Tapestry (NYSE:TPR) Stock Gets Price Target Boost from Barclays

Tapestry (NYSE:TPR) had its target price lifted by Barclays from $185.00 to $195.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the luxury accessories retailer’s stock. Barclays‘s price target would indicate a potential upside of 46.03% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Evercore lowered their target price on Tapestry from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Tapestry from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $185.00 price objective (up from $180.00) on shares of Tapestry in a research note on Friday, August 14th. Telsey Advisory Group upped their price objective on shares of Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, TD Cowen assumed coverage on shares of Tapestry in a research report on Friday, October 30th. They issued a “strong-buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.72.

Tapestry Stock Down 0.5%

Shares of TPR traded down $0.64 during mid-day trading on Friday, reaching $133.53. The company’s stock had a trading volume of 823,438 shares, compared to its average volume of 2,595,539. The business has a fifty day moving average of $117.21 and a 200 day moving average of $136.93. The company has a market cap of $26.62 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44. Tapestry has a 1 year low of $99.00 and a 1 year high of $164.80. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 3.44.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 EPS for the quarter, topping the consensus estimate of $1.56 by $0.26. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Tapestry had a return on equity of 254.95% and a net margin of 19.09%. Tapestry’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. As a group, analysts forecast that Tapestry will post 7.95 earnings per share for the current fiscal year.

Insider Transactions at Tapestry

In related news, insider Denise Kulikowsky sold 5,810 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $115.38, for a total value of $670,357.80. Following the transaction, the insider directly owned 21,136 shares of the company’s stock, valued at approximately $2,438,671.68. This trade represents a 21.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joanne Crevoiserat sold 27,761 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total value of $3,677,499.67. Following the completion of the transaction, the chief executive officer directly owned 666,149 shares in the company, valued at $88,244,758.03. The trade was a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On Tapestry

Institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Tapestry in the 2nd quarter valued at about $43,929,000. Raiffeisen Bank International AG raised its stake in shares of Tapestry by 13,153.1% in the second quarter. Raiffeisen Bank International AG now owns 23,193 shares of the luxury accessories retailer’s stock worth $3,399,000 after acquiring an additional 23,018 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Tapestry by 14.7% during the second quarter. Tidal Investments LLC now owns 67,741 shares of the luxury accessories retailer’s stock worth $9,916,000 after purchasing an additional 8,656 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of Tapestry during the first quarter worth approximately $59,525,000. Finally, BlackRock Inc. acquired a new position in shares of Tapestry during the second quarter worth approximately $2,610,995,000. Institutional investors own 90.77% of the company’s stock.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry reported quarterly EPS of $1.82, beating the $1.56 consensus, while revenue of $1.89 billion topped estimates of $1.85 billion and increased 11.1% year over year. The company also raised its fiscal 2027 outlook, signaling confidence in continued growth. Tapestry first-quarter results and outlook
• Positive Sentiment: Coach sales strength helped drive the results, with reports highlighting appeal among younger shoppers and CEO comments describing U.S. consumers as resilient. That demand could support the company as it enters the important holiday period. Reuters report on Tapestry’s outlook and Coach demand
• Positive Sentiment: Wells Fargo raised its TPR price target from $150 to $155 and maintained an “overweight” rating, adding to the positive analyst response following the earnings report. Wells Fargo analyst recommendations
• Positive Sentiment: The company declared a quarterly dividend of $0.4625 per share, equivalent to $1.85 annually and a stated yield of about 1.4%, providing a modest shareholder return.
• Neutral Sentiment: The CEO’s positive consumer outlook comes as Coach enters a crucial holiday season; holiday demand will be an important test of whether recent brand momentum continues.

Tapestry Company Profile

Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. The company’s portfolio includes Coach, known for handbags, leather goods, footwear, apparel and accessories; Kate Spade New York, which offers handbags, accessories, apparel, footwear, home products and related lifestyle merchandise; and Stuart Weitzman, a designer and manufacturer of women’s footwear.

Tapestry sells its products through company-operated stores, outlet locations, e-commerce websites, wholesale partners and select distributors.