<div id="readability-page-1"><p><span>Tapestry (NYSE:TPR - Get Free Report)</span> was downgraded by equities research analysts at Wall Street Zen from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report issued to clients and investors on Saturday.</p><ul><li>These 3 Stocks Are Using Buybacks to Signal Market Confidence</li></ul><p>A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Tapestry from $116.00 to $130.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, October 6th. Morgan Stanley upped their price objective on shares of Tapestry from $124.00 to $126.00 and gave the stock an &#34;overweight&#34; rating in a report on Friday, November 7th. BTIG Research began coverage on shares of Tapestry in a research report on Tuesday, October 14th. They set a &#34;buy&#34; rating and a $140.00 price objective for the company. Wells Fargo &amp; Company cut their price target on shares of Tapestry from $135.00 to $125.00 and set an &#34;overweight&#34; rating on the stock in a report on Friday, November 7th. Finally, Robert W. Baird  set a $130.00 target price on shares of Tapestry in a research report on Wednesday, October 29th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued  a Hold rating to the company's stock. According to MarketBeat, Tapestry currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $119.26.</p><p><b>Get Our Latest Stock Report on Tapestry</b></p><h2>Tapestry Stock Up 0.9%</h2><ul><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li></ul><p>Shares of Tapestry stock opened at $116.15 on Friday. Tapestry has a twelve month low of $58.39 and a twelve month high of $118.56. The company has a fifty day moving average price of $110.43 and a 200 day moving average price of $101.64. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 103.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. </p><p>Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.Tapestry's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS.  Equities research analysts forecast that  Tapestry will post 4.91 earnings per share for the current fiscal year. </p><ul><li>3 Consumer Discretionary Stocks to Buy in a Divided Economy</li></ul><p>Tapestry announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in  outstanding  shares. This repurchase authorization allows the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued. </p><h2>Insider Transactions at Tapestry</h2><p>In other Tapestry news, CFO Scott A. Roe sold 18,794 shares of Tapestry stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following the transaction, the chief financial officer directly owned 148,149 shares of the company's stock, valued at $15,533,422.65. The trade was a 11.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the business's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the transaction, the chief executive officer directly owned 667,233 shares in the company, valued at $70,266,307.23. This trade represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 126,805 shares of company stock worth $13,236,129. Insiders own  1.32% of the company's stock. </p><h2>Institutional Trading of Tapestry</h2><p>A number of institutional investors and hedge funds have recently modified their holdings of the company. Jump Financial LLC increased its holdings in shares of  Tapestry by 1,025.9% during the first quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer's stock worth $5,612,000 after buying an additional 72,623 shares in the last quarter.  Nuveen LLC acquired a new position in  Tapestry during the 1st quarter valued at about $59,133,000.  Czech National Bank boosted its stake in  Tapestry by 6.8% in the second quarter. Czech National Bank now owns 50,781 shares of the luxury accessories retailer's stock valued at $4,459,000 after acquiring an additional 3,233 shares during the last quarter.  Hsbc Holdings PLC raised its position in shares of  Tapestry by 50.6% during the 1st quarter. Hsbc Holdings PLC now owns 351,793 shares of the luxury accessories retailer's stock valued at $24,596,000 after acquiring an additional 118,200 shares during the last quarter.  Finally, Range Financial Group LLC lifted its stake in shares of  Tapestry by 20.5% in the 2nd quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer's stock valued at $3,376,000 after purchasing an additional 6,535 shares during the period. 90.77% of the stock is currently owned by institutional investors. </p><h2>About Tapestry</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Tapestry</li><li>Dividend Capture Strategy: What You Need to Know</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>How to Invest in Biotech Stocks</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>There Are Different Types of Stock To Invest In</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tapestry Right Now?</h2><p>Before you consider Tapestry, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tapestry wasn't on the list.</p><p>While Tapestry currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wall Street Zen downgraded Tapestry's stock rating from "strong-buy" to "buy." Other analysts, including Goldman Sachs and Morgan Stanley, have adjusted their price targets, with mixed ratings. Tapestry's stock opened at $116.15, with a market cap of $23.77 billion. The company announced a $1 billion stock buyback plan, indicating confidence in its undervaluation. Recent insider sales were disclosed, and institutional investors have modified their holdings. Tapestry's quarterly earnings exceeded expectations, with revenue up 13.1% year-over-year.</p>

Tapestry (NYSE:TPR) Stock Rating Lowered by Wall Street Zen