Tapestry, Inc. (NYSE:TPR) Receives $122.00 Average Price Target from Analysts

Tapestry, Inc. (NYSE:TPR) has earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $122.00.

Several brokerages recently commented on TPR. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. BTIG Research started coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Barclays raised their price objective on shares of Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Finally, Wells Fargo & Company lifted their target price on Tapestry from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th.

Insider Buying and Selling at Tapestry

In other news, insider Denise Kulikowsky sold 583 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the sale, 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 is available at this hyperlink. Also, insider David E. Howard sold 25,029 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares of the company’s stock, valued at $5,673,785. The trade was a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tapestry

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Tapestry by 72.8% during the 1st quarter. Wellington Management Group LLP now owns 274,215 shares of the luxury accessories retailer’s stock worth $19,307,000 after acquiring an additional 115,528 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Tapestry by 26.8% in the first quarter. Compound Planning Inc. now owns 7,248 shares of the luxury accessories retailer’s stock valued at $510,000 after purchasing an additional 1,532 shares in the last quarter. FORA Capital LLC purchased a new stake in Tapestry during the 1st quarter worth approximately $6,780,000. Redwood Investment Management LLC acquired a new stake in Tapestry during the 1st quarter worth approximately $1,317,000. Finally, Ieq Capital LLC boosted its position in Tapestry by 124.9% in the 1st quarter. Ieq Capital LLC now owns 145,687 shares of the luxury accessories retailer’s stock valued at $10,258,000 after buying an additional 80,908 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Stock Performance

TPR opened at $131.23 on Wednesday. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 117.17, a PEG ratio of 2.68 and a beta of 1.65. The firm’s fifty day simple moving average is $113.43 and its two-hundred day simple moving average is $106.37. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. Tapestry has a 52-week low of $58.39 and a 52-week high of $131.40.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.84 EPS. Tapestry’s quarterly revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Equities analysts anticipate that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio is presently 142.86%.

Tapestry declared that its board has approved a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

About Tapestry

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.