Tapestry’s (TPR) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Tapestry (NYSE:TPR)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $125.00 price objective on the luxury accessories retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 22.41% from the stock’s current price.

A number of other research analysts have also recently issued reports on TPR. Bank of America cut shares of Tapestry from a “buy” rating to a “neutral” rating and increased their target price for the company from $95.00 to $115.00 in a report on Tuesday, July 29th. The Goldman Sachs Group lifted their price objective on Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $112.00 target price on shares of Tapestry in a report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, October 8th. Finally, UBS Group lowered their price objective on shares of Tapestry from $112.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.50.

Tapestry Stock Performance

NYSE TPR traded up $3.31 on Friday, hitting $102.12. 2,996,078 shares of the company’s stock were exchanged, compared to its average volume of 4,504,710. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. The firm’s 50-day moving average price is $110.91 and its two-hundred day moving average price is $96.89. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 162.13, a P/E/G ratio of 2.72 and a beta of 1.71. Tapestry has a fifty-two week low of $49.84 and a fifty-two week high of $118.56.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, research analysts expect that Tapestry will post 4.91 EPS for the current year.

Tapestry announced that its board has approved a stock repurchase plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, VP Manesh Dadlani sold 7,882 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the transaction, the vice president directly owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the transaction, the director owned 8,153 shares in the company, valued at $865,767.07. The trade was a 58.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tapestry

Hedge funds and other institutional investors have recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in Tapestry in the third quarter valued at approximately $26,000. First PREMIER Bank acquired a new stake in shares of Tapestry in the second quarter worth $25,000. Vestor Capital LLC purchased a new position in shares of Tapestry in the 2nd quarter valued at $27,000. Flaharty Asset Management LLC acquired a new position in shares of Tapestry during the 1st quarter valued at $25,000. Finally, Harbour Investments Inc. boosted its position in Tapestry by 120.1% during the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock worth $25,000 after purchasing an additional 197 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

About Tapestry

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.