Tapestry (NYSE:TPR) Lowered to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Tapestry from "strong-buy" to "buy," but the stock still carries a consensus "Moderate Buy" rating with a consensus target price of $151.06 and several firms raising price targets up to $179.
• Tapestry beat expectations with Q results—EPS $2.69 and revenue $2.50B (revenue +14% YoY)—and set FY 2026 guidance of 6.400–6.450 EPS.
• Significant insider selling occurred recently: insiders sold 164,956 shares worth about $25.3M over the last three months (including CFO and a director), leaving insiders with just 1.32% ownership.

Tapestry (NYSE:TPR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Several other analysts also recently weighed in on the company. Telsey Advisory Group lifted their price objective on Tapestry to $150.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. BTIG Research lifted their price objective on Tapestry from $140.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 6th. Barclays set a $179.00 price objective on Tapestry and gave the company an "overweight" rating in a report on Friday, February 6th. UBS Group reiterated a "neutral" rating and issued a $141.00 target price on shares of Tapestry in a report on Monday, February 9th. Finally, Citigroup boosted their target price on shares of Tapestry from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Tapestry has an average rating of "Moderate Buy" and a consensus target price of $151.06.

Tapestry Stock Performance

TPR stock opened at $150.19 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The business has a 50-day moving average price of $147.04 and a 200 day moving average price of $128.09. The company has a market capitalization of $30.41 billion, a P/E ratio of 62.06, a PEG ratio of 1.83 and a beta of 1.59. Tapestry has a 1-year low of $61.60 and a 1-year high of $161.97.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities research analysts forecast that Tapestry will post 4.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tapestry news, CFO Scott A. Roe sold 44,290 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total value of $6,759,539.80. Following the completion of the transaction, the chief financial officer directly owned 139,128 shares in the company, valued at approximately $21,233,715.36. The trade was a 24.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold a total of 164,956 shares of company stock valued at $25,297,262 in the last three months. 1.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tapestry

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Tapestry by 2.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer's stock valued at $477,000 after acquiring an additional 73 shares in the last quarter. Northwest Wealth Management LLC increased its holdings in shares of Tapestry by 3.4% during the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer's stock valued at $315,000 after acquiring an additional 82 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Tapestry by 2.8% during the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer's stock valued at $405,000 after acquiring an additional 87 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of Tapestry by 23.4% during the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer's stock valued at $60,000 after acquiring an additional 89 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD increased its holdings in shares of Tapestry by 1.8% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer's stock valued at $733,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

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.

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