Tapestry (NYSE:TPR) Sets New 12-Month High – Time to Buy?

Tapestry, Inc. (NYSE:TPR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $157.00 and last traded at $152.88, with a volume of 2978600 shares traded. The stock had previously closed at $154.65.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group increased their target price on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research note on Friday. Finally, UBS Group reissued a “neutral” rating and issued a $141.00 price objective on shares of Tapestry in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Tapestry Stock Down 1.1%

The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The firm has a 50-day moving average of $129.14 and a 200 day moving average of $115.64. The stock has a market capitalization of $30.95 billion, a price-to-earnings ratio of 63.17, a PEG ratio of 2.39 and a beta of 1.63.

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

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Tapestry announced that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total transaction of $67,144.11. Following the transaction, the insider directly owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. The trade was a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Kahn sold 29,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the sale, the chief executive officer directly owned 86,736 shares of the company’s stock, valued at $8,919,062.88. This represents a 25.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,485 shares of company stock worth $12,034,058 in the last three months. 1.32% of the stock is owned by company insiders.

Institutional Trading of Tapestry

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC bought a new position in Tapestry in the 3rd quarter valued at about $26,000. Vestor Capital LLC acquired a new position in shares of Tapestry in the second quarter valued at approximately $27,000. Triumph Capital Management bought a new position in shares of Tapestry during the third quarter worth approximately $29,000. Steph & Co. lifted its holdings in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Tapestry in the 4th quarter valued at $31,000. 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.