In the preceding three months, 19 analysts have released ratings for Tapestry TPR, presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 10 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 5 | 9 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Tapestry and provided 12-month price targets. The average target is $62.95, accompanied by a high estimate of $80.00 and a low estimate of $52.00. This current average has increased by 15.63% from the previous average price target of $54.44.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Tapestry among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ashley Helgans | Jefferies | Raises | Buy | $80.00 | $50.00 |
| Matthew Boss | JP Morgan | Raises | Overweight | $75.00 | $66.00 |
| Adrienne Yih | Barclays | Announces | Equal-Weight | $57.00 | - |
| Simeon Siegel | BMO Capital | Raises | Market Perform | $60.00 | $55.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $67.00 | $58.00 |
| Ike Boruchow | Wells Fargo | Raises | Overweight | $75.00 | $65.00 |
| Robert Drbul | Guggenheim | Raises | Buy | $70.00 | $60.00 |
| Brooke Roach | Goldman Sachs | Raises | Buy | $66.00 | $58.00 |
| Mark Altschwager | Baird | Raises | Outperform | $64.00 | $58.00 |
| Rick Patel | Raymond James | Raises | Outperform | $57.00 | $55.00 |
| Mark Altschwager | Baird | Raises | Outperform | $58.00 | $53.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $54.00 | $54.00 |
| Oliver Chen | TD Cowen | Maintains | Hold | $52.00 | $52.00 |
| Paul Lejuez | Citigroup | Raises | Buy | $55.00 | $49.00 |
| Michael Binetti | Evercore ISI Group | Raises | Outperform | $63.00 | $47.00 |
| Lorraine Hutchinson | B of A Securities | Raises | Buy | $60.00 | $52.00 |
| Matthew Boss | JP Morgan | Raises | Overweight | $66.00 | $51.00 |
| Ike Boruchow | Wells Fargo | Raises | Overweight | $65.00 | $50.00 |
| Brooke Roach | Goldman Sachs | Raises | Buy | $52.00 | $47.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tapestry. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tapestry compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Tapestry's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Tapestry's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Tapestry analyst ratings.
All You Need to Know About Tapestry
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear.
Understanding the Numbers: Tapestry's Finances
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Decline in Revenue: Over the 3 months period, Tapestry faced challenges, resulting in a decline of approximately -0.38% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Tapestry's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.38% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Tapestry's ROE excels beyond industry benchmarks, reaching 6.35%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Tapestry's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.38%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Tapestry's debt-to-equity ratio surpasses industry norms, standing at 2.95. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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