Tapestry (NYSE:TPR) Price Target Raised to $205.00

Tapestry (NYSE:TPR) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $200.00 to $205.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the luxury accessories retailer’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 38.88% from the stock’s current price.

Several other equities research analysts have also weighed in on TPR. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and upped their price target for the company from $142.00 to $187.00 in a research report on Friday, May 8th. Evercore set a $175.00 price objective on Tapestry in a research note on Friday, May 8th. BNP Paribas Exane assumed coverage on shares of Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $180.00 price target on shares of Tapestry in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.12.

Tapestry Stock Performance

Shares of NYSE TPR traded up $2.22 during trading hours on Friday, reaching $147.61. The stock had a trading volume of 381,555 shares, compared to its average volume of 2,273,357. The company has a market cap of $29.82 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 1.43 and a beta of 1.42. Tapestry has a twelve month low of $78.59 and a twelve month high of $161.97. The business’s fifty day moving average is $142.18 and its two-hundred day moving average is $137.53. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

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

Insider Buying and Selling at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares of the company’s stock, valued at $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Several institutional investors and hedge funds have recently made changes to their positions in TPR. Woodline Partners LP grew its position in Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after buying an additional 3,495 shares during the period. Acadian Asset Management LLC purchased a new position in Tapestry in the first quarter valued at about $493,000. Sivia Capital Partners LLC bought a new position in shares of Tapestry during the 2nd quarter valued at approximately $602,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Tapestry during the 2nd quarter worth approximately $6,307,000. Finally, Brown Advisory Inc. raised its holdings in shares of Tapestry by 13.8% in the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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.