Tapestry, Inc. (NYSE:TPR) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

A number of analysts have issued reports on the company. Argus set a $165.00 price objective on Tapestry in a research note on Thursday. BNP Paribas Exane started coverage on Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. TD Cowen reissued a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research report on Friday, February 6th. Finally, Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and decreased their price target for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th.

Insider Activity

In related news, Director Anne Gates sold 6,498 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the completion of the transaction, the director owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. This trade represents a 22.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Manesh Dadlani sold 2,147 shares of Tapestry stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Tapestry

A number of institutional investors and hedge funds have recently modified their holdings of TPR. Fisher Asset Management LLC boosted its position 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 valued at $68,868,000 after buying an additional 108,278 shares during the period. DNB Asset Management AS grew its stake in shares of Tapestry by 1,331.4% during 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 during the last quarter. Great Diamond Partners LLC purchased a new stake in shares of Tapestry in the third quarter worth approximately $2,395,000. Three Seasons Wealth LLC purchased a new stake in shares of Tapestry in the third quarter worth approximately $1,882,000. Finally, Stevens Capital Partners bought a new stake in shares of Tapestry during the 3rd quarter worth approximately $8,880,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Down 0.4%

TPR opened at $142.12 on Monday. The company has a market capitalization of $28.77 billion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The firm has a 50-day simple moving average of $141.96 and a two-hundred day simple moving average of $123.25. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry has a 52 week low of $58.39 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm 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 period in the previous year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts forecast that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s payout ratio is 66.12%.

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.