Tapestry (NYSE:TPR) Releases FY 2026 Earnings Guidance

Tapestry (NYSE:TPR) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 6.950-6.950 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

TPR has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on shares of Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. Weiss Ratings upgraded Tapestry from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and upped their target price for the stock from $142.00 to $187.00 in a research note on Friday. Finally, Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and an average price target of $160.67.

Tapestry Stock Performance

TPR traded up $2.91 on Friday, reaching $133.43. The stock had a trading volume of 4,316,187 shares, compared to its average volume of 2,201,738. Tapestry has a 12-month low of $76.29 and a 12-month high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The business’s 50-day moving average price is $146.44 and its two-hundred day moving average price is $132.25. The company has a market cap of $27.01 billion, a P/E ratio of 55.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.35. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts forecast that Tapestry will post 6.5 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insiders Place Their Bets

In other Tapestry news, Director Anne Gates sold 6,498 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the transaction, the director directly owned 22,698 shares in the company, valued at approximately $3,490,725.42. This represents a 22.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the sale, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by insiders.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks article

Institutional Trading of Tapestry

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in Tapestry by 1,742.3% in the 4th quarter. Sunbelt Securities Inc. now owns 1,437 shares of the luxury accessories retailer’s stock valued at $184,000 after purchasing an additional 1,359 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Tapestry by 7.4% during the fourth quarter. Compound Planning Inc. now owns 9,223 shares of the luxury accessories retailer’s stock worth $1,178,000 after buying an additional 636 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Tapestry by 306.5% in the fourth quarter. Corient Private Wealth LLC now owns 232,246 shares of the luxury accessories retailer’s stock valued at $29,674,000 after buying an additional 175,109 shares during the last quarter. Virtue Capital Management LLC lifted its stake in shares of Tapestry by 1,864.7% in the fourth quarter. Virtue Capital Management LLC now owns 11,199 shares of the luxury accessories retailer’s stock worth $1,445,000 after buying an additional 10,629 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Tapestry by 4.4% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,944 shares of the luxury accessories retailer’s stock worth $632,000 after buying an additional 207 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.