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

Wall Street Zen upgraded shares of Tapestry (NYSE:TPR) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Several other research firms also recently commented on TPR. Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. The Goldman Sachs Group set a $166.00 target price on Tapestry in a research report on Friday, February 6th. Telsey Advisory Group raised their target price on Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, Barclays set a $179.00 target price on Tapestry and gave the stock an “overweight” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.

Tapestry Stock Up 2.2%

TPR stock opened at $133.43 on Friday. Tapestry has a twelve month low of $76.29 and a twelve month high of $161.97. The company has a market cap of $27.01 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.45. The business’s 50-day simple moving average is $146.44 and its 200 day simple moving average is $132.25. The company has a quick ratio of 1.10, a current ratio of 1.84 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, research analysts anticipate that Tapestry will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is 66.12%.

Insider Transactions at Tapestry

In related news, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares in the company, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $2,199,997.80. Following the completion of the transaction, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. This trade represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,956 shares of company stock worth $25,297,262 over the last ninety days. 1.32% of the stock is currently owned by insiders.

Institutional Trading of Tapestry

Several institutional investors and hedge funds have recently made changes to their positions in TPR. Cloud Capital Management LLC bought a new stake in shares of Tapestry during the 3rd quarter valued at $26,000. Acumen Wealth Advisors LLC bought a new stake in shares of Tapestry during the 4th quarter valued at $28,000. Triumph Capital Management bought a new stake in shares of Tapestry during the 3rd quarter valued at $29,000. Steph & Co. raised its position in shares of Tapestry by 128.7% during the 4th 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. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Tapestry during the 4th quarter valued at $31,000. Institutional investors own 90.77% of the company’s stock.

Trending Headlines about Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks article

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.