Tapestry (NYSE:TPR) Price Target Raised to $150.00

Tapestry (NYSE:TPR) had its price target raised by research analysts at Evercore ISI from $129.00 to $150.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the luxury accessories retailer’s stock. Evercore ISI’s target price would indicate a potential upside of 16.04% from the company’s previous close.

A number of other equities analysts have also issued reports on TPR. Raymond James Financial raised their price target on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Tapestry in a research report on Friday. Citigroup boosted their price objective on Tapestry from $124.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. BTIG Research began coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.05.

Tapestry Stock Down 0.3%

NYSE:TPR traded down $0.40 during trading hours on Tuesday, reaching $129.27. The company’s stock had a trading volume of 126,919 shares, compared to its average volume of 2,084,702. The stock has a 50 day moving average price of $125.13 and a two-hundred day moving average price of $114.11. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The company has a market capitalization of $26.46 billion, a P/E ratio of 115.20, a price-to-earnings-growth ratio of 2.17 and a beta of 1.63. Tapestry has a 12 month low of $58.39 and a 12 month high of $136.04.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Equities analysts predict that Tapestry will post 4.91 EPS for the current fiscal year.

Tapestry announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Tapestry

In other news, insider Denise Kulikowsky sold 583 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $115.17, for a total transaction of $67,144.11. Following the transaction, the insider owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. The trade was a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott A. Roe sold 18,794 shares of Tapestry stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the transaction, the chief financial officer directly owned 148,149 shares in the company, valued at $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 115,485 shares of company stock worth $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On Tapestry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the 3rd quarter worth about $26,000. Vestor Capital LLC purchased a new stake in shares of Tapestry during the second quarter worth $27,000. Triumph Capital Management acquired a new stake in Tapestry in the 3rd quarter valued at about $29,000. Steph & Co. raised its holdings in Tapestry by 128.7% in 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 in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry in the 4th quarter valued at $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.