<div id="readability-page-1"><p>Tapestry, Inc. (NYSE:TPR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $125.73 and last traded at $124.59, with a volume of 755745 shares trading hands. The stock had previously closed at $123.21.</p><h2>Analysts Set New Price Targets</h2><ul><li>These 3 Stocks Are Using Buybacks to Signal Market Confidence</li></ul><p>A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Tapestry from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a report on Saturday, December 6th. Barclays upped their target price on Tapestry from $111.00 to $127.00 and gave the company an &#34;overweight&#34; rating in a research report on Thursday, September 11th. Morgan Stanley lifted their price target on Tapestry from $124.00 to $126.00 and gave the stock an &#34;overweight&#34; rating in a research report on Friday, November 7th. The Goldman Sachs Group increased their price objective on Tapestry from $116.00 to $130.00 and gave the company a &#34;buy&#34; rating in a report on Monday, October 6th. Finally, Raymond James Financial raised their price objective on Tapestry from $115.00 to $130.00 and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, October 21st. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $119.63.</p><p><b>Check Out Our Latest Report on Tapestry</b></p><h2>Tapestry Stock Up 0.8%</h2><ul><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li></ul><p>The firm's fifty day simple moving average is $111.05 and its two-hundred day simple moving average is $103.38. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $25.41 billion, a price-to-earnings ratio of 110.90, a price-to-earnings-growth ratio of 2.53 and a beta of 1.65. </p><p>Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS.  Sell-side analysts anticipate that  Tapestry, Inc. will post 4.91 EPS for the current year. </p><h2>Tapestry Dividend Announcement</h2><ul><li>3 Consumer Discretionary Stocks to Buy in a Divided Economy</li></ul><p>The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Tapestry's dividend payout ratio  is currently 142.86%. </p><p>Tapestry announced that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that allows the company to buyback $1.00 billion in    shares. This buyback authorization allows the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued. </p><h2>Insider Transactions at Tapestry</h2><p>In other Tapestry news, insider Denise Kulikowsky sold 583 shares of the company's stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider owned 19,285 shares of the company's stock, valued at $2,221,053.45. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of Tapestry stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the sale, the chief executive officer owned 667,233 shares of the company's stock, valued at approximately $70,266,307.23. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,485 shares of company stock worth $12,034,058 in the last 90 days. Insiders own  1.32% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>A number of large investors have recently added to or reduced their stakes in TPR. Schroder Investment Management Group raised its holdings in shares of  Tapestry by 1,661.6% in the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer's stock valued at $351,487,000 after buying an additional 3,775,593 shares during the period.  Norges Bank acquired a new position in  Tapestry in the 2nd quarter valued at about $227,248,000.  Massachusetts Financial Services Co. MA increased its stake in  Tapestry by 250.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer's stock worth $277,295,000 after purchasing an additional 1,750,566 shares during the period.  State Street Corp lifted its position in shares of  Tapestry by 19.3% during the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer's stock worth $1,044,995,000 after purchasing an additional 1,494,193 shares in the last quarter.  Finally, Voloridge Investment Management LLC boosted its stake in shares of  Tapestry by 160.5% in the third quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer's stock valued at $213,592,000 after purchasing an additional 1,162,442 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds. </p><h2>About Tapestry</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Tapestry</li><li>Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?</li><li>Rivian’s Autonomy Bombshell Changes Everything—Even Its Valuation</li><li>How to Plot Fibonacci Price Inflection Levels </li><li>Financial Sector Breaks Out as Capital Rotates and Leadership Shifts</li><li>Investing in Commodities: What Are They? How to Invest in Them</li><li>Super Micro's Sell-Off Is a Mirage—Here’s Why the Rally May Come Back Fast</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tapestry Right Now?</h2><p>Before you consider Tapestry, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tapestry wasn't on the list.</p><p>While Tapestry currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Tapestry (NYSE:TPR) reached a new 52-week high, trading at $125.73. Analysts have adjusted price targets, with Barclays and Morgan Stanley giving 'overweight' ratings. The company reported strong quarterly earnings, beating estimates with $1.38 EPS and $1.70 billion revenue. Tapestry announced a $1 billion share buyback program and a quarterly dividend of $0.40 per share. Insider transactions include sales by CEO Joanne C. Crevoiserat and insider Denise Kulikowsky. The stock has a consensus 'Moderate Buy' rating with a target price of $119.63.</p>

Tapestry (NYSE:TPR) Hits New 52-Week High - Here's Why