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

Tapestry (NYSE:TPR) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird increased their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Citigroup raised their target price on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. BTIG Research reaffirmed a “buy” rating and issued a $180.00 target price on shares of Tapestry in a research report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price target on Tapestry from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, Evercore set a $175.00 price target on Tapestry in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.44.

Tapestry Stock Up 0.1%

Tapestry stock opened at $162.46 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. Tapestry has a 12-month low of $92.62 and a 12-month high of $163.94. The firm’s fifty day moving average is $145.71 and its 200 day moving average is $144.14. The company has a market capitalization of $32.82 billion, a PE ratio of 52.07, a PEG ratio of 1.47 and a beta of 1.43.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Tapestry’s revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts predict that Tapestry will post 6.98 EPS for the current fiscal year.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.32% of the company’s stock.

Institutional Trading of Tapestry

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the fourth quarter worth about $28,000. Steph & Co. increased its stake in Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Tapestry during the 4th quarter worth approximately $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Tapestry during the 4th quarter worth approximately $32,000. Finally, Triumph Capital Management purchased a new position in shares of Tapestry in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Trending Headlines about Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Higher analyst price target: Telsey Advisory Group raised its Tapestry price target from $160 to $175 and maintained an “outperform” rating, implying additional upside from current levels. Benzinga report
• Positive Sentiment: Positive earnings expectations: Zacks said Tapestry has factors that could support an earnings beat in next week’s quarterly release, while another analysis highlights the potential for continued earnings growth. Strong results could reinforce the stock’s recent momentum. Zacks earnings expectations
• Positive Sentiment: Long-term growth appeal: Zacks identifies TPR as a potential long-term growth stock, supported by its style-score framework and expectations for market-beating performance. Zacks long-term growth analysis
• Positive Sentiment: AI initiatives may improve execution: Reports describe Tapestry’s efforts to build internal support for AI experimentation. Applying AI across areas such as customer engagement, merchandising and operations could create longer-term efficiency and brand advantages. Wall Street Journal AI culture article
• Neutral Sentiment: Retail backdrop remains supportive: Telsey’s Dana Telsey favors Tapestry alongside Ralph Lauren and off-price retailers, citing resilient consumers and product “newness.” The view is supportive but reflects broader retail optimism rather than a new company-specific result. Barron’s retail analysis
• Neutral Sentiment: Near-term catalyst and risk: Tapestry is expected to report earnings next Thursday. Investors will watch sales, margins and guidance to determine whether the optimistic forecasts are justified. Earnings announcement article

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.