BTIG Research Issues Positive Forecast for Tapestry (NYSE:TPR) Stock Price

Tapestry (NYSE:TPR) had its price objective hoisted by investment analysts at BTIG Research from $175.00 to $180.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the luxury accessories retailer’s stock. BTIG Research’s price target indicates a potential upside of 22.90% from the company’s previous close.

Several other analysts also recently issued reports on the company. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. BNP Paribas Exane assumed coverage on Tapestry in a report on Friday, February 13th. They set an “outperform” rating and a $176.00 price objective for the company. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Barclays set a $179.00 price target on Tapestry and gave the company an “overweight” rating in a research note 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, the company presently has an average rating of “Moderate Buy” and an average price target of $153.33.

Tapestry Stock Performance

TPR stock opened at $146.46 on Friday. The business’s 50-day moving average price is $148.22 and its two-hundred day moving average price is $130.45. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The firm has a market cap of $29.65 billion, a PE ratio of 60.52, a P/E/G ratio of 1.75 and a beta of 1.59. Tapestry has a 1-year low of $66.64 and a 1-year high of $161.97.

Tapestry (NYSE:TPR) last posted its 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. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company posted $2.00 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, research analysts forecast that Tapestry will post 6.45 earnings per share for the current year.

Insider Activity at Tapestry

In other news, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider directly owned 26,942 shares in the company, valued at approximately $4,192,714.04. This represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by company insiders.

Institutional Trading of Tapestry

Large investors have recently bought and sold shares of the business. Acumen Wealth Advisors LLC acquired a new stake in Tapestry during the 4th quarter worth about $28,000. 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. Cloud Capital Management LLC bought a new position in shares of Tapestry during the 3rd quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new position in Tapestry in the 4th quarter valued at about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Tapestry in the 4th quarter valued at about $32,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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.