Tapestry (NYSE:TPR) Upgraded at Wall Street Zen

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

Several other research analysts have also recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Guggenheim began coverage on shares of Tapestry in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Telsey Advisory Group boosted their price target on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. BNP Paribas Exane initiated coverage on shares of Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 price objective for the company. Finally, The Goldman Sachs Group set a $166.00 target price on Tapestry in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

Tapestry Trading Up 3.1%

TPR opened at $141.22 on Wednesday. Tapestry has a one year low of $58.39 and a one year high of $161.97. The company has a market cap of $28.59 billion, a P/E ratio of 58.36, a PEG ratio of 1.64 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The business’s 50-day simple moving average is $144.27 and its 200-day simple moving average is $126.42.

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

Insider Activity at Tapestry

In related news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated 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 transaction, the director owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’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 directly owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 in the last three months. Company insiders own 1.32% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in Tapestry in the 3rd quarter valued at $26,000. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the 4th quarter worth $28,000. Triumph Capital Management acquired a new stake in shares of Tapestry in the 3rd quarter worth $29,000. Steph & Co. lifted its stake in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry in the fourth quarter valued at about $31,000. Institutional investors and hedge funds 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.