Telsey Advisory Group Reiterates “Outperform” Rating for Tapestry (NYSE:TPR)

Tapestry (NYSE:TPR)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They currently have a $125.00 price objective on the luxury accessories retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 20.58% from the stock’s current price. Telsey Advisory Group also issued estimates for Tapestry’s Q3 2026 earnings at $1.00 EPS, FY2026 earnings at $5.62 EPS, Q2 2027 earnings at $2.43 EPS, Q3 2027 earnings at $1.15 EPS, Q4 2027 earnings at $1.24 EPS and FY2027 earnings at $6.25 EPS.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird set a $130.00 price objective on Tapestry in a research report on Wednesday, October 29th. Evercore ISI upped their target price on Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Barclays lifted their price target on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, UBS Group cut their price objective on Tapestry from $112.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Tapestry Price Performance

TPR stock opened at $103.67 on Friday. The firm has a 50 day moving average of $110.95 and a 200-day moving average of $97.40. The firm has a market capitalization of $21.46 billion, a P/E ratio of 164.55, a price-to-earnings-growth ratio of 2.72 and a beta of 1.71. Tapestry has a 12 month low of $49.84 and a 12 month high of $118.56. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.13. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, sell-side analysts predict that Tapestry will post 4.91 earnings per share for the current fiscal year.

Tapestry announced that its Board of Directors has authorized a share buyback program on Thursday, November 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the sale, the director directly owned 8,153 shares of the company’s stock, valued at $865,767.07. The trade was a 58.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Manesh Dadlani sold 7,882 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $99.05, for a total transaction of $780,712.10. Following the sale, the vice president owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tapestry

A number of hedge funds and other institutional investors have recently modified their holdings of TPR. Nisa Investment Advisors LLC increased its stake in shares of Tapestry by 16.7% during the first quarter. Nisa Investment Advisors LLC now owns 63,342 shares of the luxury accessories retailer’s stock valued at $4,460,000 after purchasing an additional 9,049 shares in the last quarter. Jump Financial LLC boosted its position in shares of Tapestry by 1,025.9% in the 1st quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer’s stock worth $5,612,000 after purchasing an additional 72,623 shares in the last quarter. Allworth Financial LP grew its stake in shares of Tapestry by 689.0% in the 1st quarter. Allworth Financial LP now owns 13,374 shares of the luxury accessories retailer’s stock worth $913,000 after buying an additional 11,679 shares during the last quarter. Nuveen LLC bought a new position in Tapestry during the 1st quarter valued at approximately $59,133,000. Finally, Neo Ivy Capital Management purchased a new position in Tapestry during the first quarter valued at $1,476,000. Institutional investors own 90.77% of the company’s stock.

About Tapestry

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.