In a remarkable display of resilience and growth, Coach , a leading design house of modern luxury accessories and lifestyle collections, has seen its stock (TPR) reach a 52-week high of $65.53 USD. With a market capitalization of $15.2 billion and an impressive gross profit margin of 73.9%, the company has demonstrated strong financial health, earning a "GREAT" rating from InvestingPro’s comprehensive analysis. This milestone underscores a period of significant gains for the company, which has experienced a substantial 1-year change of 74.55%. Trading at a P/E ratio of 18.5, InvestingPro analysis suggests the stock is currently slightly overvalued relative to its Fair Value. Investors and market analysts attribute this impressive performance to Coach’s strategic initiatives, which have effectively capitalized on the rebounding demand for luxury goods as global markets continue to recover. The company’s focus on digital expansion and direct-to-consumer channels, along with a strong product lineup, has played a crucial role in driving sales and bolstering investor confidence. For deeper insights, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers this and 1,400+ other top US stocks.
In other recent news, Tapestry (NYSE:TPR) Inc. has been the focus of several important updates. Jefferies has upgraded Tapestry’s stock from Hold to Buy and raised the price target to $80, following the completion of a deal with Capri Holdings (NYSE:CPRI) Limited. The firm also named Tapestry a top pick for 2025, citing expected improvements in sales growth, expanding margins, and a share buyback program.
Additionally, BofA Securities reaffirmed a Buy rating on Tapestry and increased the price target from $65.00 to $75.00 after the completion of a $2 billion accelerated share repurchase agreement. Meanwhile, Bernstein anticipates that large global brands like Tapestry will be minimally impacted by a potential 10% increase in import tariffs on China due to their diversified supply chains and international market presence.
In terms of earnings and revenue, Tapestry’s first-quarter results exceeded expectations, leading to an increase in full-year revenue and earnings guidance. The company reported a 27% increase in total revenue in Europe and a 5% decrease in Greater China. Despite these mixed results, Tapestry aims for a full-year revenue growth of 1-2% and expects to expand its gross margin by over 50 basis points by fiscal 2025.
Furthermore, S&P Global Ratings revised Tapestry’s financial outlook from negative to stable, following the termination of a merger agreement with Capri Holdings Ltd. due to regulatory uncertainties. These are all recent developments that provide valuable insights for investors.
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