IonQ partners with Emergence Quantum to expand APAC presence
Tapestry (NYSE:TPR) Inc stock has reached an all-time high, hitting 90.89 USD, marking a significant milestone for the company. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, with particularly strong price momentum metrics. This achievement reflects a remarkable 129.89% total return over the past year, showcasing the company’s strong performance and investor confidence. The luxury fashion house, known for its brands such as Coach and Kate Spade, has been experiencing robust growth, with impressive gross profit margins of 75.09% and a healthy current ratio of 1.76. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value. This all-time high underscores Tapestry’s successful navigation of market challenges and its ability to capitalize on consumer demand, positioning it as a standout performer in the industry. The company has maintained dividend payments for 17 consecutive years, demonstrating consistent shareholder returns. For deeper insights into Tapestry’s performance metrics and future outlook, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Tapestry Inc. reported financial results that exceeded expectations in both revenue and earnings. This positive performance was primarily driven by the strong brand presence of Coach, which has shown notable sales momentum. BMO Capital Markets raised its price target for Tapestry to $80, maintaining a Market Perform rating, while Citi increased its price target to $94, keeping a Buy rating. Citi’s analyst highlighted the Coach brand’s significant contribution to Tapestry’s sales and free cash flow generation capabilities. Additionally, Raymond (NSE:RYMD) James adjusted its price target for Tapestry to $85, maintaining an Outperform rating, and Morgan Stanley (NYSE:MS) upgraded the stock rating to Overweight, raising the price target to $90. Morgan Stanley noted potential positive revisions in near-term earnings per share for Tapestry. Analysts have expressed optimism about Tapestry’s ability to maintain brand momentum and handle market challenges effectively. These developments reflect a positive outlook on Tapestry’s financial health and brand strength.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.