Tapestry (NYSE:TPR) Receives "Outperform" Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Tapestry (NYSE:TPR - Free Report) in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a $92.00 target price on the luxury accessories retailer's stock. Telsey Advisory Group also issued estimates for Tapestry's Q4 2025 earnings at $0.97 EPS, FY2025 earnings at $5.03 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $2.14 EPS, Q3 2026 earnings at $1.07 EPS, Q4 2026 earnings at $1.05 EPS and FY2026 earnings at $5.35 EPS.

Other research analysts have also issued research reports about the company. Citigroup reduced their price objective on Tapestry from $95.00 to $81.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays reduced their price objective on Tapestry from $100.00 to $83.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Robert W. Baird raised their price objective on Tapestry from $93.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on Tapestry from $88.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group cut their target price on Tapestry from $98.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.06.

Tapestry Stock Up 5.8%

Shares of NYSE:TPR traded up $4.55 during trading on Friday, hitting $82.56. The stock had a trading volume of 5,627,283 shares, compared to its average volume of 4,222,506. Tapestry has a 12 month low of $35.23 and a 12 month high of $90.85. The company has a market capitalization of $17.09 billion, a PE ratio of 23.93, a PEG ratio of 2.01 and a beta of 1.41. The firm's fifty day moving average is $69.78 and its 200 day moving average is $68.34. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 1.78.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The luxury accessories retailer reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company earned $0.81 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Analysts anticipate that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 6th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, June 6th. Tapestry's payout ratio is 36.84%.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 40,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $81.40, for a total value of $3,256,000.00. Following the transaction, the chief executive officer now directly owns 116,062 shares of the company's stock, valued at approximately $9,447,446.80. This trade represents a 25.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel David E. Howard sold 11,917 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $88.00, for a total transaction of $1,048,696.00. Following the completion of the sale, the general counsel now owns 38,609 shares of the company's stock, valued at approximately $3,397,592. The trade was a 23.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,537 shares of company stock valued at $8,986,589 in the last ninety days. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Tapestry

A number of hedge funds and other institutional investors have recently made changes to their positions in TPR. Southpoint Capital Advisors LP purchased a new position in shares of Tapestry during the 4th quarter worth approximately $130,660,000. Price T Rowe Associates Inc. MD boosted its position in shares of Tapestry by 593.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,191,904 shares of the luxury accessories retailer's stock worth $143,198,000 after purchasing an additional 1,875,753 shares during the period. Norges Bank purchased a new position in Tapestry in the 4th quarter valued at approximately $114,199,000. Point72 Asset Management L.P. purchased a new position in Tapestry in the 4th quarter valued at approximately $101,433,000. Finally, Candlestick Capital Management LP purchased a new position in Tapestry in the 4th quarter valued at approximately $66,902,000. Institutional investors and hedge funds 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.