Tapestry, Inc. (NYSE:TPR) Receives $126.05 Average PT from Brokerages

Shares of Tapestry, Inc. (NYSE:TPR) have been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $129.1053.

Several research analysts recently commented on TPR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Barclays raised their price target on Tapestry from $154.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Robert W. Baird set a $140.00 price objective on Tapestry in a research report on Wednesday, December 17th. Wells Fargo & Company increased their target price on Tapestry from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised their target price on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, November 17th.

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the sale, the insider owned 19,285 shares in the company, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David E. Howard sold 25,029 shares of Tapestry stock in a transaction dated 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 in the company, valued at approximately $5,673,785. This trade represents a 31.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 115,485 shares of company stock valued at $12,034,058 in the last three months. Company insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of institutional investors and hedge funds have recently modified their holdings of TPR. Schroder Investment Management Group boosted its stake in shares of Tapestry by 1,661.6% in the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after purchasing an additional 3,775,593 shares in the last quarter. Norges Bank acquired a new position in Tapestry in the second quarter valued at about $227,248,000. Massachusetts Financial Services Co. MA boosted its position in Tapestry by 250.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock valued at $277,295,000 after buying an additional 1,750,566 shares in the last quarter. State Street Corp grew its stake in Tapestry by 19.3% during the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after buying an additional 1,494,193 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of Tapestry by 160.5% during the third quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock worth $213,592,000 after buying an additional 1,162,442 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Tapestry Stock Performance

Shares of NYSE TPR opened at $129.14 on Friday. The business’s 50-day simple moving average is $120.59 and its 200-day simple moving average is $112.19. 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 52 week low of $58.39 and a 52 week high of $136.04. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 115.30, a P/E/G ratio of 2.69 and a beta of 1.63.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities research analysts expect that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry announced that its board has initiated a stock repurchase program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a $0.40 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is presently 142.86%.

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.