Tapestry (NYSE:TPR) Price Target Raised to $130.00

Key Points

• The Goldman Sachs Group raised Tapestry's price target from $116.00 to $130.00, indicating a potential upside of 11.14% from the current stock price.
• In its last quarterly earnings report, Tapestry reported $1.04 earnings per share, surpassing analysts' expectations of $1.02, and its revenue rose 8.3% year-over-year.
• Institutional investors and hedge funds own a significant 90.77% of Tapestry's stock, reflecting strong institutional confidence in the company.

Tapestry (NYSE:TPR - Get Free Report) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $116.00 to $130.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the luxury accessories retailer's stock. The Goldman Sachs Group's target price indicates a potential upside of 11.14% from the stock's current price.

Several other equities analysts also recently weighed in on the company. Sanford C. Bernstein restated an "outperform" rating and issued a $112.00 target price on shares of Tapestry in a research report on Friday, August 15th. Cowen restated a "buy" rating on shares of Tapestry in a report on Thursday, August 7th. Wells Fargo & Company raised their price target on shares of Tapestry from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Evercore ISI lowered their price target on shares of Tapestry from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Finally, UBS Group reduced their price objective on shares of Tapestry from $112.00 to $105.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $108.42.

Tapestry Price Performance

Shares of TPR traded up $2.05 during midday trading on Monday, hitting $116.97. 950,616 shares of the company traded hands, compared to its average volume of 4,724,299. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. Tapestry has a 52 week low of $43.07 and a 52 week high of $117.77. The firm has a 50 day moving average of $107.09 and a 200-day moving average of $89.45. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 185.64, a PEG ratio of 2.77 and a beta of 1.57.

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

Insider Transactions at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the sale, the director owned 8,153 shares of the company's stock, valued at $865,767.07. The trade was a 58.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Manesh Dadlani sold 7,882 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the sale, the vice president directly owned 21,098 shares of the company's stock, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.32% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TPR. Harbour Investments Inc. raised its stake in Tapestry by 120.1% in the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock valued at $25,000 after buying an additional 197 shares during the period. Flaharty Asset Management LLC bought a new position in Tapestry during the 1st quarter worth approximately $25,000. First PREMIER Bank acquired a new position in shares of Tapestry in the 2nd quarter valued at about $25,000. Vestor Capital LLC acquired a new position in shares of Tapestry during the second quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Tapestry in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 90.77% of the company's stock.

About Tapestry

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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