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

Key Points

• Tapestry, Inc. has received a consensus rating of "Moderate Buy" from 21 analysts, with 17 recommending to buy and 4 holding the stock.
• The company's stock price target was raised by multiple firms, with Goldman Sachs increasing it to $93.00 and Telsey Advisory Group to $125.00.
• Tapestry announced a quarterly dividend of $0.40 per share, up from the previous $0.35, reflecting a strengthening position with a positive annualized dividend yield of 1.6%.

Shares of Tapestry, Inc. (NYSE:TPR - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $105.4737.

A number of research firms have commented on TPR. The Goldman Sachs Group raised their target price on shares of Tapestry from $84.00 to $93.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Telsey Advisory Group raised their target price on shares of Tapestry from $92.00 to $125.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Bank of America cut shares of Tapestry from a "buy" rating to a "neutral" rating and raised their target price for the stock from $95.00 to $115.00 in a research note on Tuesday, July 29th. Barclays reaffirmed an "overweight" rating and set a $105.00 price objective (up from $98.00) on shares of Tapestry in a report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Tapestry from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th.

Hedge Funds Weigh In On Tapestry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake 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 acquiring an additional 606,686 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Tapestry by 4.8% during the fourth quarter. Ameriprise Financial Inc. now owns 8,092,843 shares of the luxury accessories retailer's stock worth $527,799,000 after acquiring an additional 370,784 shares during the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 158,782 shares during the last quarter. SRS Investment Management LLC grew its stake 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 acquiring an additional 589,000 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake 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 acquiring an additional 3,775,593 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Tapestry Stock Up 0.9%

NYSE:TPR opened at $98.7550 on Thursday. The firm's 50-day moving average price is $97.98 and its 200-day moving average price is $83.18. The company has a market capitalization of $20.55 billion, a PE ratio of 156.75, a P/E/G ratio of 2.47 and a beta of 1.51. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. Tapestry has a 1-year low of $39.40 and a 1-year high of $114.05.

Tapestry (NYSE:TPR - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.92 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.6%. This is a positive change from Tapestry's previous quarterly dividend of $0.35. The ex-dividend date is Friday, September 5th. Tapestry's dividend payout ratio is 222.22%.

About Tapestry

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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