Tapestry Q1 EPS Forecast Increased by Telsey Advisory Group

Key Points

• Telsey Advisory Group has increased its Q1 2026 earnings per share (EPS) estimate for Tapestry from $1.12 to $1.25, maintaining an "Outperform" rating and a price objective of $125.00.
• Tapestry reported $1.04 EPS for its last quarter, exceeding estimates, with revenues of $1.72 billion, marking an 8.3% year-over-year increase.
• The company has announced a dividend increase from $0.35 to $0.40 per share, reflecting a 1.6% yield and a dividend payout ratio of 222.22%.

Tapestry, Inc. (NYSE:TPR - Free Report) - Analysts at Telsey Advisory Group increased their Q1 2026 earnings estimates for shares of Tapestry in a note issued to investors on Friday, August 15th. Telsey Advisory Group analyst D. Telsey now forecasts that the luxury accessories retailer will post earnings of $1.25 per share for the quarter, up from their previous forecast of $1.12. Telsey Advisory Group has a "Outperform" rating and a $125.00 price target on the stock. The consensus estimate for Tapestry's current full-year earnings is $4.91 per share. Telsey Advisory Group also issued estimates for Tapestry's Q2 2026 earnings at $2.16 EPS.

Tapestry (NYSE:TPR - Get Free Report) last released its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS.

Other analysts have also issued research reports about the stock. Citigroup lifted their target price on shares of Tapestry from $81.00 to $94.00 and gave the stock a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. lifted their target price on shares of Tapestry from $104.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Bank of America lowered shares of Tapestry from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $95.00 to $115.00 in a report on Tuesday, July 29th. Evercore ISI lowered their target price on shares of Tapestry from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $112.00 target price on shares of Tapestry in a report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Tapestry currently has a consensus rating of "Moderate Buy" and an average target price of $105.47.

Tapestry Trading Up 0.9%

TPR traded up $0.8350 during trading on Monday, reaching $98.7550. 3,836,807 shares of the company's stock were exchanged, compared to its average volume of 4,956,938. The company's fifty day moving average price is $97.64 and its 200-day moving average price is $83.07. 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 has a fifty-two week low of $39.40 and a fifty-two week high of $114.05. The firm has a market capitalization of $20.55 billion, a PE ratio of 156.75, a P/E/G ratio of 2.52 and a beta of 1.51.

Hedge Funds Weigh In On Tapestry

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. bought a new stake in Tapestry during the 1st quarter worth about $1,708,000. Curat Global LLC bought a new position in Tapestry in the 1st quarter valued at about $382,000. Nisa Investment Advisors LLC raised its holdings in Tapestry by 16.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 63,342 shares of the luxury accessories retailer's stock valued at $4,460,000 after acquiring an additional 9,049 shares during the period. Allworth Financial LP raised its holdings in Tapestry by 689.0% in the 1st quarter. Allworth Financial LP now owns 13,374 shares of the luxury accessories retailer's stock valued at $913,000 after acquiring an additional 11,679 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Tapestry in the 1st quarter valued at about $1,476,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Tapestry's previous quarterly dividend of $0.35. Tapestry's dividend payout ratio (DPR) is currently 222.22%.

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.