Robert W. Baird raised its price objective for Tapestry to $165 per share from $160, according to a research note issued on Wednesday, while maintaining an outperform rating on the luxury accessories retailer. The upgrade reflects broader analyst confidence in the company following recent financial performance.
Tapestry reported quarterly earnings on February 5th that exceeded expectations significantly. The company posted earnings per share of $2.69, beating the consensus estimate of $2.20 by $0.49. Revenue reached $2.50 billion for the quarter, surpassing analyst expectations of $2.29 billion. Quarterly revenue increased 14.0 percent compared to the prior year quarter, when the company had posted $2.00 EPS. The firm reported a net margin of 6.95 percent and a return on equity of 157.98 percent.
Multiple analysts have recently adjusted their outlooks on the stock. Argus set a $165.00 price objective on shares in a March 12th report. Evercore raised its price target from $129.00 to $150.00 with an outperform rating on February 3rd. BTIG Research increased its price target from $175.00 to $180.00 and assigned a buy rating on April 24th. Jefferies Financial Group, however, downgraded the stock from buy to hold on January 14th, reducing its price objective from $142.00 to $138.00. Weiss Ratings maintained a hold rating in January.
According to MarketBeat, the stock carries an average rating of moderate buy with a consensus price target of $153.89. Among analysts, two have issued strong buy ratings, fourteen have given buy ratings, and five have assigned hold ratings.
Tapestry has provided full-year 2026 guidance of $6.40 to $6.45 in earnings per share, with sell-side analysts projecting $6.46 EPS for the current fiscal year. The company recently declared a quarterly dividend of $0.40 per share, paid on March 23rd to shareholders of record on March 6th. This represents an annualized dividend of $1.60 and a yield of 1.1 percent, with a payout ratio of 66.12 percent.
Recent insider transactions show movement among company leadership. CFO Scott A. Roe sold 44,290 shares on February 10th at an average price of $152.62, reducing his position by 24.15 percent. CEO Joanne C. Crevoiserat sold 48,795 shares on February 18th at an average price of $154.87, representing a 6.78 percent decrease in her position. Company insiders own 1.32 percent of total stock, while institutional investors and hedge funds hold 90.77 percent.
Tapestry, a New York City-based fashion house, operates the Coach, Kate Spade New York, and Stuart Weitzman brands, offering handbags, leather goods, footwear, apparel, accessories, jewelry, and lifestyle products through retail stores, wholesale partnerships, and digital commerce channels.
