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

Telsey Advisory Group reaffirmed their outperform rating on shares of Tapestry (NYSE:TPR) in a research note published on Friday,Benzinga reports. Telsey Advisory Group currently has a $92.00 price objective 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.

Several other research firms also recently commented on TPR. Citigroup reduced their price target on shares of Tapestry from $95.00 to $81.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Raymond James reaffirmed an “outperform” rating and set a $88.00 target price (up from $79.00) on shares of Tapestry in a research report on Friday, February 7th. Barclays lowered their price target on Tapestry from $100.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Jefferies Financial Group raised their price objective on Tapestry from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley raised Tapestry from an “equal weight” rating to an “overweight” rating and set a $90.00 target price for the company in a research report on Thursday. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.22.

Tapestry Trading Up 0.6%

Shares of NYSE TPR opened at $78.00 on Friday. Tapestry has a fifty-two week low of $35.23 and a fifty-two week high of $90.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.05 and a current ratio of 1.58. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.01 and a beta of 1.41. The business’s 50 day moving average price is $69.75 and its 200-day moving average price is $68.11.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, May 8th. The luxury accessories retailer reported $1.03 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.81 EPS. Tapestry’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Tapestry will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.40 annualized dividend and a yield of 1.79%. Tapestry’s dividend payout ratio (DPR) is presently 40.58%.

Insiders Place Their Bets

In related news, General Counsel David E. Howard sold 11,917 shares of the stock in a transaction that occurred on 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 $3,397,592. This represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd Kahn sold 21,107 shares of Tapestry stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $84.00, for a total transaction of $1,772,988.00. Following the completion of the transaction, the chief executive officer now directly owns 176,985 shares in the company, valued at $14,866,740. This represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,537 shares of company stock worth $5,730,589. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of Tapestry

A number of institutional investors have recently made changes to their positions in TPR. Harbour Investments Inc. increased its position in 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 in the last quarter. Greenline Partners LLC purchased a new stake in shares of Tapestry during the fourth quarter worth about $29,000. MorganRosel Wealth Management LLC acquired a new position in shares of Tapestry during the first quarter valued at about $35,000. Opal Wealth Advisors LLC purchased a new position in shares of Tapestry in the 1st quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of Tapestry by 40.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 519 shares of the luxury accessories retailer’s stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.