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

Key Points

• Tapestry, Inc. has received an average consensus rating of "Moderate Buy" from twenty-two analysts, with a 12-month average price target of $108.42.
• Recently, Tapestry declared a quarterly dividend of $0.40, marking an increase from the previous $0.35 per share, with a current yield of 1.4%.
• Insider trading activity includes substantial share sales by director Alan Ka Ming Lau and VP Manesh Dadlani, indicating a 58.13% and 27.20% decrease in their stock ownership, respectively.

Tapestry, Inc. (NYSE:TPR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-two brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $108.4211.

A number of research firms have recently commented on TPR. Telsey Advisory Group restated an "outperform" rating and set a $125.00 price target on shares of Tapestry in a research report on Thursday, September 11th. Cowen restated a "buy" rating on shares of Tapestry in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Tapestry from $139.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Barclays boosted their price objective on Tapestry from $111.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Finally, Evercore ISI cut their price objective on Tapestry from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, August 15th.

Insider Buying and Selling at Tapestry

In related news, Director Alan Ka Ming Lau sold 11,320 shares of the company's 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 completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Manesh Dadlani sold 7,882 shares of the company's 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 transaction, the vice president owned 21,098 shares of the company's stock, valued at $2,089,756.90. This trade represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by insiders.

Institutional Trading of Tapestry

Several hedge funds and other institutional investors have recently bought and sold shares of TPR. Harbour Investments Inc. boosted its stake in Tapestry by 120.1% in the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock worth $25,000 after buying an additional 197 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Tapestry in the 1st quarter valued at $25,000. First PREMIER Bank purchased a new stake in shares of Tapestry in the 2nd quarter valued at $25,000. Vestor Capital LLC purchased a new stake in shares of Tapestry in the 2nd quarter valued at $27,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tapestry in the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Tapestry Stock Down 2.9%

TPR stock opened at $113.43 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $23.48 billion, a PE ratio of 180.05, a PEG ratio of 2.82 and a beta of 1.57. Tapestry has a twelve month low of $43.07 and a twelve month high of $117.77. The stock has a 50-day simple moving average of $107.63 and a two-hundred day simple moving average of $90.37.

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, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.67 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. Tapestry's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, equities analysts predict that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. This is a boost from Tapestry's previous quarterly dividend of $0.35. 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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