Tapestry, Inc. (NYSE:TPR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Tapestry, Inc. has received a consensus rating of "Moderate Buy" from 21 research firms, with an average target price of $106.47.
• The company reported an earnings per share (EPS) of $1.04 for the last quarter, exceeding expectations, while a quarterly dividend of $0.40 has been announced, reflecting an increase from the previous dividend of $0.35.
• Tapestry's recent insider transactions showed significant stock sales by executives, indicating a 27.20% and 58.13% decrease in ownership stakes among key insiders.

Shares of Tapestry, Inc. (NYSE:TPR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $106.4737.

TPR has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 price objective on shares of Tapestry in a research report on Thursday. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $112.00 price objective on shares of Tapestry in a research report on Friday, August 15th. Morgan Stanley upped their price objective on shares of Tapestry from $90.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Tapestry from $139.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, UBS Group dropped their target price on shares of Tapestry from $112.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th.

Tapestry Trading Down 0.3%

NYSE:TPR opened at $106.55 on Monday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. The firm has a 50-day moving average of $103.86 and a 200-day moving average of $85.54. The company has a market cap of $22.18 billion, a PE ratio of 169.13, a PEG ratio of 2.57 and a beta of 1.52. Tapestry has a one year low of $42.06 and a one year high of $114.05.

Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results 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. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. As a group, equities research analysts expect that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry Increases Dividend

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

Insider Transactions at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 7,882 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the transaction, the vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Ka Ming Lau sold 11,320 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the transaction, the director owned 8,153 shares in the company, valued at approximately $865,767.07. The trade was a 58.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth lifted its stake in shares of Tapestry by 33.3% during the 4th quarter. Focus Partners Wealth now owns 19,816 shares of the luxury accessories retailer's stock valued at $1,295,000 after buying an additional 4,952 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tapestry by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 113,637 shares of the luxury accessories retailer's stock valued at $7,427,000 after buying an additional 534 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Tapestry by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,513 shares of the luxury accessories retailer's stock valued at $4,280,000 after buying an additional 5,251 shares in the last quarter. NorthRock Partners LLC purchased a new stake in shares of Tapestry during the 4th quarter valued at approximately $284,000. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of Tapestry during the 4th quarter valued at approximately $225,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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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