Tapestry (NYSE:TPR) Reaches New 52-Week High on Strong Earnings

Tapestry, Inc. (NYSE:TPR)’s share price reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $142.22 and last traded at $135.1550, with a volume of 1797989 shares changing hands. The stock had previously closed at $129.92.

The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.53. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. Tapestry’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS.

Tapestry announced that its Board of Directors has approved a share repurchase program on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Key Headlines Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat Q2 expectations — reported $2.69 EPS vs. $2.16 consensus and $2.50B revenue vs. $2.29B expected, driven by holiday strength. Corporate release and slide deck provided more detail on margin and channel performance. Business Wire — Q2 Results
• Positive Sentiment: The company materially raised FY2026 guidance: EPS of $6.40–$6.45 vs. street ~$5.66, and revenue guidance of ~$7.8B vs. ~$7.4B consensus — a direct catalyst for the rally. Reuters — Forecast Lift
• Positive Sentiment: Brand momentum: Coach sales surged during the quarter and management highlighted strong demand for its Tabby handbag, which helped offset weakness elsewhere. This product-level strength supports the higher guidance. WSJ — Coach Sales Surge
• Positive Sentiment: Analysts responded: Evercore ISI raised its price target to $150 (outperform), signaling increased street conviction and supporting further upside. American Banking News — Evercore PT Raise
• Neutral Sentiment: Pre- and post-earnings previews and metric analyses from outlets (Zacks, Yahoo) provide investor context on key drivers to watch next quarter—useful but not immediate catalysts. Zacks — Q2 Projections
• Negative Sentiment: Short-term caution: a MarketWatch note highlighted a recent one-day decline (though Tapestry still outperformed the market over the period), suggesting intraday profit-taking can occur after sharp runs. MarketWatch — Short-term Pullback

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TPR shares. Wells Fargo & Company upped their price target on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. UBS Group lifted their price target on shares of Tapestry from $105.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Barclays boosted their target price on shares of Tapestry from $154.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, BTIG Research began coverage on Tapestry in a report on Tuesday, October 14th. They issued a “buy” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.05.

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $115.17, for a total transaction of $67,144.11. Following the completion of the sale, the insider directly owned 19,285 shares in the company, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Roe sold 18,794 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the transaction, the chief financial officer directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 115,485 shares of company stock worth $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

A number of institutional investors and hedge funds have recently bought and sold shares of TPR. Thrivent Financial for Lutherans increased its holdings in Tapestry by 181.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 115,227 shares of the luxury accessories retailer’s stock valued at $14,726,000 after buying an additional 74,261 shares during the last quarter. Clarion Wealth Managment Partners LLC increased its holdings in shares of Tapestry by 1.6% in the 4th quarter. Clarion Wealth Managment Partners LLC now owns 15,191 shares of the luxury accessories retailer’s stock valued at $1,941,000 after acquiring an additional 237 shares during the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Tapestry by 5.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 15,388 shares of the luxury accessories retailer’s stock worth $1,954,000 after acquiring an additional 818 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in Tapestry during the fourth quarter worth approximately $1,371,000. Finally, Fortem Financial Group LLC boosted its holdings in Tapestry by 4.7% in the fourth quarter. Fortem Financial Group LLC now owns 27,047 shares of the luxury accessories retailer’s stock valued at $3,456,000 after purchasing an additional 1,218 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tapestry Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. The stock has a fifty day moving average of $125.90 and a 200-day moving average of $114.39. The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 120.31, a P/E/G ratio of 2.18 and a beta of 1.63.

About Tapestry

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.