Tapestry: UBS lowers PT to $105 from $112, maintains Neutral rating.

Tapestry: UBS lowers PT to $105 from $112, maintains Neutral rating.

UBS Group AG has recently revised its price target for Tapestry (NYSE:TPR) stock, lowering it from $112.00 to $105.00, while maintaining a neutral rating on the luxury accessories retailer. The move comes amidst a mixed analyst sentiment surrounding Tapestry's stock performance.

In a report published on Monday, MarketBeat reported that UBS Group AG had previously raised its price target for Tapestry stock from $73.00 to $112.00, indicating a potential upside of 2.96% from its current price. However, in the latest update, UBS Group AG has adjusted its price objective downward to $105.00, reflecting a more cautious outlook on the stock's future performance.

The revision in UBS Group AG's price target comes amid a broader positive analyst sentiment. According to MarketBeat, Tapestry stock has received a "Moderate Buy" rating from analysts, with an average target price of $99.72. This rating reflects the positive outlook from multiple analysts, with four research analysts issuing a hold rating and seventeen issuing a buy rating.

Tapestry's latest earnings report, released on May 8th, showed strong financial performance. The company reported earnings per share (EPS) of $1.03, surpassing analysts' expectations of $0.89 by $0.14. Revenue for the quarter was $1.58 billion, up 6.9% year-over-year, indicating solid financial health. The company's net margin was 12.50%, and its return on equity was 51.84%.

Despite the positive earnings report, UBS Group AG's downward revision in its price target suggests a more conservative view of Tapestry's future prospects. The brokerage's decision may be influenced by various factors, including market conditions, competitive pressures, and broader economic uncertainties.

Other analysts have also weighed in on Tapestry's stock performance. Bank of America, for instance, cut its rating from a "buy" to a "neutral" rating and raised its target price from $95.00 to $115.00. Goldman Sachs Group raised its price target from $84.00 to $93.00 and gave the stock a "buy" rating. Citigroup raised its target price from $81.00 to $94.00 and gave the company a "buy" rating. Wells Fargo & Company reiterated an "overweight" rating and issued a $100.00 price target.

Institutional investors have also shown interest in Tapestry's stock. Several large investors, including China Universal Asset Management Co. Ltd., Curat Global LLC, and Nisa Investment Advisors LLC, have recently increased their stakes in the luxury accessories retailer.

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 accessories, such as small leather goods, novelty accessories, and belts.

The stock's recent performance has been positive, with Tapestry trading up 0.5% during midday trading on Monday, hitting $108.99. The stock had a trading volume of 3,243,764 shares, compared to its average volume of 4,905,008. The company has a market cap of $22.64 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.26, and a beta of 1.51.

In conclusion, UBS Group AG's downward revision in its price target for Tapestry stock reflects a more cautious outlook on the luxury accessories retailer's future prospects. Despite the positive analyst sentiment and strong earnings report, UBS Group AG's decision may be influenced by various factors, including market conditions and broader economic uncertainties. Investors should closely monitor Tapestry's stock performance and the broader market conditions to make informed investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/ubs-group-forecasts-strong-price-appreciation-for-tapestry-nysetpr-stock-2025-08-04/
[2] https://www.marketbeat.com/instant-alerts/hasbro-nasdaqhas-given-new-8800-price-target-at-ubs-group-2025-08-13/