Tapestry (NYSE:TPR) Stock Rating Upgraded by Wall Street Zen

Tapestry (NYSE:TPR) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Several other research analysts also recently issued reports on the stock. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a research note on Friday, February 6th. Argus set a $165.00 price target on Tapestry in a research report on Thursday, March 12th. Finally, BTIG Research boosted their price target on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and a consensus price target of $151.06.

Tapestry Trading Down 2.1%

TPR opened at $141.35 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry has a 52 week low of $58.39 and a 52 week high of $161.97. The business’s 50 day moving average is $144.75 and its two-hundred day moving average is $126.65. The firm has a market cap of $28.62 billion, a price-to-earnings ratio of 58.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts predict that Tapestry will post 4.91 EPS for the current year.

Insiders Place Their Bets

In other news, VP Manesh Dadlani sold 2,147 shares of Tapestry stock in a transaction dated 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 $2,835,358.25. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Gates sold 6,498 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the transaction, the director owned 22,698 shares in the company, valued at approximately $3,490,725.42. This trade represents a 22.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 164,956 shares of company stock valued at $25,297,262. Corporate insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Tapestry

A number of large investors have recently modified their holdings of the business. Cloud Capital Management LLC acquired a new position in Tapestry during the third quarter worth $26,000. Acumen Wealth Advisors LLC acquired a new stake in Tapestry in the fourth quarter valued at $28,000. Triumph Capital Management acquired a new stake in Tapestry in the third quarter valued at $29,000. Steph & Co. boosted its position in shares of Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry during the 4th quarter worth $31,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.