Tapestry (NYSE:TPR) Price Target Raised to $83.00 at Telsey Advisory Group

Tapestry (NYSE:TPR) had its target price boosted by Telsey Advisory Group from $74.00 to $83.00 in a research note issued to investors 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.

TPR has been the subject of several other research reports. Citigroup increased their target price on Tapestry from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com lowered Tapestry from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Robert W. Baird raised their price objective on Tapestry from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. BMO Capital Markets raised their price objective on Tapestry from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Monday, November 18th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.28.

Tapestry Stock Performance

NYSE:TPR opened at $73.40 on Monday. The company has a current ratio of 4.93, a quick ratio of 4.38 and a debt-to-equity ratio of 2.35. Tapestry has a 12-month low of $35.23 and a 12-month high of $76.49. The stock has a 50-day moving average price of $67.29 and a 200 day moving average price of $52.80. The stock has a market capitalization of $17.10 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.07 and a beta of 1.58.

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of Tapestry stock in a transaction 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 transaction, the vice president now directly owns 35,003 shares of the company’s stock, valued at $2,028,773.88. The trade was a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Tapestry during the second quarter worth $311,000. Creative Planning increased its stake in Tapestry by 1.0% in the 2nd quarter. Creative Planning now owns 48,518 shares of the luxury accessories retailer’s stock worth $2,076,000 after buying an additional 457 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Tapestry by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,118 shares of the luxury accessories retailer’s stock valued at $519,000 after buying an additional 884 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Tapestry during the 2nd quarter valued at about $203,000. Finally, Cetera Investment Advisers grew its stake in Tapestry by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 55,669 shares of the luxury accessories retailer’s stock worth $2,382,000 after acquiring an additional 2,513 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.