Tapestry (NYSE:TPR) Price Target Raised to $83.00

Tapestry (NYSE:TPR) had its price target increased by Telsey Advisory Group from $74.00 to $83.00 in a report issued on Monday,Benzinga reports. Telsey Advisory Group currently has an outperform rating on the luxury accessories retailer’s stock. Telsey Advisory Group also issued estimates for Tapestry’s Q1 2026 earnings at $1.05 EPS and Q3 2026 earnings at $0.92 EPS.

Other research analysts have also issued research reports about the company. Wells Fargo & Company raised their price objective on Tapestry from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Robert W. Baird raised their price target on Tapestry from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Jefferies Financial Group upped their price target on shares of Tapestry from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Daiwa America upgraded shares of Tapestry to a “hold” rating in a research note on Monday, November 18th. Finally, TD Cowen lowered shares of Tapestry from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.28.

Tapestry Price Performance

Shares of TPR opened at $73.40 on Monday. Tapestry has a fifty-two week low of $35.23 and a fifty-two week high of $76.49. The firm’s 50-day simple moving average is $67.29 and its two-hundred day simple moving average is $52.80. The stock has a market cap of $17.10 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93.

Insider Buying and Selling at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total transaction of $514,221.12. Following the completion of the sale, the vice president now directly owns 35,003 shares of the company’s stock, valued at approximately $2,028,773.88. This represents a 20.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.18% of the company’s stock.

Institutional Trading of Tapestry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TPR. Waldron Private Wealth LLC purchased a new stake in Tapestry during the third quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its holdings in Tapestry by 78.0% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the luxury accessories retailer’s stock worth $38,000 after acquiring an additional 252 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Tapestry in the 3rd quarter worth approximately $47,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Tapestry in the 2nd quarter worth approximately $68,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in Tapestry by 68.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,492 shares of the luxury accessories retailer’s stock worth $70,000 after acquiring an additional 605 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.