Tapestry (NYSE:TPR) Updates FY 2027 Earnings Guidance

Tapestry (NYSE:TPR) issued an update on its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 7.800-7.900 for the period, compared to the consensus earnings per share estimate of 7.820. The company issued revenue guidance of $8.4 billion-$8.5 billion, compared to the consensus revenue estimate of $8.5 billion.

Tapestry Price Performance

Shares of TPR opened at $153.57 on Thursday. The firm has a 50-day simple moving average of $146.94 and a two-hundred day simple moving average of $144.75. The stock has a market cap of $31.03 billion, a PE ratio of 49.22, a P/E/G ratio of 1.46 and a beta of 1.43. Tapestry has a 1-year low of $92.62 and a 1-year high of $164.80. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, analysts forecast that Tapestry will post 6.98 EPS for the current year.

Analyst Upgrades and Downgrades

TPR has been the subject of several research reports. Telsey Advisory Group lifted their target price on Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Barclays raised their price target on Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a report on Tuesday, June 2nd. UBS Group upped their target price on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tapestry from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.44.

Insiders Place Their Bets

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Institutional investors have recently modified their holdings of the business. Woodline Partners LP grew its holdings in Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Tapestry during the 1st quarter worth $493,000. Sivia Capital Partners LLC acquired a new stake in shares of Tapestry in the second quarter valued at about $602,000. Arrowstreet Capital Limited Partnership purchased a new stake in Tapestry during the second quarter worth about $6,307,000. Finally, Brown Advisory Inc. grew its position in Tapestry by 13.8% during the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after buying an additional 439 shares during the period. 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.