Brokers Set Expectations for Tapestry FY2027 Earnings

Key Points

• Telsey Advisory Group forecasts Tapestry will achieve an earnings per share of $6.15 for FY2027, significantly higher than the current consensus estimate of $4.91.
• Several analysts have maintained or upgraded their ratings on Tapestry, with target prices ranging from $100.00 to $125.00, reflecting positive sentiment towards the company's performance.
• Tapestry has increased its quarterly dividend to $0.40 per share, up from $0.35, indicating a commitment to returning value to shareholders.

Tapestry, Inc. (NYSE:TPR - Free Report) - Analysts at Telsey Advisory Group issued their FY2027 earnings per share estimates for shares of Tapestry in a research report issued to clients and investors on Thursday, September 11th. Telsey Advisory Group analyst D. Telsey forecasts that the luxury accessories retailer will post earnings per share of $6.15 for the year. Telsey Advisory Group has a "Outperform" rating and a $125.00 price target on the stock. The consensus estimate for Tapestry's current full-year earnings is $4.91 per share.

A number of other equities analysts have also recently issued reports on TPR. Raymond James Financial reiterated an "outperform" rating and set a $115.00 target price (up previously from $85.00) on shares of Tapestry in a report on Tuesday, July 22nd. TD Cowen upgraded Tapestry from a "hold" rating to a "buy" rating and set a $100.00 target price for the company in a report on Thursday, June 12th. UBS Group lowered their target price on Tapestry from $112.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Bank of America cut Tapestry from a "buy" rating to a "neutral" rating and increased their target price for the stock from $95.00 to $115.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Tapestry from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 6th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Tapestry currently has a consensus rating of "Moderate Buy" and an average target price of $106.47.

Tapestry Price Performance

TPR stock opened at $107.01 on Friday. The stock has a 50-day moving average price of $103.55 and a two-hundred day moving average price of $85.38. The stock has a market cap of $22.27 billion, a PE ratio of 169.85, a price-to-earnings-growth ratio of 2.65 and a beta of 1.52. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. Tapestry has a 1 year low of $41.38 and a 1 year high of $114.05.

Tapestry (NYSE:TPR - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Tapestry by 2.4% during the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer's stock worth $2,274,536,000 after buying an additional 606,686 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tapestry by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer's stock worth $482,125,000 after buying an additional 158,782 shares in the last quarter. SRS Investment Management LLC increased its holdings in shares of Tapestry by 12.4% during the second quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer's stock worth $468,275,000 after buying an additional 589,000 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer's stock worth $351,487,000 after buying an additional 3,775,593 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Tapestry by 36.0% in the second quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer's stock worth $311,388,000 after purchasing an additional 939,227 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Manesh Dadlani sold 7,882 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the completion of the sale, the vice president owned 21,098 shares in the company, valued at $2,089,756.90. The trade was a 27.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Tapestry Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.40 per share. This is a boost from Tapestry's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 5th. Tapestry's dividend payout ratio is presently 253.97%.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

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