Baird Cuts Tapestry (TPR) Price Target to $150

By TradeTexts Research Desk Oct 27, 2026, 8:18 AM EDT

Key Points

Baird adjusted its price target for Tapestry, Inc. to $150, down from $165, while keeping an Outperform rating on the stock.
Baird's $150 price target implies 35.26% upside from Tapestry, Inc.'s ($TPR) current $110.90 share price.
As of October 27, 2026, Tapestry was recently trading around $110.90, about equal to its closing price of $110.90 on October 26, 2026.
The average price target from analysts stands at $162.32, indicating that the stock is currently trading below this consensus.

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On October 27, 2026, Baird lowered its price target on Tapestry, Inc. (TPR) to $150 from $165, while maintaining an Outperform rating. This move reflects Baird's view of the company's prospects amidst current market conditions.

Baird's new target is now significantly lower, as it has adjusted its expectations for Tapestry. The stock has been facing challenges, trading at $110.90 recently, which is about equal to its event close price of $110.90 on October 26, 2026.

TPR Tapestry, Inc.

$110.90 -13.27% year to date

Daily close · Oct 26, 2026

Analyst rating track record

Baird vs. the S&P 500

YTD return -1.53% hypothetical

All-time return -1.53% S&P 500 +1.22%

vs. S&P 500 -2.75% behind the index

Hypothetical returns from Baird's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Tapestry, Inc.

Schroder Investment Management Group grew its holdings by 343,030 shares, ending with 7,415,814 shares worth about $822.4 million. Meanwhile, Srs Investment Management, LLC reduced its stake by 989,201 shares, leaving it with 4,062,897 shares valued at $450.6 million. AQR Capital Management, LLC added 126,987 shares, bringing its total to 3,872,908 shares valued at approximately $429.5 million.

Tapestry, Inc. Stock Up 0.5%

Tapestry's stock is currently trading around $110.90, which is below its 50-day moving average of $119.03 by about 6.8% and below its 200-day moving average of $137.59 by about 19.4%. The stock is also 32.7% below its 52-week high of $164.80, but it remains 19.2% above its 52-week low of $93.00.

12-month forecast

$TPR price target

Tapestry, Inc. daily closes and this analyst's $150 target. Not advice.

Recent Earnings

In its most recent earnings report, Tapestry reported trailing twelve-month revenue of approximately $8 billion, reflecting a year-over-year revenue growth of 8.9%. The company achieved an EPS of $7.27 and a net margin of 19.1%. The next earnings report is scheduled for November 5, 2026.

Dividend

Tapestry, Inc. has a dividend rate of $1.85 per share, yielding approximately 1.67%. The dividend payout ratio stands at 22.0%.

Insider Buying and Selling at Tapestry, Inc.

Recent insider transactions show that CEO Joanne C. Crevoiserat sold 27,776 shares on May 13, 2026, valued at about $3.69 million. Officer Todd Leonard Kahn sold 19,557 shares on May 26, 2026, at an average price of $140.02, totaling about $2.74 million. Additionally, Crevoiserat sold another 27,761 shares on August 19, 2026, for about $3.68 million, and Officer Denise Kulikowsky sold 5,810 shares on September 9, 2026, valued at approximately $670,329.

Analysts Set New Price Targets

On October 27, 2026, Baird maintained its Outperform rating on Tapestry, Inc. with a new target of $150, down from $165. Other analysts have set targets around this range, with UBS maintaining a Buy rating and a target of $232, while Morgan Stanley holds an Overweight rating with a target of $159.

About Tapestry, Inc.

Tapestry, Inc. is a New York-based company that offers luxury accessories and lifestyle products through its brands, Coach and Kate Spade. The company operates in various markets, including North America and Greater China. This price target adjustment by Baird may influence investor sentiment in the near term.

Bottom Line

Investors should watch for Tapestry's upcoming earnings report on November 5, 2026, for further insights into its performance. Baird's adjustment to Tapestry's price target reflects broader market trends and could signal changing expectations among analysts.