Tapestry (NYSE:TPR) Receives "Outperform" Rating from Telsey Advisory Group

Key Points

• The Telsey Advisory Group has raised its target price for Tapestry (NYSE: TPR) from $92.00 to $125.00, indicating a potential upside of 14.69% from its current value and maintaining an "outperform" rating.
• Several brokerages have recently issued positive ratings for Tapestry, with 17 analysts rating it as a buy, suggesting strong investor confidence.
• Tapestry reported earnings of $1.03 EPS for its last quarter, exceeding expectations and marking a 6.9% year-over-year revenue growth to $1.58 billion.

Tapestry (NYSE:TPR - Get Free Report)'s stock had its "outperform" rating restated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a $125.00 target price on the luxury accessories retailer's stock, up from their prior target price of $92.00. Telsey Advisory Group's price target points to a potential upside of 12.68% from the company's previous close. Telsey Advisory Group also issued estimates for Tapestry's FY2025 earnings at $5.09 EPS and Q3 2026 earnings at $1.08 EPS.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Tapestry from $104.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Cowen restated a "buy" rating on shares of Tapestry in a research report on Thursday, August 7th. Morgan Stanley boosted their price objective on shares of Tapestry from $90.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Argus boosted their price objective on shares of Tapestry from $78.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Finally, Wall Street Zen downgraded shares of Tapestry from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.56.

Tapestry Stock Up 2.8%

Tapestry stock traded up $2.97 during trading on Monday, reaching $110.93. The stock had a trading volume of 3,803,535 shares, compared to its average volume of 3,995,746. Tapestry has a 52-week low of $37.47 and a 52-week high of $113.08. The business has a 50 day moving average price of $95.40 and a 200 day moving average price of $82.11. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 1.59. The stock has a market cap of $23.04 billion, a PE ratio of 29.19, a P/E/G ratio of 2.18 and a beta of 1.51.

Hedge Funds Weigh In On Tapestry

Several institutional investors have recently bought and sold shares of TPR. Harbour Investments Inc. increased its stake in Tapestry by 120.1% in the 1st 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 acquired a new position in Tapestry in the 1st quarter valued at $25,000. First PREMIER Bank acquired a new position in Tapestry in the 2nd quarter valued at $25,000. Vestor Capital LLC acquired a new position in Tapestry in the 2nd quarter valued at $27,000. Finally, Greenline Partners LLC acquired a new position in Tapestry in the 4th quarter valued at $29,000. 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.