TPR Should I Buy
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Tapestry Inc (TPR) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, positive analyst sentiment, and stable trading trends make it a solid choice for long-term growth. While technical indicators are neutral, the company's growth trajectory and analyst confidence outweigh short-term technical concerns.
The MACD is negative and expanding (-0.602), RSI is neutral at 40.139, and moving averages are converging, indicating no clear trend. The stock is trading near support levels (S1: 138.485) with resistance at 143.168. Overall, technical indicators suggest a neutral to slightly bearish short-term outlook.
Strong financial performance in Q2 2026 with revenue up 13.98% YoY, net income up 80.83% YoY, and EPS up 94.20% YoY.
Analysts have consistently raised price targets, with the most recent targets ranging from $141 to $190, reflecting confidence in the company's growth.
Positive sentiment around Coach's growth and sustainability in the market.
Neutral trading trends among hedge funds and insiders, indicating no significant buying momentum.
Technical indicators are neutral to slightly bearish, with no clear upward momentum in the short term.
In Q2 2026, Tapestry reported impressive financial growth: Revenue increased by 13.98% YoY to $2.5 billion, net income surged by 80.83% YoY to $561.3 million, and EPS rose by 94.20% YoY to 2.68. Gross margin also improved to 75.46%, up 1.44% YoY.
Analysts are overwhelmingly positive on Tapestry. Recent upgrades include Evercore ISI raising the price target to $180, JPMorgan to $190, and TD Cowen to $175. Analysts highlight strong sales growth, improved margins, and Coach's sustainable market growth as key drivers.
