Wells Fargo & Company Issues Positive Forecast for Tapestry (NYSE:TPR) Stock Price

Tapestry (NYSE:TPR) had its price target upped by research analysts at Wells Fargo & Company from $150.00 to $155.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the luxury accessories retailer’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 15.42% from the stock’s current price.

A number of other research analysts have also recently issued reports on TPR. JPMorgan Chase & Co. lifted their price objective on Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Raymond James Financial dropped their price target on shares of Tapestry from $165.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Zacks Research downgraded shares of Tapestry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $185.00 price objective (up from $180.00) on shares of Tapestry in a research note on Friday, August 14th. Finally, Barclays lifted their target price on shares of Tapestry from $182.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.17.

Tapestry Trading Up 7.2%

NYSE TPR opened at $134.29 on Friday. Tapestry has a 1-year low of $93.00 and a 1-year high of $164.80. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44. The stock has a 50-day moving average of $117.21 and a 200-day moving average of $136.93. The firm has a market cap of $26.78 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.26. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Tapestry had a return on equity of 254.95% and a net margin of 19.09%. Tapestry’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 EPS. As a group, sell-side analysts forecast that Tapestry will post 7.95 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Tapestry

A number of large investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Tapestry during the second quarter valued at approximately $43,929,000. Raiffeisen Bank International AG lifted its position in shares of Tapestry by 13,153.1% during the 2nd quarter. Raiffeisen Bank International AG now owns 23,193 shares of the luxury accessories retailer’s stock valued at $3,399,000 after buying an additional 23,018 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Tapestry by 14.7% during the 2nd quarter. Tidal Investments LLC now owns 67,741 shares of the luxury accessories retailer’s stock valued at $9,916,000 after buying an additional 8,656 shares in the last quarter. SEB Asset Management AB bought a new position in shares of Tapestry during the 1st quarter valued at approximately $59,525,000. Finally, BlackRock Inc. purchased a new stake in Tapestry in the 2nd quarter worth approximately $2,610,995,000. 90.77% of the stock is currently owned by institutional investors.

Key Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $1.82, topping the $1.56 consensus, while revenue of $1.89 billion exceeded estimates of $1.85 billion and rose 11.1% year over year. Tapestry also raised its fiscal 2027 outlook. Tapestry Q1 results and outlook
• Positive Sentiment: Coach sales momentum was a key driver, with reports highlighting strong appeal among younger shoppers. CEO commentary also pointed to resilient U.S. consumers as the company enters the holiday season. Reuters report on Coach demand and forecasts
• Positive Sentiment: The board declared a quarterly dividend of $0.4625 per share, or $1.85 annualized. Shares of record on December 4 are scheduled to receive payment on December 21. Company results and dividend announcement

About Tapestry

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.