Tapestry (NYSE:TPR) Price Target Raised to $175.00

Tapestry (NYSE:TPR) had its price target raised by Telsey Advisory Group from $160.00 to $175.00 in a research note released on Thursday, Marketbeat.com reports. They currently have an outperform rating on the luxury accessories retailer’s stock.

A number of other research firms also recently commented on TPR. Morgan Stanley reaffirmed an “overweight” rating and set a $164.00 price objective on shares of Tapestry in a research note on Monday, July 6th. Raymond James Financial reissued an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. Zacks Research downgraded shares of Tapestry from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $180.00 price target on shares of Tapestry in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $175.44.

Tapestry Price Performance

TPR stock opened at $162.46 on Thursday. Tapestry has a 52-week low of $92.62 and a 52-week high of $163.94. The stock’s fifty day simple moving average is $145.71 and its 200-day simple moving average is $144.04. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a market capitalization of $32.82 billion, a price-to-earnings ratio of 52.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.43.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts expect that Tapestry will post 6.98 EPS for the current year.

Insider Transactions at Tapestry

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

Institutional Investors Weigh In On Tapestry

Several large investors have recently made changes to their positions in TPR. Eurizon Capital SGR S.p.A. bought a new position in Tapestry during the 4th quarter valued at $8,109,000. Norges Bank acquired a new position in Tapestry during the 4th quarter worth $345,349,000. Keystone Investors PTE Ltd. increased its position in shares of Tapestry by 17.4% in the 4th quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after purchasing an additional 9,303 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of Tapestry in the 1st quarter valued at about $59,525,000. Finally, North Dakota State Investment Board acquired a new stake in shares of Tapestry in the 4th quarter valued at about $2,417,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Key Headlines Impacting 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

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.