Tapestry (NYSE:TPR) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays has increased its target price for Tapestry stock from $111.00 to $127.00, indicating a potential upside of 20.60%.
• Seventeen research analysts have rated Tapestry with a Buy rating, while its current price target consensus is $106.63.
• In its most recent earnings report, Tapestry posted an EPS of $1.04, beating expectations, with a quarterly revenue increase of 8.3% year-over-year.

Tapestry (NYSE:TPR - Get Free Report) had its target price increased by analysts at Barclays from $111.00 to $127.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the luxury accessories retailer's stock. Barclays's price target points to a potential upside of 20.60% from the stock's current price.

Several other research firms also recently issued reports on TPR. Wells Fargo & Company boosted their price objective on Tapestry from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Wall Street Zen downgraded Tapestry from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th. Evercore ISI cut their price objective on Tapestry from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. JPMorgan Chase & Co. upped their price target on Tapestry from $104.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $112.00 price objective on shares of Tapestry in a report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Tapestry has a consensus rating of "Moderate Buy" and a consensus price target of $106.63.

Tapestry Stock Performance

Shares of Tapestry stock opened at $105.31 on Thursday. Tapestry has a 52 week low of $40.41 and a 52 week high of $114.05. The business's fifty day simple moving average is $103.22 and its 200-day simple moving average is $85.23. The firm has a market cap of $21.92 billion, a PE ratio of 167.15, a price-to-earnings-growth ratio of 2.65 and a beta of 1.52. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77.

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

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 7,882 shares of the 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 completion of the sale, the vice president directly owned 21,098 shares of the company's stock, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.18% of the company's stock.

Institutional Trading of Tapestry

Hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth lifted its holdings in shares of Tapestry by 33.3% in the 4th quarter. Focus Partners Wealth now owns 19,816 shares of the luxury accessories retailer's stock valued at $1,295,000 after buying an additional 4,952 shares during the period. Jefferies Financial Group Inc. purchased a new position in Tapestry in the 4th quarter valued at approximately $562,000. Janus Henderson Group PLC increased its stake in Tapestry by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 113,637 shares of the luxury accessories retailer's stock valued at $7,427,000 after purchasing an additional 534 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Tapestry in the 4th quarter valued at approximately $278,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Tapestry by 8.7% in the 4th 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 purchasing an additional 5,251 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

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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