Tapestry (NYSE:TPR) Price Target Raised to $200.00 at JPMorgan Chase & Co.

Tapestry (NYSE:TPR) had its target price lifted by JPMorgan Chase & Co. from $190.00 to $200.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the luxury accessories retailer’s stock.

Several other equities analysts have also recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. UBS Group upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and increased their price target for the company from $142.00 to $187.00 in a research note on Friday. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird boosted their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company upped their target price on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and an average target price of $160.67.

Tapestry Price Performance

Shares of NYSE TPR opened at $133.43 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.10. The business has a 50-day moving average of $146.44 and a 200-day moving average of $132.25. The stock has a market capitalization of $27.01 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.45 and a beta of 1.45. Tapestry has a fifty-two week low of $76.29 and a fifty-two week high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.31 by $0.35. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, sell-side analysts predict that Tapestry will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the transaction, the vice president directly owned 18,475 shares of the company’s stock, valued at $2,835,358.25. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. The trade was a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 over the last three months. 1.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TPR. Wilkerson Advisory Group LLC boosted its stake in shares of Tapestry by 18.5% in the first quarter. Wilkerson Advisory Group LLC now owns 749 shares of the luxury accessories retailer’s stock valued at $106,000 after buying an additional 117 shares during the period. Florida Financial Advisors LLC raised its holdings in Tapestry by 23.9% in the 1st quarter. Florida Financial Advisors LLC now owns 18,571 shares of the luxury accessories retailer’s stock valued at $2,621,000 after acquiring an additional 3,585 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Tapestry by 20.5% in the 1st quarter. Meeder Asset Management Inc. now owns 75,106 shares of the luxury accessories retailer’s stock valued at $10,598,000 after acquiring an additional 12,799 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Tapestry by 20.4% during the 1st quarter. WCM Investment Management LLC now owns 1,130,317 shares of the luxury accessories retailer’s stock valued at $154,763,000 after acquiring an additional 191,174 shares during the period. Finally, SEB Asset Management AB bought a new stake in shares of Tapestry during the 1st quarter valued at $59,525,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Key Headlines Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks article

Tapestry Company Profile

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.