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

Tapestry (NYSE:TPR)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $150.00 target price on the luxury accessories retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 18.29% from the company’s current price.

A number of other research analysts have also weighed in on TPR. Morgan Stanley raised their price objective on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Guggenheim began coverage on shares of Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Wells Fargo & Company boosted their price target on shares of Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Raymond James Financial increased their price objective on shares of Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, UBS Group raised their target price on shares of Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Tapestry Trading Down 0.4%

Shares of Tapestry stock opened at $126.81 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. Tapestry has a twelve month low of $58.39 and a twelve month high of $136.04. The firm has a market capitalization of $25.95 billion, a PE ratio of 113.23, a P/E/G ratio of 2.18 and a beta of 1.63. The firm’s 50-day moving average price is $124.65 and its 200 day moving average price is $113.83.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping the consensus estimate of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.Tapestry’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, sell-side analysts predict that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry announced that its board has initiated a stock 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 buy up to 4.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Todd Kahn sold 10,344 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $107.00, for a total value of $1,106,808.00. Following the sale, the chief executive officer directly owned 131,815 shares in the company, valued at approximately $14,104,205. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise Kulikowsky sold 583 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total transaction of $67,144.11. Following the transaction, the insider directly owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tapestry

Large investors have recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new stake in Tapestry in the 3rd quarter valued at approximately $26,000. Vestor Capital LLC purchased a new position in shares of Tapestry during the second quarter worth $27,000. Triumph Capital Management acquired a new stake in shares of Tapestry in the third quarter valued at $29,000. Steph & Co. raised its holdings in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Tapestry during the 4th quarter worth about $31,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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.