Tapestry, Inc. (TPR) to Issue Quarterly Dividend of $0.40 on June 22nd

Tapestry, Inc. (NYSE:TPR) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.40 per share by the luxury accessories retailer on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th.

Tapestry has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. Tapestry has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tapestry to earn $7.10 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 22.5%.

Tapestry Price Performance

Shares of NYSE TPR opened at $133.43 on Friday. Tapestry has a 1-year low of $76.29 and a 1-year high of $161.97. The business has a 50-day moving average of $146.44 and a 200-day moving average of $132.25. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.10. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.45 and a beta of 1.45.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.35. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s 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. On average, equities analysts anticipate that Tapestry will post 6.95 EPS for the current fiscal year.

Insider Buying and Selling at Tapestry

In other Tapestry news, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total value of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares in the company, valued at approximately $21,233,715.36. The trade was a 24.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the completion of the transaction, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tapestry

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Tapestry during the 3rd quarter worth approximately $26,000. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the 4th quarter worth approximately $28,000. Triumph Capital Management acquired a new stake in shares of Tapestry during the 3rd quarter valued at $29,000. Steph & Co. boosted its stake 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. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry during the 4th quarter valued at $31,000. 90.77% of the stock is currently 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.