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 report released on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. JPMorgan Chase & Co. increased their price target on shares of Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a report on Friday, February 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and an average price target of $160.67.

Tapestry Trading Down 0.0%

NYSE:TPR opened at $133.43 on Friday. The company’s 50 day moving average price is $146.44 and its 200-day moving average price is $132.25. Tapestry has a 52 week low of $76.29 and a 52 week high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.49 and a beta of 1.45.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities research analysts forecast that Tapestry will post 6.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anne Gates sold 6,498 shares of Tapestry stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total transaction of $999,327.42. Following the transaction, the director owned 22,698 shares in the company, valued at $3,490,725.42. This trade represents a 22.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares in the company, valued at $21,233,715.36. This represents a 24.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 125,141 shares of company stock valued at $19,271,660. 1.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wilkerson Advisory Group LLC boosted its stake in shares of Tapestry by 18.5% during the 1st quarter. Wilkerson Advisory Group LLC now owns 749 shares of the luxury accessories retailer’s stock worth $106,000 after acquiring an additional 117 shares during the last quarter. Florida Financial Advisors LLC boosted its stake in shares of Tapestry by 23.9% during the 1st quarter. Florida Financial Advisors LLC now owns 18,571 shares of the luxury accessories retailer’s stock worth $2,621,000 after acquiring an additional 3,585 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Tapestry by 20.5% during the 1st quarter. Meeder Asset Management Inc. now owns 75,106 shares of the luxury accessories retailer’s stock worth $10,598,000 after acquiring an additional 12,799 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Tapestry by 20.4% during the 1st quarter. WCM Investment Management LLC now owns 1,130,317 shares of the luxury accessories retailer’s stock worth $154,763,000 after acquiring an additional 191,174 shares during the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of Tapestry during the 1st quarter worth $59,525,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Trending Headlines about Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks 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.