Tapestry (NYSE:TPR) Rating Lowered to “Buy” at Wall Street Zen

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

A number of other analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Wells Fargo & Company upped their target price on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. The Goldman Sachs Group set a $166.00 price target on Tapestry in a report on Friday, February 6th. BNP Paribas Exane assumed coverage on Tapestry in a research note on Friday, February 13th. They set an “outperform” rating and a $176.00 price target for the company. Finally, Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.06.

Tapestry Trading Up 1.4%

TPR stock opened at $146.08 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry has a twelve month low of $58.39 and a twelve month high of $161.97. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 60.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The firm’s fifty day simple moving average is $143.58 and its two-hundred day simple moving average is $125.33.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The business’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, analysts anticipate that Tapestry will post 4.91 earnings per share for the current year.

Insider Buying and Selling at Tapestry

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

Hedge Funds Weigh In On Tapestry

A number of hedge funds and other institutional investors have recently made changes to their positions in TPR. Schroder Investment Management Group raised its holdings in shares of Tapestry by 92.8% in the fourth quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock valued at $1,194,678,000 after acquiring an additional 4,500,850 shares in the last quarter. Norges Bank bought a new position in Tapestry during the 4th quarter worth about $345,349,000. Wellington Management Group LLP increased its position in Tapestry by 632.3% during the 4th quarter. Wellington Management Group LLP now owns 2,366,502 shares of the luxury accessories retailer’s stock valued at $302,368,000 after purchasing an additional 2,043,353 shares during the period. Massachusetts Financial Services Co. MA increased its position in Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock valued at $277,295,000 after purchasing an additional 1,750,566 shares during the period. Finally, State Street Corp raised its holdings in shares of Tapestry by 19.3% in the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock valued at $1,044,995,000 after purchasing an additional 1,494,193 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

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.