During the last three months, 10 analysts shared their evaluations of Tapestry TPR, revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 8 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 6 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $50.6, a high estimate of $60.00, and a low estimate of $44.00. This upward trend is apparent, with the current average reflecting a 15.0% increase from the previous average price target of $44.00.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive Tapestry is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $54.00 | $54.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $54.00 | $49.00 |
| Ashley Helgans | Jefferies | Announces | Hold | $50.00 | - |
| Brooke Roach | Goldman Sachs | Raises | Buy | $47.00 | $41.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $49.00 | - |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $49.00 | - |
| Michael Binetti | Evercore ISI Group | Raises | Outperform | $50.00 | $30.00 |
| Ike Boruchow | Wells Fargo | Raises | Overweight | $60.00 | $50.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $49.00 | - |
| Rick Patel | Raymond James | Raises | Outperform | $44.00 | $40.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Tapestry. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Tapestry compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Tapestry's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Tapestry's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Tapestry analyst ratings.
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 (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.
Breaking Down Tapestry's Financial Performance
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Tapestry's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 2.92%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.46%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Tapestry's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.7% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Tapestry's ROA excels beyond industry benchmarks, reaching 3.08%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 3.51, Tapestry faces challenges in effectively managing its debt levels, indicating potential financial strain.
How Are Analyst Ratings Determined?
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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