Tapestry (NYSE:TPR) Rating Lowered to “Buy” at Wall Street Zen

Tapestry (NYSE:TPR) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other research firms have also recently weighed in on TPR. JPMorgan Chase & Co. lifted their target price on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research report on Friday, February 6th. Guggenheim started coverage on shares of Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Finally, BNP Paribas Exane initiated coverage on shares of Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Tapestry Trading Up 0.8%

NYSE TPR opened at $145.33 on Friday. The firm’s 50 day moving average price is $140.68 and its two-hundred day moving average price is $121.99. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. Tapestry has a twelve month low of $58.39 and a twelve month high of $161.97. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities analysts anticipate that Tapestry will post 4.91 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction on 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 trade represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction on 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 completion of the transaction, the director owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tapestry

Hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of Tapestry by 21.7% in the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after acquiring an additional 108,278 shares during the last quarter. DNB Asset Management AS boosted its holdings in Tapestry by 1,331.4% in the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after purchasing an additional 36,720 shares during the period. Great Diamond Partners LLC acquired a new stake in Tapestry in the 3rd quarter worth $2,395,000. Three Seasons Wealth LLC bought a new position in shares of Tapestry during the 3rd quarter worth about $1,882,000. Finally, Stevens Capital Partners bought a new position in shares of Tapestry during the 3rd quarter worth about $8,880,000. 90.77% of the stock is currently owned by 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.