Wall Street Zen Upgrades Tapestry (NYSE:TPR) to “Strong-Buy”

Tapestry (NYSE:TPR) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

A number of other equities analysts also recently issued reports on the stock. Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Telsey Advisory Group upped their target price on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating and issued a $141.00 target price on shares of Tapestry in a report on Monday, February 9th. Argus set a $165.00 price target on Tapestry in a research note on Thursday, March 12th. Finally, Guggenheim initiated coverage on Tapestry in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Stock Up 3.1%

TPR opened at $141.22 on Wednesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. Tapestry has a 12 month low of $58.39 and a 12 month high of $161.97. The stock has a market capitalization of $28.59 billion, a P/E ratio of 58.36, a P/E/G ratio of 1.64 and a beta of 1.55. The business has a 50 day simple moving average of $144.27 and a 200-day simple moving average of $126.42.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the business posted $2.00 earnings per share. Tapestry’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities analysts anticipate that Tapestry will post 4.91 earnings per share for the current fiscal year.

Insider Transactions at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated 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 sale, the director owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,956 shares of company stock worth $25,297,262 in the last quarter. Insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Tapestry by 2.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after acquiring an additional 73 shares in the last quarter. Northwest Wealth Management LLC lifted its position in shares of Tapestry by 3.4% during the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Tapestry by 2.8% in the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock valued at $405,000 after purchasing an additional 87 shares during the period. CVA Family Office LLC grew its holdings in Tapestry by 23.4% during the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after purchasing an additional 89 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD grew its holdings in Tapestry by 1.8% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after purchasing an additional 103 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

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.