Tapestry, Inc. (NYSE:TPR) Receives $147.00 Average Target Price from Analysts

Shares of Tapestry, Inc. (NYSE:TPR) have received a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $151.0556.

Several brokerages recently issued reports on TPR. Guggenheim started coverage on Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company raised their price target on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and lowered their price objective for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th.

Tapestry Trading Down 0.4%

Shares of TPR opened at $142.12 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The firm’s 50-day moving average is $141.96 and its two-hundred day moving average is $122.94. Tapestry has a twelve month low of $58.39 and a twelve month high of $161.97. The firm has a market capitalization of $28.77 billion, a P/E ratio of 58.73, a PEG ratio of 1.71 and a beta of 1.55.

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

Tapestry Announces Dividend

The firm also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Insiders Place Their Bets

In related news, VP Manesh Dadlani sold 2,147 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the sale, the vice president owned 18,475 shares of the company’s stock, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Gates sold 6,498 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the sale, the director owned 22,698 shares in the company, valued at approximately $3,490,725.42. This trade represents a 22.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 164,956 shares of company stock valued at $25,297,262. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of large investors have recently made changes to their positions in TPR. Fisher Asset Management LLC lifted its stake in shares of Tapestry by 21.7% during the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after purchasing an additional 108,278 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Tapestry by 1,331.4% in the third quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after buying an additional 36,720 shares in the last quarter. Great Diamond Partners LLC purchased a new stake in shares of Tapestry during the 3rd quarter valued at about $2,395,000. Three Seasons Wealth LLC purchased a new stake in shares of Tapestry during the 3rd quarter valued at about $1,882,000. Finally, Stevens Capital Partners acquired a new position in Tapestry during the 3rd quarter worth approximately $8,880,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.