JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Tapestry (NYSE:TPR) Stock

Key Points

• JPMorgan Chase & Co. raised its price target on Tapestry to $200 from $190 and kept an overweight rating, implying about 50% upside from the prior close.
• Tapestry’s latest quarter beat expectations, with EPS of $1.66 versus $1.31 expected and revenue of $1.92 billion versus $1.79 billion expected. The company also raised its full-year guidance, citing strength at Coach and margin expansion.
• Analyst sentiment remains broadly positive, with multiple firms issuing buy or outperform ratings and the stock carrying a Moderate Buy consensus. However, the article notes some volatility from profit-taking, tariff concerns, and insider selling.

Tapestry (NYSE:TPR - Get Free Report) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $190.00 to $200.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the luxury accessories retailer's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 50.48% from the company's previous close.

Several other analysts have also recently weighed in on the stock. Evercore set a $175.00 price objective on shares of Tapestry in a research report on Friday. Wall Street Zen lowered shares of Tapestry from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. Zacks Research upgraded shares of Tapestry from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. Finally, BNP Paribas Exane started coverage on shares of Tapestry in a research note on Friday, February 13th. They issued an "outperform" rating and a $176.00 price target for the company. Two analysts have 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $160.67.

Tapestry Price Performance

NYSE:TPR traded up $2.39 during mid-day trading on Friday, hitting $132.91. 2,768,555 shares of the stock traded hands, compared to its average volume of 2,182,438. The business's 50-day moving average price is $146.44 and its 200 day moving average price is $132.25. The company has a market cap of $26.91 billion, a PE ratio of 54.94, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. Tapestry has a 12-month low of $76.29 and a 12-month high of $161.97. 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 (NYSE:TPR - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.31 by $0.35. The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.79 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts expect that Tapestry will post 6.5 EPS for the current fiscal year.

Insider Activity

In other news, Director Anne Gates sold 6,498 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total transaction of $999,327.42. Following the sale, the director owned 22,698 shares of the company's stock, valued at $3,490,725.42. This trade represents a 22.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Denise Kulikowsky sold 9,166 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 26,942 shares in the company, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tapestry

A number of institutional investors and hedge funds have recently made changes to their positions in TPR. Woodline Partners LP boosted its holdings in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer's stock worth $1,231,000 after buying an additional 3,495 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Tapestry in the first quarter worth $493,000. Sivia Capital Partners LLC bought a new stake in Tapestry in the second quarter worth $602,000. Arrowstreet Capital Limited Partnership bought a new stake in Tapestry in the second quarter worth $6,307,000. Finally, Brown Advisory Inc. boosted its stake in Tapestry by 13.8% during the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer's stock worth $319,000 after buying an additional 439 shares during the period. Hedge funds and other institutional investors own 90.77% of the company's stock.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q3 beat and raised full‑year outlook — Tapestry reported adjusted EPS $1.66 vs. $1.31 expected and revenue ~$1.92B vs. ~$1.79B; management raised FY‑2026 guidance (EPS ~6.95 and revenue guidance around $8.0B), citing strength at Coach and margin expansion. Tapestry Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Analyst support — BTIG reiterated a Buy and set a $180 price target (material upside to current levels), supporting further upside if execution continues. Benzinga: BTIG Rating
• Positive Sentiment: Dividend declared — Tapestry announced a $0.40 quarterly dividend (yield ~1.2%), payable June 22 to holders of record June 5, supporting the shareholder-return story.
• Neutral Sentiment: Broader market tone — softer-than-expected jobless claims helped lift futures and risk appetite today, which can support discretionary names like TPR. Jobless Claims Increased Less Than Expected
• Neutral Sentiment: Street expectations remain constructive — multiple buy/overweight ratings and a median 6‑month price target near $160 reflect analyst confidence, but upside now depends on sustained brand-level momentum.
• Negative Sentiment: Sell‑the‑news volatility — despite the beat and guide lift, shares plunged earlier this week (reports of ~10–12% intraday drops) as investors focused on tariff exposure and weakness at kate spade. That reaction shows sensitivity to execution risk at the smaller brand. TPR Stock Falls 12% Despite Q2 Earnings Beat
• Negative Sentiment: Insider selling & profit‑taking — commentary and data show sizable insider sales and recent investors taking profits after a multi‑month run, which can amplify downside on mixed news. QuiverQuant: TPR slides despite earnings beat

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.

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