Tapestry (NYSE:TPR) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Tapestry (NYSE:TPR) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

Several other research firms have also weighed in on TPR. UBS Group restated a “neutral” rating and set a $141.00 price target on shares of Tapestry in a research report on Monday, February 9th. Argus upgraded Tapestry to a “strong-buy” rating in a report on Friday, January 16th. Robert W. Baird set a $160.00 target price on shares of Tapestry in a report on Friday, February 6th. Guggenheim assumed coverage on shares of Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Tapestry Price Performance

TPR stock opened at $144.10 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. Tapestry has a 1 year low of $58.39 and a 1 year high of $161.97. The firm has a 50-day moving average of $140.38 and a 200 day moving average of $121.66. The company has a market cap of $29.17 billion, a P/E ratio of 59.55, a PEG ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm posted $2.00 EPS. The business’s revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, sell-side analysts forecast that Tapestry will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insider Transactions at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Greco sold 14,245 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 164,956 shares of company stock valued at $25,297,262. Insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of institutional investors have recently made changes to their positions in TPR. Cloud Capital Management LLC bought a new position in Tapestry during the third quarter valued at approximately $26,000. Vestor Capital LLC bought a new stake in Tapestry in the 2nd quarter worth approximately $27,000. Acumen Wealth Advisors LLC purchased a new stake in Tapestry during the 4th quarter valued at $28,000. Triumph Capital Management purchased a new stake in Tapestry during the 3rd quarter valued at $29,000. Finally, Steph & Co. lifted its holdings in shares of Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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.