Analysts Set Tapestry, Inc. (NYSE:TPR) Price Target at $147.00

Tapestry, Inc. (NYSE:TPR) has received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $147.00.

A number of research firms have recently weighed in on TPR. Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. upped their price target on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Citigroup raised their price target on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Telsey Advisory Group lifted their price objective on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, TD Cowen reissued a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th.

Insider Buying and Selling at Tapestry

In other news, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the sale, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 over the last ninety days. 1.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TPR. Fisher Asset Management LLC grew its position in shares of Tapestry by 21.7% during the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after buying an additional 108,278 shares during the period. DNB Asset Management AS lifted its position in shares of Tapestry by 1,331.4% during the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after acquiring an additional 36,720 shares during the period. Great Diamond Partners LLC acquired a new position in shares of Tapestry during the 3rd quarter valued at $2,395,000. Three Seasons Wealth LLC bought a new position in Tapestry during the third quarter worth $1,882,000. Finally, Stevens Capital Partners bought a new position in Tapestry during the third quarter worth $8,880,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Down 2.0%

Shares of NYSE:TPR opened at $145.33 on Monday. Tapestry has a 12-month low of $58.39 and a 12-month high of $161.97. The business has a 50 day moving average of $141.41 and a 200-day moving average of $122.50. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The stock has a market cap of $29.42 billion, a PE ratio of 60.05, a P/E/G ratio of 1.78 and a beta of 1.55.

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

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s payout ratio is 66.12%.

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.