Tapestry (TPR) – Analysts’ Weekly Ratings Changes

Tapestry (NYSE: TPR) recently received a number of ratings updates from brokerages and research firms:

• 2/3/2025 – Tapestry had its price target raised by analysts at Wells Fargo & Company from $75.00 to $90.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Tapestry had its price target raised by analysts at Telsey Advisory Group from $74.00 to $83.00. They now have an “outperform” rating on the stock.
• 1/28/2025 – Tapestry had its price target raised by analysts at Jefferies Financial Group Inc. from $80.00 to $83.00. They now have a “buy” rating on the stock.
• 1/27/2025 – Tapestry had its price target raised by analysts at Evercore ISI from $68.00 to $74.00. They now have an “outperform” rating on the stock.
• 1/21/2025 – Tapestry had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $65.00 price target on the stock.
• 1/10/2025 – Tapestry had its price target raised by analysts at UBS Group AG from $57.00 to $70.00. They now have a “neutral” rating on the stock.
• 1/8/2025 – Tapestry was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $87.00 price target on the stock, up previously from $57.00.
• 12/19/2024 – Tapestry was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock, up previously from $50.00.
• 12/16/2024 – Tapestry had its price target raised by analysts at JPMorgan Chase & Co. from $66.00 to $75.00. They now have an “overweight” rating on the stock.

Tapestry Stock Down 0.8 %

Shares of NYSE TPR traded down $0.61 during mid-day trading on Tuesday, hitting $72.92. The company had a trading volume of 2,170,017 shares, compared to its average volume of 4,402,961. The company has a market capitalization of $16.99 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58. The firm has a 50-day simple moving average of $66.81 and a two-hundred day simple moving average of $52.43. The company has a current ratio of 4.93, a quick ratio of 4.38 and a debt-to-equity ratio of 2.35. Tapestry, Inc. has a one year low of $35.23 and a one year high of $76.49.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.40 annualized dividend and a yield of 1.92%. Tapestry’s dividend payout ratio (DPR) is presently 40.46%.

Insiders Place Their Bets

In other news, VP Manesh Dadlani sold 8,872 shares of Tapestry stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the completion of the sale, the vice president now directly owns 35,003 shares in the company, valued at approximately $2,028,773.88. The trade was a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Tapestry by 0.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 19,303 shares of the luxury accessories retailer’s stock worth $1,261,000 after purchasing an additional 170 shares during the last quarter. Valley National Advisers Inc. boosted its position in Tapestry by 0.5% during the fourth quarter. Valley National Advisers Inc. now owns 43,355 shares of the luxury accessories retailer’s stock valued at $2,831,000 after acquiring an additional 202 shares during the last quarter. Redwood Investment Management LLC raised its holdings in shares of Tapestry by 0.4% during the third quarter. Redwood Investment Management LLC now owns 47,407 shares of the luxury accessories retailer’s stock valued at $2,269,000 after purchasing an additional 204 shares during the period. IRON Financial LLC raised its holdings in shares of Tapestry by 4.5% in the 4th quarter. IRON Financial LLC now owns 4,882 shares of the luxury accessories retailer’s stock worth $319,000 after acquiring an additional 208 shares during the last quarter. Finally, Lebenthal Global Advisors LLC raised its holdings in shares of Tapestry by 2.8% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 7,813 shares of the luxury accessories retailer’s stock worth $367,000 after acquiring an additional 215 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.