BTIG Research Issues Positive Forecast for Tapestry (NYSE:TPR) Stock Price

Tapestry (NYSE:TPR) had its price objective increased by BTIG Research from $175.00 to $180.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the luxury accessories retailer’s stock. BTIG Research’s price objective would indicate a potential upside of 22.90% from the company’s current price.

A number of other brokerages have also issued reports on TPR. Telsey Advisory Group boosted their price target on Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company boosted their target price on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research report on Friday, February 6th. Two equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.33.

Tapestry Trading Up 0.2%

NYSE:TPR opened at $146.46 on Friday. Tapestry has a 12-month low of $66.64 and a 12-month high of $161.97. The firm has a market capitalization of $29.65 billion, a P/E ratio of 60.52, a P/E/G ratio of 1.75 and a beta of 1.59. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The business has a 50 day simple moving average of $148.22 and a 200 day simple moving average of $130.45.

Tapestry (NYSE:TPR) last released its quarterly earnings data 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. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm posted $2.00 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts predict that Tapestry will post 6.45 EPS for the current year.

Insider Activity

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the completion of the sale, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Manesh Dadlani sold 2,147 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the sale, the vice president owned 18,475 shares of the company’s stock, valued at approximately $2,835,358.25. The trade was a 10.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 164,956 shares of company stock worth $25,297,262 over the last 90 days. Company insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

Several large investors have recently added to or reduced their stakes in TPR. Cloud Capital Management LLC acquired a new position in Tapestry in the 3rd quarter valued at approximately $26,000. Acumen Wealth Advisors LLC acquired a new stake in Tapestry during the 4th quarter valued at $28,000. Triumph Capital Management acquired a new stake in Tapestry during the 3rd quarter valued at $29,000. Steph & Co. increased its holdings in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Tapestry during the 4th quarter valued at $31,000. Institutional investors and hedge funds 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.