Analysts Set Tapestry, Inc. (NYSE:TPR) Target Price at $160.67

Shares of Tapestry, Inc. (NYSE:TPR) have been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $160.6667.

A number of equities analysts have recently commented on TPR shares. Barclays set a $179.00 price target on Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company lifted their price objective on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Telsey Advisory Group lifted their price objective on Tapestry to $150.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, TD Cowen reissued a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th.

Insider Buying and Selling at Tapestry

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tapestry

Large investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in Tapestry during the third quarter valued at about $26,000. Acumen Wealth Advisors LLC purchased a new stake in Tapestry during the fourth quarter valued at about $28,000. Triumph Capital Management purchased a new stake in Tapestry during the third quarter valued at about $29,000. Steph & Co. raised its position in Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Tapestry during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

Tapestry stock opened at $145.40 on Friday. Tapestry has a one year low of $76.92 and a one year high of $161.97. The business has a fifty day moving average price of $142.31 and a 200-day moving average price of $134.90. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The firm has a market capitalization of $29.38 billion, a P/E ratio of 46.60, a PEG ratio of 1.48 and a beta of 1.45.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities research analysts forecast that Tapestry will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Tapestry Company Profile

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.