Tapestry's stock is rated Buy following a sharp sell-off after its earnings report, driven by strong performance from Coach, which is fueling high-margin growth and international expansion. Coach's pricing power, success in attracting Gen Z customers, and operational efficiency support expectations of double-digit earnings growth and strong free cash flow by fiscal year 2027. Growth in international markets like Greater China and Europe is expected to offset slower growth in North America, helping Tapestry meet consolidated revenue targets. The company's valuation is attractive at 16.4 times earnings, supported by $1.35 billion in share buybacks and a higher dividend, projecting a total return above 20% without needing a turnaround from Kate Spade.
Tapestry's stock fell 16% after its FY26 results, which matched the company's own forecasts including softer revenue growth and profit margins in Q4. Despite the drop, the decline is seen as an overreaction since the company maintained its FY27 outlo...
UBS raised its price target for Tapestry to $232, suggesting an 80.7% upside from its current price of $128.39. The upgrade follows Tapestry's strong fiscal 2026 results, including $8 billion in revenue and $7.05 EPS, driven by Coach's 14% growth and...
Tapestry, owner of Coach and Kate Spade, beat Q4 revenue and earnings expectations but saw its stock fall 16.5% due to cautious FY2027 guidance. Revenue rose 8.9% to $1.88 billion and EPS beat estimates at $1.32, with margin expansion. However, the g...
Wells Fargo kept an Overweight rating on Tapestry but cut its price target to $160 from $165, reflecting concerns about slower future growth. Although Tapestry reported strong Q4 revenue of $1.88 billion, its stock dropped 15.1% due to a soft outlook...
US stock futures showed little movement as investors awaited the Producer Price Index release, which follows a cooling consumer inflation report for July. The softer inflation data has reduced expectations for a September rate hike, though Federal Re...
