Evercore ISI Increases Tapestry (NYSE:TPR) Price Target to $150.00

Tapestry (NYSE:TPR) had its price target boosted by equities research analysts at Evercore ISI from $129.00 to $150.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the luxury accessories retailer’s stock. Evercore ISI’s price target suggests a potential upside of 16.04% from the stock’s current price.

A number of other analysts have also recently commented on the company. Guggenheim initiated coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price target on shares of Tapestry in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a research report on Tuesday, January 6th. Jefferies Financial Group downgraded Tapestry from a “buy” rating to a “hold” rating and dropped their target price for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Finally, Barclays boosted their price objective on shares of Tapestry from $154.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.05.

Tapestry Stock Performance

Shares of TPR stock traded down $0.40 during mid-day trading on Tuesday, hitting $129.27. The stock had a trading volume of 126,919 shares, compared to its average volume of 2,084,702. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.52 and a quick ratio of 0.93. The company’s 50-day simple moving average is $125.13 and its 200-day simple moving average is $114.11. Tapestry has a fifty-two week low of $58.39 and a fifty-two week high of $136.04. The firm has a market cap of $26.46 billion, a PE ratio of 115.20, a PEG ratio of 2.17 and a beta of 1.63.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Sell-side analysts anticipate that Tapestry will post 4.91 earnings per share for the current year.

Tapestry declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Joanne C. Crevoiserat sold 31,735 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $105.31, for a total value of $3,342,012.85. Following the transaction, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise Kulikowsky sold 583 shares of Tapestry stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the transaction, the insider directly owned 19,285 shares in the company, valued at approximately $2,221,053.45. This represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,485 shares of company stock valued at $12,034,058 in the last three months. Company insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Hedge funds and other institutional investors have recently made changes to their positions in the business. Woodline Partners LP raised its position in shares of Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Tapestry during the 1st quarter worth about $493,000. Sivia Capital Partners LLC bought a new stake in shares of Tapestry in the 2nd quarter valued at about $602,000. Janney Montgomery Scott LLC increased its stake in shares of Tapestry by 292.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 30,733 shares of the luxury accessories retailer’s stock valued at $2,699,000 after acquiring an additional 22,899 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Tapestry during the 2nd quarter worth approximately $37,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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.