestry from $129.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $131.05.

Insider Activity at Tapestry

In other Tapestry news, insider David E. Howard sold 25,029 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the sale, the insider directly owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. The trade was a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total value of $3,342,012.85. Following the completion of the sale, the chief executive officer directly owned 667,233 shares in the company, valued at approximately $70,266,307.23. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,485 shares of company stock worth $12,034,058 over the last 90 days. 1.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sivia Capital Partners LLC purchased a new position in Tapestry during the second quarter valued at approximately $602,000. Hilltop Holdings Inc. purchased a new stake in shares of Tapestry in the third quarter worth $266,000. FORA Capital LLC bought a new stake in shares of Tapestry during the 3rd quarter valued at $212,000. CreativeOne Wealth LLC bought a new stake in shares of Tapestry during the 3rd quarter valued at $205,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Tapestry during the 2nd quarter valued at $265,000. 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.