Tapestry's (TPR) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Tapestry's stock has been reaffirmed with a "hold (c)" rating by Weiss Ratings, reflecting a cautious outlook among analysts.
• The company reported a quarterly earnings per share of $1.04, surpassing estimates and showing an 8.3% revenue growth year-over-year.
• Institutional investors own approximately 90.77% of Tapestry's stock, indicating strong interest from large financial entities.

Tapestry (NYSE:TPR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on TPR. Bank of America cut Tapestry from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $95.00 to $115.00 in a research note on Tuesday, July 29th. Evercore ISI dropped their target price on Tapestry from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Morgan Stanley reissued an "overweight" rating on shares of Tapestry in a report on Thursday, September 11th. Argus boosted their price objective on Tapestry from $78.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Wall Street Zen lowered Tapestry from a "strong-buy" rating to a "buy" rating in a report on Monday, September 22nd. Seventeen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.42.

Tapestry Price Performance

NYSE TPR traded up $1.52 during mid-day trading on Wednesday, hitting $116.78. The stock had a trading volume of 1,623,075 shares, compared to its average volume of 4,702,146. Tapestry has a 52-week low of $43.07 and a 52-week high of $117.77. The company has a market cap of $24.17 billion, a price-to-earnings ratio of 185.37, a P/E/G ratio of 2.78 and a beta of 1.57. The company has a 50 day simple moving average of $107.35 and a 200 day simple moving average of $89.92. 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 released its quarterly earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. Equities analysts forecast that Tapestry will post 4.91 EPS for the current fiscal year.

Insider Activity at Tapestry

In other news, Director Alan Ka Ming Lau sold 11,320 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the sale, the director owned 8,153 shares in the company, valued at approximately $865,767.07. This represents a 58.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the sale, the vice president owned 21,098 shares of the company's stock, valued at $2,089,756.90. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.32% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. First PREMIER Bank acquired a new stake in shares of Tapestry during the 2nd quarter valued at $25,000. Vestor Capital LLC acquired a new stake in shares of Tapestry during the 2nd quarter valued at $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Tapestry during the 1st quarter valued at $25,000. Harbour Investments Inc. boosted its stake in shares of Tapestry by 120.1% during 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. Finally, CVA Family Office LLC boosted its stake in shares of Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer's stock valued at $33,000 after buying an additional 263 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

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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