Analysts Set Tapestry, Inc. (NYSE:TPR) Price Target at $151.06

Shares of Tapestry, Inc. (NYSE:TPR) have been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on 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.

Several research firms have issued reports on TPR. BNP Paribas Exane began coverage on Tapestry in a report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target on the stock. The Goldman Sachs Group set a $166.00 price target on Tapestry in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 1st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th.

Insider Activity at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total transaction of $329,500.09. Following the sale, the vice president directly owned 18,475 shares of the company’s stock, valued at $2,835,358.25. The trade was a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Gates sold 6,498 shares of the business’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 sale, the director directly owned 22,698 shares in the company, valued at approximately $3,490,725.42. This trade represents a 22.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Several large investors have recently added to or reduced their stakes in TPR. Cloud Capital Management LLC acquired a new stake in Tapestry during the 3rd quarter valued at $26,000. Acumen Wealth Advisors LLC acquired a new stake in Tapestry during the 4th quarter valued at $28,000. Triumph Capital Management acquired a new stake in Tapestry during the 3rd quarter valued at $29,000. Steph & Co. raised its stake in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Tapestry during the 4th quarter valued at $31,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Price Performance

NYSE TPR opened at $139.61 on Friday. The stock has a market capitalization of $28.27 billion, a P/E ratio of 57.69, a P/E/G ratio of 1.69 and a beta of 1.59. Tapestry has a 1 year low of $58.39 and a 1 year high of $161.97. The business’s fifty day moving average is $145.57 and its two-hundred day moving average is $127.50. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts forecast that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. 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.