TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Tapestry Inc stock reached an all-time high of 113.22 USD, marking a significant milestone for the luxury fashion company. With a market capitalization of $23.5 billion and impressive gross profit margins of 75%, the company demonstrates strong fundamental performance. InvestingPro analysis suggests the stock may be trading above its Fair Value. This new peak comes amidst a remarkable 197.52% increase over the past year, underscoring the company’s strong performance in the market. The stock’s impressive growth trajectory reflects investor confidence and a positive market outlook, with eight analysts recently revising earnings estimates upward. Tapestry continues to expand its global footprint and enhance its brand portfolio, maintaining a healthy current ratio of 1.76 and generating robust free cash flow. This achievement highlights the company’s resilience and adaptability in a competitive industry landscape. Discover more insights and 18 additional ProTips for TPR on InvestingPro.
In other recent news, Tapestry Inc. has seen several notable developments concerning its stock price targets and brand performance. Evercore ISI has increased its price target for Tapestry to $130 from $97, maintaining an Outperform rating. This adjustment reflects Evercore’s optimistic view on Tapestry’s fiscal fourth-quarter performance and the initial guidance for fiscal year 2026. UBS also raised its price target to $112 from $73, citing strong performance of Tapestry’s Coach brand during the fourth quarter and early first quarter. UBS anticipates solid guidance for the upcoming fiscal periods.
Raymond James has adjusted its price target to $115 from $85, with an Outperform rating, highlighting Tapestry’s growth potential through innovation and strategic marketing. Bernstein SocGen Group reiterated its Outperform rating and maintained a $100 price target, emphasizing the sustained momentum of the Coach brand. Bernstein’s analysis points to Coach’s success in attracting younger consumers, suggesting long-term brand strength. These developments indicate a positive outlook from various analyst firms on Tapestry’s market position and future prospects.
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