Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com - CFRA raised its price target on Tapestry Inc. (NYSE:TPR) to $96.00 from $93.00 on Thursday while maintaining a Hold rating on the luxury goods company. The stock has shown remarkable momentum, delivering a 75.31% return year-to-date according to InvestingPro data.
The price target increase comes despite Tapestry shares falling after the company’s fiscal fourth-quarter earnings report, where it posted normalized earnings per share of $1.04 versus $0.92 in the year-ago period, exceeding consensus estimates by $0.02.
Tapestry reported quarterly revenue of $1.72 billion compared to $1.59 billion a year earlier, surpassing analyst expectations by $44 million, but the company’s guidance for fiscal year 2026 disappointed investors who had higher expectations.
The luxury retailer guided for fiscal 2026 revenues approaching $7.2 billion and earnings per share between $5.30 and $5.45, below market expectations that had anticipated EPS above $6 per share.
CFRA noted that Tapestry’s price-to-earnings multiple has expanded significantly from under 10x to over 20x in less than a year, indicating that continued outperformance is already priced into the stock despite the company outperforming its peers.
In other recent news, Tapestry Inc. reported its fourth-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.04, higher than the anticipated $1.00. Additionally, Tapestry’s revenue for the quarter reached $1.72 billion, exceeding the forecasted $1.67 billion. Despite these strong financial results, the company experienced a notable pre-market stock decline. No new mergers or acquisitions were reported during this period. Analyst firms have not provided updates on any upgrades or downgrades for Tapestry. These developments mark the latest updates for Tapestry Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.