Telsey Advisory Group Reaffirms Outperform Rating for Tapestry (NYSE:TPR)

Tapestry (NYSE:TPR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $125.00 price objective on the luxury accessories retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 13.88% from the stock’s previous close.

Several other research firms have also recently weighed in on TPR. Raymond James Financial boosted their price target on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Morgan Stanley reissued an “overweight” rating on shares of Tapestry in a report on Thursday, September 11th. Barclays upped their price target on shares of Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $112.00 price target on shares of Tapestry in a report on Friday, August 15th. Finally, Robert W. Baird set a $130.00 price objective on shares of Tapestry in a research note on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.60.

Tapestry Stock Down 1.4%

Shares of TPR opened at $109.77 on Friday. Tapestry has a 52 week low of $46.77 and a 52 week high of $118.56. The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 174.23, a PEG ratio of 2.72 and a beta of 1.57. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The stock has a fifty day moving average of $110.55 and a 200-day moving average of $95.95.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $0.92 EPS. Tapestry’s quarterly revenue was up 8.3% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. As a group, sell-side analysts anticipate that Tapestry will post 4.91 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the transaction, the director directly owned 8,153 shares of the company’s stock, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Manesh Dadlani sold 7,882 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the sale, the vice president owned 21,098 shares in the company, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Several hedge funds have recently modified their holdings of TPR. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Tapestry by 487.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 49,448 shares of the luxury accessories retailer’s stock valued at $3,482,000 after acquiring an additional 41,025 shares during the period. Mather Group LLC. increased its stake in Tapestry by 2.8% in the first quarter. Mather Group LLC. now owns 6,018 shares of the luxury accessories retailer’s stock valued at $424,000 after purchasing an additional 165 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Tapestry by 7.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,920 shares of the luxury accessories retailer’s stock valued at $346,000 after purchasing an additional 331 shares during the period. Keybank National Association OH boosted its position in shares of Tapestry by 6.9% during the 1st quarter. Keybank National Association OH now owns 40,842 shares of the luxury accessories retailer’s stock worth $2,876,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Tapestry by 27.2% during the 1st quarter. Private Trust Co. NA now owns 715 shares of the luxury accessories retailer’s stock worth $50,000 after purchasing an additional 153 shares in the last quarter. Institutional investors 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.