Tapestry (NYSE:TPR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Tapestry (NYSE:TPRGet Free Report) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $205.00 to $211.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the luxury accessories retailer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 35.60% from the company’s current price.

Several other equities research analysts also recently weighed in on TPR. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Evercore set a $175.00 price objective on shares of Tapestry in a report on Friday, May 8th. Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Morgan Stanley reissued an “overweight” rating and set a $164.00 target price on shares of Tapestry in a research report on Monday, July 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.88.

View Our Latest Report on TPR

Tapestry Trading Up 2.1%

NYSE TPR opened at $155.60 on Tuesday. Tapestry has a 52 week low of $92.62 and a 52 week high of $161.97. The company has a 50 day moving average price of $144.33 and a 200 day moving average price of $143.35. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The firm has a market cap of $31.44 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43.

Tapestry (NYSE:TPRGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, sell-side analysts forecast that Tapestry will post 6.97 EPS for the current fiscal year.

Insider Buying and Selling

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were 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 trade represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

Several institutional investors and hedge funds have recently modified their holdings of TPR. World Investment Advisors grew its stake in Tapestry by 3.6% in the first quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock valued at $279,000 after purchasing an additional 69 shares in the last quarter. Horizon Bancorp Inc. IN raised its stake in shares of Tapestry by 4.7% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,575 shares of the luxury accessories retailer’s stock worth $222,000 after purchasing an additional 71 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Tapestry by 2.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after buying an additional 73 shares in the last quarter. Eastern Bank increased its holdings in Tapestry by 24.4% in the second quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock worth $57,000 after buying an additional 77 shares during the last quarter. Finally, NewEdge Wealth LLC increased its holdings in Tapestry by 2.7% in the first quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock worth $450,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

About Tapestry

(Get Free Report)

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.

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