Tapestry (NYSE:TPR) Given New $195.00 Price Target at Barclays

Tapestry (NYSE:TPR – Get Free Report) had its price target upped by analysts at Barclays from $185.00 to $195.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the luxury accessories retailer’s stock. Barclays‘s price target suggests a potential upside of 46.03% from the company’s previous close.

A number of other analysts have also commented on the company. Argus lowered their price objective on Tapestry from $165.00 to $148.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Telsey Advisory Group upped their target price on shares of Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Jefferies Financial Group reduced their target price on shares of Tapestry from $144.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, October 21st. TD Cowen assumed coverage on shares of Tapestry in a research report on Friday, October 30th. They set a “strong-buy” rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Tapestry from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.72.

Check Out Our Latest Analysis on Tapestry

Tapestry Trading Down 0.5%

Shares of NYSE TPR traded down $0.64 during midday trading on Friday, hitting $133.53. The stock had a trading volume of 823,438 shares, compared to its average volume of 2,595,539. The company’s 50-day simple moving average is $117.21 and its 200 day simple moving average is $136.93. The firm has a market cap of $26.62 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44. Tapestry has a fifty-two week low of $99.00 and a fifty-two week high of $164.80. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25.

Tapestry (NYSE:TPR – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.26. Tapestry had a return on equity of 254.95% and a net margin of 19.09%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts anticipate that Tapestry will post 7.95 EPS for the current year.

Insider Transactions at Tapestry

In other news, insider Denise Kulikowsky sold 5,810 shares of Tapestry stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $115.38, for a total value of $670,357.80. Following the completion of the transaction, the insider owned 21,136 shares of the company’s stock, valued at $2,438,671.68. This trade represents a 21.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 27,761 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the transaction, the chief executive officer owned 666,149 shares in the company, valued at $88,244,758.03. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tapestry

Several hedge funds have recently bought and sold shares of TPR. Eurizon Capital SGR S.p.A. raised its stake in Tapestry by 156.1% in the third quarter. Eurizon Capital SGR S.p.A. now owns 102,111 shares of the luxury accessories retailer’s stock valued at $11,745,000 after buying an additional 62,247 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Tapestry in the third quarter valued at approximately $44,000. Maryland State Retirement & Pension System lifted its position in shares of Tapestry by 15.5% in the third quarter. Maryland State Retirement & Pension System now owns 12,558 shares of the luxury accessories retailer’s stock valued at $1,445,000 after buying an additional 1,684 shares during the last quarter. Gen Wealth Partners Inc boosted its stake in shares of Tapestry by 40,100.0% during the 3rd quarter. Gen Wealth Partners Inc now owns 8,040 shares of the luxury accessories retailer’s stock worth $925,000 after acquiring an additional 8,020 shares during the period. Finally, Kestra Investment Management LLC boosted its stake in shares of Tapestry by 7.2% during the 3rd quarter. Kestra Investment Management LLC now owns 15,746 shares of the luxury accessories retailer’s stock worth $1,812,000 after acquiring an additional 1,059 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

  • Positive Sentiment: Tapestry reported quarterly EPS of $1.82, beating the $1.56 consensus, while revenue of $1.89 billion topped estimates of $1.85 billion and increased 11.1% year over year. The company also raised its fiscal 2027 outlook, signaling confidence in continued growth. Tapestry first-quarter results and outlook
  • Positive Sentiment: Coach sales strength helped drive the results, with reports highlighting appeal among younger shoppers and CEO comments describing U.S. consumers as resilient. That demand could support the company as it enters the important holiday period. Reuters report on Tapestry’s outlook and Coach demand
  • Positive Sentiment: Wells Fargo raised its TPR price target from $150 to $155 and maintained an “overweight” rating, adding to the positive analyst response following the earnings report. Wells Fargo analyst recommendations
  • Positive Sentiment: The company declared a quarterly dividend of $0.4625 per share, equivalent to $1.85 annually and a stated yield of about 1.4%, providing a modest shareholder return.
  • Neutral Sentiment: The CEO’s positive consumer outlook comes as Coach enters a crucial holiday season; holiday demand will be an important test of whether recent brand momentum continues.

About Tapestry

(Get Free Report)

Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. The company’s portfolio includes Coach, known for handbags, leather goods, footwear, apparel and accessories; Kate Spade New York, which offers handbags, accessories, apparel, footwear, home products and related lifestyle merchandise; and Stuart Weitzman, a designer and manufacturer of women’s footwear.

Tapestry sells its products through company-operated stores, outlet locations, e-commerce websites, wholesale partners and select distributors.

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Analyst Recommendations for Tapestry (NYSE:TPR)

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