Tapestry (NYSE:TPR) Downgraded to “Buy” Rating by Wall Street Zen

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

TPR has been the subject of a number of other research reports. TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. UBS Group reissued a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a research report on Monday, February 9th. Guggenheim started coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Robert W. Baird set a $160.00 price objective on Tapestry in a research note on Friday, February 6th. Finally, The Goldman Sachs Group set a $166.00 target price on Tapestry in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

Tapestry Stock Performance

Shares of TPR stock opened at $144.15 on Tuesday. The company’s fifty day moving average price is $143.13 and its 200-day moving average price is $124.90. The stock has a market cap of $29.18 billion, a PE ratio of 59.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry has a 12 month low of $58.39 and a 12 month high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (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 company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the business earned $2.00 EPS. Tapestry’s quarterly 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 analysts expect that Tapestry will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Tapestry

In other news, CEO Todd Kahn sold 39,815 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the transaction, the chief executive officer directly owned 120,578 shares in the company, valued at $18,248,274.52. The trade was a 24.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Greco sold 14,245 shares of the business’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 transaction, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

Several institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the 3rd quarter worth approximately $26,000. Vestor Capital LLC bought a new stake in Tapestry in the second quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the fourth quarter worth $28,000. Triumph Capital Management purchased a new position in Tapestry during the third quarter worth $29,000. Finally, Steph & Co. increased its position in Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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.