JPMorgan Chase & Co. Issues Positive Forecast for Tapestry (NYSE:TPR) Stock Price

Key Points

• JPMorgan Chase & Co. raised its price target for Tapestry (NYSE:TPR) from $139.00 to $142.00, suggesting a potential upside of 33.75% from its current price.
• Seventeen analysts have rated Tapestry with a "Buy" rating, while the consensus target price is $106.47, indicating overall positive sentiment in the market.
• Tapestry reported earnings of $1.04 per share, exceeding expectations, and has projected earnings of 5.300-5.450 EPS for FY 2026.

Tapestry (NYSE:TPR - Get Free Report) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $139.00 to $142.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the luxury accessories retailer's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 33.75% from the stock's current price.

Several other analysts have also recently commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Tapestry in a research note on Thursday. Evercore ISI lowered their target price on shares of Tapestry from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. UBS Group lowered their target price on shares of Tapestry from $112.00 to $105.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Argus lifted their target price on shares of Tapestry from $78.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $112.00 price target on shares of Tapestry in a report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Tapestry currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.47.

Tapestry Price Performance

Shares of TPR stock traded up $0.87 during midday trading on Thursday, reaching $106.17. 374,217 shares of the company traded hands, compared to its average volume of 4,869,557. The firm's 50 day simple moving average is $103.22 and its two-hundred day simple moving average is $85.23. Tapestry has a 1-year low of $41.38 and a 1-year high of $114.05. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. The firm has a market cap of $22.10 billion, a PE ratio of 168.97, a price-to-earnings-growth ratio of 2.65 and a beta of 1.52.

Tapestry (NYSE:TPR - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the company posted $0.92 EPS. The company's revenue was up 8.3% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, equities research analysts expect that Tapestry will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Tapestry

In related news, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction on Monday, August 25th. The shares were sold at an average price of $99.05, for a total transaction of $780,712.10. Following the transaction, the vice president owned 21,098 shares in the company, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On Tapestry

A number of institutional investors have recently added to or reduced their stakes in TPR. Focus Partners Wealth lifted its holdings in Tapestry by 33.3% in the 4th quarter. Focus Partners Wealth now owns 19,816 shares of the luxury accessories retailer's stock worth $1,295,000 after buying an additional 4,952 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Tapestry in the 4th quarter worth about $562,000. Janus Henderson Group PLC boosted its holdings in shares of Tapestry by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 113,637 shares of the luxury accessories retailer's stock valued at $7,427,000 after acquiring an additional 534 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Tapestry in the fourth quarter valued at approximately $278,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tapestry by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,513 shares of the luxury accessories retailer's stock valued at $4,280,000 after acquiring an additional 5,251 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Tapestry Company Profile

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.

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