Citigroup Forecasts Strong Price Appreciation for Tapestry (NYSE:TPR) Stock

Tapestry (NYSE:TPR) had its price target boosted by equities research analysts at Citigroup from $152.00 to $165.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the luxury accessories retailer’s stock. Citigroup’s target price suggests a potential upside of 8.58% from the stock’s current price.

TPR has been the topic of several other reports. Telsey Advisory Group upped their price objective on Tapestry to $150.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley increased their price objective on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price on shares of Tapestry in a research note on Friday. Raymond James Financial upped their target price on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Argus raised shares of Tapestry to a “strong-buy” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.33.

Tapestry Trading Up 6.1%

Shares of Tapestry stock opened at $151.97 on Friday. Tapestry has a 52-week low of $58.39 and a 52-week high of $153.13. The firm has a market capitalization of $31.10 billion, a PE ratio of 62.80, a price-to-earnings-growth ratio of 2.65 and a beta of 1.63. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 0.93. The company’s fifty day moving average price is $127.42 and its two-hundred day moving average price is $114.96.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts expect that Tapestry will post 4.91 EPS for the current year.

Tapestry declared that its Board of Directors has initiated a share buyback program on Thursday, November 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Tapestry

In related news, insider David E. Howard sold 25,029 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total value of $2,565,472.50. Following the completion of the sale, the insider owned 55,354 shares of the company’s stock, valued at $5,673,785. This trade represents a 31.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider directly owned 19,285 shares in the company, valued at approximately $2,221,053.45. This represents a 2.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,485 shares of company stock valued at $12,034,058 over the last three months. Insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

Several hedge funds have recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Tapestry during the 3rd quarter valued at about $26,000. Vestor Capital LLC acquired a new stake in shares of Tapestry during the 2nd quarter worth approximately $27,000. Triumph Capital Management bought a new stake in shares of Tapestry during the third quarter worth approximately $29,000. Steph & Co. lifted its holdings in Tapestry by 128.7% in the fourth 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 in the fourth quarter valued at approximately $31,000. Institutional investors own 90.77% of the company’s stock.

More Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 beat and materially raised FY‑2026 guidance — Tapestry reported $2.69 EPS vs. ~$2.20 consensus and $2.50B revenue (up 14% YoY); management raised FY26 EPS guidance to $6.40–$6.45 and lifted revenue plans (~$7.8B), signaling stronger-than-expected margin and top‑line momentum. Read More.
• Positive Sentiment: BTIG increased its price target to $175 and kept a “buy” rating — a meaningful upside signal from a sell‑side firm. Read More.
• Positive Sentiment: Citigroup raised its price target to $165 and moved to “buy,” reinforcing analyst enthusiasm after the quarter. Read More.
• Positive Sentiment: Evercore raised its target (to $150) — another upgrade contributing to bullish analyst momentum. Read More.
• Positive Sentiment: Declared dividend — Tapestry announced a $0.40 quarterly dividend (record/ex‑dividend date March 6), which supports income investors and signals confidence from the board.
• Positive Sentiment: Technical/market interest — Relative Strength (RS) rating jumped to 94 and the stock hit all‑time highs as investors digested the results, increasing momentum and retail/institutional attention. Read More.
• Neutral Sentiment: Telsey Advisory Group set an “outperform” rating with a $150 target (slightly below the intra‑day price), reflecting mixed near‑term upside expectations. Read More.
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper read of margin drivers, geographic trends and brand performance. These are useful for modeling but are informational rather than new catalysts. Read More.
• Negative Sentiment: At least one analyst argued Coach’s momentum is unsustainable and issued a downgrade note — a cautionary view that could temper enthusiasm if future comps slow. Read More.

About Tapestry

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.