JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Tapestry (NYSE:TPR) Stock

Tapestry (NYSE:TPR) had its price objective lifted by JPMorgan Chase & Co. from $190.00 to $200.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the luxury accessories retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 50.48% from the stock’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird boosted their target price on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Tapestry from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Citigroup boosted their target price on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.67.

Tapestry Trading Up 1.8%

Shares of TPR traded up $2.39 during trading hours on Friday, reaching $132.91. 2,768,555 shares of the company traded hands, compared to its average volume of 2,182,438. The firm has a market cap of $26.91 billion, a price-to-earnings ratio of 54.94, a PEG ratio of 1.77 and a beta of 1.45. Tapestry has a 12-month low of $76.29 and a 12-month high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The stock’s fifty day moving average price is $146.44 and its 200 day moving average price is $132.25.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.35. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts forecast that Tapestry will post 6.5 earnings per share for the current year.

Insider Transactions at Tapestry

In related news, Director Anne Gates sold 6,498 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total value of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares in the company, valued at $3,490,725.42. The trade was a 22.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 164,956 shares of company stock valued at $25,297,262 over the last three months. 1.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Tapestry by 3.8% in the fourth quarter. State Street Corp now owns 9,578,111 shares of the luxury accessories retailer’s stock worth $1,223,795,000 after purchasing an additional 348,334 shares in the last quarter. Schroder Investment Management Group raised its holdings in Tapestry by 92.8% in the fourth quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock worth $1,194,678,000 after purchasing an additional 4,500,850 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tapestry by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,912,917 shares of the luxury accessories retailer’s stock worth $753,482,000 after purchasing an additional 203,764 shares in the last quarter. AQR Capital Management LLC raised its holdings in Tapestry by 21.4% in the third quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock worth $487,708,000 after purchasing an additional 760,646 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Tapestry by 8.9% in the fourth quarter. Morgan Stanley now owns 3,327,212 shares of the luxury accessories retailer’s stock worth $425,118,000 after purchasing an additional 270,973 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q3 beat and raised full‑year outlook — Tapestry reported adjusted EPS $1.66 vs. $1.31 expected and revenue ~$1.92B vs. ~$1.79B; management raised FY‑2026 guidance (EPS ~6.95 and revenue guidance around $8.0B), citing strength at Coach and margin expansion. Tapestry Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Analyst support — BTIG reiterated a Buy and set a $180 price target (material upside to current levels), supporting further upside if execution continues. Benzinga: BTIG Rating
• Positive Sentiment: Dividend declared — Tapestry announced a $0.40 quarterly dividend (yield ~1.2%), payable June 22 to holders of record June 5, supporting the shareholder-return story.
• Neutral Sentiment: Broader market tone — softer-than-expected jobless claims helped lift futures and risk appetite today, which can support discretionary names like TPR. Jobless Claims Increased Less Than Expected
• Neutral Sentiment: Street expectations remain constructive — multiple buy/overweight ratings and a median 6‑month price target near $160 reflect analyst confidence, but upside now depends on sustained brand-level momentum.
• Negative Sentiment: Sell‑the‑news volatility — despite the beat and guide lift, shares plunged earlier this week (reports of ~10–12% intraday drops) as investors focused on tariff exposure and weakness at kate spade. That reaction shows sensitivity to execution risk at the smaller brand. TPR Stock Falls 12% Despite Q2 Earnings Beat
• Negative Sentiment: Insider selling & profit‑taking — commentary and data show sizable insider sales and recent investors taking profits after a multi‑month run, which can amplify downside on mixed news. QuiverQuant: TPR slides despite earnings beat

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.