Tapestry IncTPR
▲ PositiveCapitalrelevance
Strong fiscal Q3 earnings beat and raised full-year guidance drove stock outperformance
Impact on stocks 2
Consumer Discretionary
Tapestry Inc
Capri Holdings LtdCPRI
Mentioned
Tapestry, Inc. shares have surged 16.8% year-to-date, outperforming the S&P 500 Index's 9.2% gain over the same period. The luxury lifestyle company, which owns Coach, Kate Spade, and Stuart Weitzman, has a market capitalization of $30.1 billion and is currently trading 7.9% below its 52-week high of $161.97 reached on February 26. Over the past 52 weeks, Tapestry's stock has rallied 76.9%, far exceeding the S&P 500's 24% return, driven by strong fiscal third-quarter 2026 results that saw revenue rise 21% year-over-year to $1.9 billion and non-GAAP earnings per share jump 62% to $1.66. The company raised its full-year fiscal 2026 guidance, now expecting revenue of $7.95 billion and earnings per share of $6.95. Analysts hold a consensus Strong Buy rating on the stock with a mean price target of $166.21, implying an 11.4% upside from current levels.
Tapestry IncStrong fiscal Q3 earnings beat and raised full-year guidance drove stock outperformance
Capri Holdings Ltd