Tapestry (NYSE:TPR) Stock Rating Upgraded by Wall Street Zen

Tapestry (NYSE:TPR) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of Tapestry in a report on Friday, February 6th. Citigroup upped their price objective on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Tapestry Price Performance

Tapestry stock opened at $155.16 on Friday. Tapestry has a 12-month low of $58.39 and a 12-month high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The stock has a market cap of $31.41 billion, a P/E ratio of 64.11, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. The company has a fifty day simple moving average of $138.14 and a 200-day simple moving average of $119.67.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm 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%. Tapestry’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities analysts expect that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the transaction, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 165,539 shares of company stock valued at $25,364,406 in the last three months. 1.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Tapestry

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Tapestry by 2.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock worth $477,000 after acquiring an additional 73 shares during the period. Northwest Wealth Management LLC grew its holdings in Tapestry by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock valued at $315,000 after buying an additional 82 shares during the period. Fulton Bank N.A. increased its stake in shares of Tapestry by 2.8% during the 4th quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock valued at $405,000 after acquiring an additional 87 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Tapestry by 23.4% during the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after acquiring an additional 89 shares during the last quarter. Finally, Convergence Financial LLC lifted its holdings in shares of Tapestry by 3.0% during the 2nd quarter. Convergence Financial LLC now owns 3,386 shares of the luxury accessories retailer’s stock worth $297,000 after acquiring an additional 98 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.