Tapestry (NYSE:TPR) Rating Increased to Strong-Buy at Wall Street Zen

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

Several other research firms also recently issued reports on TPR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Argus set a $165.00 target price on Tapestry in a research report on Thursday. Telsey Advisory Group lifted their target price on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Citigroup upped their price target on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Two research 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. According to data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and a consensus price target of $151.06.

Tapestry Stock Performance

Tapestry stock opened at $142.12 on Monday. The business has a 50 day moving average of $141.96 and a 200-day moving average of $123.25. The company has a market capitalization of $28.77 billion, a P/E ratio of 58.73, a P/E/G ratio of 1.71 and a beta of 1.55. Tapestry has a 1 year low of $58.39 and a 1 year high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

Tapestry (NYSE:TPR) last posted its 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. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $2.00 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts predict that Tapestry will post 4.91 earnings per share for the current year.

Insider Transactions at Tapestry

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the sale, the chief executive officer owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 164,956 shares of company stock valued at $25,297,262. Company insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of hedge funds and other institutional investors have recently bought and sold shares of TPR. Smartleaf Asset Management LLC lifted its stake in shares of Tapestry by 2.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after buying an additional 73 shares in the last quarter. Northwest Wealth Management LLC lifted its position in shares of Tapestry by 3.4% during the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock valued at $315,000 after purchasing an additional 82 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Tapestry by 2.8% during the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after purchasing an additional 87 shares during the last quarter. CVA Family Office LLC boosted its holdings in Tapestry by 23.4% during the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after purchasing an additional 89 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD grew its position in Tapestry by 1.8% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock worth $733,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

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.