Brokers Offer Predictions for Tapestry FY2027 Earnings

Tapestry, Inc. (NYSE:TPR) – Telsey Advisory Group issued their FY2027 earnings per share estimates for Tapestry in a report issued on Thursday, September 11th. Telsey Advisory Group analyst D. Telsey forecasts that the luxury accessories retailer will post earnings of $6.15 per share for the year. Telsey Advisory Group currently 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.

Other analysts also recently issued reports about the company. Bank of America downgraded Tapestry from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $115.00 in a research report on Tuesday, July 29th. Evercore ISI decreased their target price on Tapestry from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Cowen reiterated a “buy” rating on shares of Tapestry in a research report on Thursday, August 7th. TD Cowen upgraded Tapestry from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Thursday, June 12th. Finally, Argus upped their price objective on Tapestry from $78.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, June 17th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.47.

Tapestry Stock Down 0.3%

TPR opened at $106.55 on Friday. The business’s fifty day moving average is $103.86 and its two-hundred day moving average is $85.54. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 169.13, a PEG ratio of 2.68 and a beta of 1.52. Tapestry has a one year low of $42.06 and a one year high of $114.05.

Tapestry (NYSE:TPR) last posted 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. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS.

Hedge Funds Weigh In On Tapestry

Large investors have recently modified their holdings of the company. First PREMIER Bank purchased a new position in shares of Tapestry in the 2nd quarter worth about $25,000. Vestor Capital LLC purchased a new stake in shares of Tapestry during the 2nd quarter valued at about $27,000. Flaharty Asset Management LLC purchased a new stake in shares of Tapestry during the 1st quarter valued at about $25,000. Harbour Investments Inc. raised its holdings 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 buying an additional 197 shares during the period. Finally, CVA Family Office LLC raised its holdings in shares of Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock valued at $33,000 after buying an additional 263 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tapestry

In related news, 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 value of $780,712.10. Following the completion of the transaction, the vice president directly owned 21,098 shares in the company, valued at approximately $2,089,756.90. This represents a 27.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Ka Ming Lau sold 11,320 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was 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 owned 8,153 shares in the company, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Tapestry Increases Dividend

The firm 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. The ex-dividend date is Friday, September 5th. This is an increase from Tapestry’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.5%. Tapestry’s payout ratio is currently 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.