Brokers Set Expectations for Tapestry FY2028 Earnings

Key Points

• Tapestry, Inc. is expected to earn $6.82 per share in FY2028, significantly higher than the current estimate of $4.91 per share according to analysts from Telsey Advisory Group.
• Multiple investment firms have set varying price targets for Tapestry stock, with Morgan Stanley recently increasing it from $90.00 to $115.00, indicating a growing optimism about the company's future performance.
• Tapestry has increased its quarterly dividend to $0.40 per share, reflecting a commitment to returning value to shareholders despite a high dividend payout ratio of 253.97%.

Tapestry, Inc. (NYSE:TPR - Free Report) - Investment analysts at Telsey Advisory Group issued their FY2028 earnings per share (EPS) estimates for Tapestry in a note issued to investors on Thursday, September 11th. Telsey Advisory Group analyst D. Telsey forecasts that the luxury accessories retailer will earn $6.82 per share for the year. Telsey Advisory Group currently has a "Outperform" rating and a $125.00 target price on the stock. The consensus estimate for Tapestry's current full-year earnings is $4.91 per share.

TPR has been the subject of several other reports. Morgan Stanley increased their price objective on Tapestry from $90.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $112.00 price target on shares of Tapestry in a research report on Friday, August 15th. TD Cowen raised Tapestry from a "hold" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Thursday, June 12th. UBS Group decreased their price target on Tapestry from $112.00 to $105.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, Cowen reaffirmed a "buy" rating on shares of Tapestry in a research report on Thursday, August 7th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.47.

Tapestry Stock Performance

Shares of Tapestry stock opened at $106.55 on Monday. The company has a market cap of $22.18 billion, a PE ratio of 169.13, a price-to-earnings-growth ratio of 2.57 and a beta of 1.52. Tapestry has a 52 week low of $42.06 and a 52 week high of $114.05. The business has a 50 day moving average price of $103.86 and a 200-day moving average price of $85.54. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77.

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 firm had revenue of $1.72 billion during 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 company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS.

Tapestry Increases Dividend

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

Insider Buying and Selling at Tapestry

In related news, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction 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 of the company's stock, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the sale, the director directly owned 8,153 shares of the company's stock, valued at $865,767.07. This represents a 58.13% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tapestry

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in Tapestry by 50.8% during the second quarter. Osaic Holdings Inc. now owns 28,943 shares of the luxury accessories retailer's stock valued at $2,517,000 after buying an additional 9,755 shares during the period. Centaurus Financial Inc. bought a new stake in Tapestry during the second quarter valued at $135,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in Tapestry during the second quarter worth about $822,000. Clarion Wealth Managment Partners LLC bought a new stake in Tapestry during the second quarter worth about $1,317,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Tapestry during the second quarter worth about $265,000. Institutional investors own 90.77% of the company's stock.

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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