Tapestry, Inc. (NYSE:TPR) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Tapestry, Inc. (NYSE:TPR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $78.26.

TPR has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Tapestry from $70.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of Tapestry from $88.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Raymond James reissued an "outperform" rating and issued a $88.00 price target (up previously from $79.00) on shares of Tapestry in a research note on Friday, February 7th. Guggenheim lifted their price target on shares of Tapestry from $70.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Barclays dropped their price target on shares of Tapestry from $100.00 to $83.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th.

Tapestry Stock Performance

Shares of NYSE:TPR traded up $3.17 during trading on Friday, hitting $68.09. 1,033,482 shares of the stock traded hands, compared to its average volume of 5,826,260. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 1.78. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 2.01 and a beta of 1.37. The company has a fifty day moving average price of $73.37 and a two-hundred day moving average price of $65.52. Tapestry has a 52-week low of $35.23 and a 52-week high of $90.85.

Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results on Thursday, February 6th. The luxury accessories retailer reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.30. Tapestry had a net margin of 11.74% and a return on equity of 44.00%. During the same quarter last year, the business posted $1.63 earnings per share. As a group, equities analysts predict that Tapestry will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Thursday, March 6th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 2.06%. Tapestry's dividend payout ratio (DPR) is currently 40.58%.

Insider Activity at Tapestry

In other Tapestry news, CFO Scott A. Roe sold 25,727 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $86.56, for a total transaction of $2,226,929.12. Following the sale, the chief financial officer now directly owns 146,587 shares in the company, valued at $12,688,570.72. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd Kahn sold 7,786 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $87.59, for a total transaction of $681,975.74. Following the sale, the chief executive officer now owns 201,531 shares in the company, valued at $17,652,100.29. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,537 shares of company stock worth $5,730,589. Company insiders own 1.18% of the company's stock.

Institutional Trading of Tapestry

A number of institutional investors and hedge funds have recently bought and sold shares of TPR. Apollon Wealth Management LLC purchased a new stake in shares of Tapestry during the 4th quarter worth $328,000. Charles Schwab Investment Management Inc. lifted its position in shares of Tapestry by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,997,414 shares of the luxury accessories retailer's stock worth $522,471,000 after purchasing an additional 382,856 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Tapestry during the 4th quarter worth $3,437,000. Principal Financial Group Inc. lifted its position in shares of Tapestry by 14.6% during the 4th quarter. Principal Financial Group Inc. now owns 309,119 shares of the luxury accessories retailer's stock worth $20,195,000 after purchasing an additional 39,298 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in shares of Tapestry during the 4th quarter worth $18,737,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.