Tapestry (NYSE:TPR) Sets New 1-Year High - Here's What Happened

Key Points

• Tapestry, Inc. shares reached a new 52-week high of $115.29 during trading, reflecting strong market performance with an average target price set by analysts at $106.47.
• The company reported earnings of $1.04 per share, beating analyst expectations, with revenue growth of 8.3% year-over-year, and has set FY 2026 guidance ranging from $5.300 to $5.450 EPS.
• Tapestry announced an increase in its quarterly dividend from $0.35 to $0.40 per share, resulting in an annualized yield of 1.4%.

Tapestry, Inc. (NYSE:TPR - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $114.80 and last traded at $115.29, with a volume of 547333 shares changing hands. The stock had previously closed at $113.30.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TPR. Raymond James Financial reiterated an "outperform" rating and set a $115.00 price objective (up previously from $85.00) on shares of Tapestry in a report on Tuesday, July 22nd. Wall Street Zen upgraded Tapestry from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 14th. Telsey Advisory Group restated an "outperform" rating and issued a $125.00 target price on shares of Tapestry in a research note on Thursday, September 11th. Morgan Stanley restated an "overweight" rating on shares of Tapestry in a research note on Thursday, September 11th. Finally, Wells Fargo & Company raised their target price on Tapestry from $100.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.47.

Tapestry Price Performance

The stock has a 50 day moving average of $105.17 and a 200-day moving average of $86.25. The company has a market cap of $23.87 billion, a PE ratio of 182.08, a price-to-earnings-growth ratio of 2.65 and a beta of 1.52. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The company's revenue was up 8.3% on a year-over-year basis. 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. Equities analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 5th. This is an increase from Tapestry's previous quarterly dividend of $0.35. Tapestry's dividend payout ratio (DPR) is 253.97%.

Insider Transactions at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction dated 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 in the company, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction dated 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 transaction, the director owned 8,153 shares of the company's stock, valued at $865,767.07. The trade was a 58.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On Tapestry

A number of institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. grew its position in shares of Tapestry by 120.1% during the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock valued at $25,000 after acquiring an additional 197 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of Tapestry during the 1st quarter valued at about $25,000. First PREMIER Bank acquired a new stake in shares of Tapestry during the 2nd quarter valued at about $25,000. Vestor Capital LLC acquired a new stake in shares of Tapestry during the 2nd quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Tapestry during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

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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