Goldman Sachs analyst Brooke Roach reiterated a Buy rating on Tapestry yesterday and set a price target of $116.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brooke Roach has given his Buy rating due to a combination of factors that highlight Tapestry’s strategic growth potential and robust financial plans. The company’s Amplify strategic growth agenda, which was unveiled during the Investor Day event, outlines ambitious targets including mid-single-digit revenue growth and over 22% operating margin by FY28, along with long-term double-digit EPS growth. Additionally, Tapestry plans to return $4 billion to shareholders through dividends and share repurchases, demonstrating a commitment to shareholder value.
Moreover, Tapestry’s strategy is built on three core pillars: building emotional connections with consumers, fueling fashion innovation, and delivering compelling global experiences. The focus on younger consumers, product excellence, and geographic expansion, particularly in Greater China and Europe, positions the company for sustained growth. The Coach brand’s momentum, premiumization of the outlet business, and management’s ability to mitigate tariffs further support a positive outlook. Despite potential macroeconomic challenges, Roach expresses confidence in Tapestry’s management to achieve these goals and create significant shareholder value through FY28.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $120.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TPR in relation to earlier this year.