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

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

A number of other equities analysts have also weighed in on the stock. Evercore set a $175.00 price target on shares of Tapestry in a research report on Friday, May 8th. BTIG Research reiterated a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $164.00 target price on shares of Tapestry in a research note on Monday, July 6th. Zacks Research cut Tapestry from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.44.

Tapestry Trading Up 0.3%

Shares of TPR stock opened at $162.46 on Friday. Tapestry has a fifty-two week low of $92.62 and a fifty-two week high of $163.94. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The stock’s fifty day moving average is $145.71 and its two-hundred day moving average is $144.04. The firm has a market capitalization of $32.82 billion, a P/E ratio of 52.07, a PEG ratio of 1.47 and a beta of 1.43.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Research analysts expect that Tapestry will post 6.98 earnings per share for the current fiscal year.

Insider Transactions at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Several institutional investors have recently made changes to their positions in TPR. Acumen Wealth Advisors LLC acquired a new position in Tapestry in the fourth quarter valued at approximately $28,000. Steph & Co. grew its position in Tapestry by 128.7% in the fourth 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. Flagship Harbor Advisors LLC acquired a new stake in Tapestry during the fourth quarter worth $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Tapestry during the fourth quarter worth $32,000. Finally, Triumph Capital Management purchased a new stake in Tapestry in the third quarter valued at $29,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Key Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Higher analyst price target: Telsey Advisory Group raised its Tapestry price target from $160 to $175 and maintained an “outperform” rating, implying additional upside from current levels. Benzinga report
• Positive Sentiment: Positive earnings expectations: Zacks said Tapestry has factors that could support an earnings beat in next week’s quarterly release, while another analysis highlights the potential for continued earnings growth. Strong results could reinforce the stock’s recent momentum. Zacks earnings expectations
• Positive Sentiment: Long-term growth appeal: Zacks identifies TPR as a potential long-term growth stock, supported by its style-score framework and expectations for market-beating performance. Zacks long-term growth analysis
• Positive Sentiment: AI initiatives may improve execution: Reports describe Tapestry’s efforts to build internal support for AI experimentation. Applying AI across areas such as customer engagement, merchandising and operations could create longer-term efficiency and brand advantages. Wall Street Journal AI culture article
• Neutral Sentiment: Retail backdrop remains supportive: Telsey’s Dana Telsey favors Tapestry alongside Ralph Lauren and off-price retailers, citing resilient consumers and product “newness.” The view is supportive but reflects broader retail optimism rather than a new company-specific result. Barron’s retail analysis
• Neutral Sentiment: Near-term catalyst and risk: Tapestry is expected to report earnings next Thursday. Investors will watch sales, margins and guidance to determine whether the optimistic forecasts are justified. Earnings announcement article

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.