BTIG Research Increases Tapestry (NYSE:TPR) Price Target to $180.00

Tapestry (NYSE:TPR) had its price objective hoisted by investment analysts at BTIG Research from $175.00 to $180.00 in a report issued on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the luxury accessories retailer’s stock. BTIG Research’s target price suggests a potential upside of 23.37% from the stock’s current price.

Several other equities analysts have also commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research report on Thursday. Telsey Advisory Group increased their price objective on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an “overweight” rating in a research report on Friday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Tapestry in a research report on Friday, February 6th. Finally, BNP Paribas Exane began coverage on shares of Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price objective for the company. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.33.

Tapestry Stock Performance

TPR stock opened at $145.90 on Friday. The firm has a market cap of $29.54 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 1.76 and a beta of 1.59. The firm has a 50-day simple moving average of $148.07 and a two-hundred day simple moving average of $130.77. Tapestry has a one year low of $67.22 and a one year high of $161.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during 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 was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities analysts forecast that Tapestry will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Todd Kahn sold 39,815 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $151.34, for a total value of $6,025,602.10. Following the transaction, the chief executive officer owned 120,578 shares in the company, valued at approximately $18,248,274.52. This represents a 24.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the 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 completion of the transaction, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 164,956 shares of company stock worth $25,297,262 in the last quarter. 1.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

Several hedge funds and other institutional investors have recently bought and sold shares of TPR. Schroder Investment Management Group increased its holdings in Tapestry by 92.8% in the 4th quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock worth $1,194,678,000 after buying an additional 4,500,850 shares during the period. Norges Bank acquired a new position in Tapestry in the 4th quarter worth approximately $345,349,000. Wellington Management Group LLP grew its stake in shares of Tapestry by 632.3% during the 4th quarter. Wellington Management Group LLP now owns 2,366,502 shares of the luxury accessories retailer’s stock worth $302,368,000 after purchasing an additional 2,043,353 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after purchasing an additional 1,750,566 shares during the period. Finally, State Street Corp grew its stake in shares of Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after purchasing an additional 1,494,193 shares during the period. 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.