Tapestry (NYSE:TPR) Issues FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 6.950-6.950 for the period, compared to the consensus EPS estimate of 6.500. The company issued revenue guidance of $8.0 billion-$8.0 billion, compared to the consensus revenue estimate of $7.8 billion.

Tapestry Stock Up 5.5%

Shares of NYSE:TPR opened at $149.14 on Thursday. The stock has a market cap of $30.19 billion, a P/E ratio of 61.63, a P/E/G ratio of 1.69 and a beta of 1.45. Tapestry has a 1-year low of $73.65 and a 1-year high of $161.97. The firm has a fifty day moving average price of $146.93 and a 200 day moving average price of $132.15. 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 (NYSE:TPR) last issued its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.40. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts predict that Tapestry will post 6.46 EPS for the current year.

Analysts Set New Price Targets

TPR has been the topic of several recent research reports. Argus set a $165.00 price target on Tapestry in a research report on Thursday, March 12th. Citigroup boosted their price target on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and dropped their price target for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.89.

Insider Activity at Tapestry

In related news, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the sale, the chief executive officer owned 120,578 shares in the company, valued at $18,248,274.52. This represents a 24.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Scott A. Roe sold 44,290 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total value of $6,759,539.80. Following the completion of the sale, the chief financial officer owned 139,128 shares in the company, valued at approximately $21,233,715.36. This represents a 24.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,956 shares of company stock worth $25,297,262 in the last three months. 1.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tapestry

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Tapestry by 3.8% in the 4th quarter. State Street Corp now owns 9,578,111 shares of the luxury accessories retailer’s stock worth $1,223,795,000 after acquiring an additional 348,334 shares during the period. Schroder Investment Management Group grew its holdings in shares of Tapestry by 92.8% in the 4th quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock worth $1,194,678,000 after acquiring an additional 4,500,850 shares during the period. AQR Capital Management LLC lifted its stake in Tapestry by 21.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock valued at $487,708,000 after buying an additional 760,646 shares in the last quarter. Morgan Stanley lifted its stake in Tapestry by 8.9% in the 4th quarter. Morgan Stanley now owns 3,327,212 shares of the luxury accessories retailer’s stock valued at $425,118,000 after buying an additional 270,973 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Tapestry by 7.6% in the 3rd quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock valued at $325,034,000 after buying an additional 203,520 shares in the last quarter. Institutional investors and hedge funds 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.