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. Despite the recent price drop and neutral technical indicators, the company's strong financial performance, positive analyst sentiment, and growth potential make it a solid choice for long-term investment.
The MACD is negatively expanding (-1.783), RSI is at 28.47 (neutral zone), and moving averages are converging, indicating no clear trend. The stock is currently trading below its key pivot point of 153.192, with support at 141.716 and resistance at 146.099.
Strong financial performance in Q2 2026 with revenue up 13.98% YoY, net income up 80.83% YoY, and EPS up 94.20% YoY. Positive analyst sentiment with multiple price target increases and 'Buy' or 'Outperform' ratings. Growth at Coach brand and improved margin delivery highlighted by analysts.
Current market price is down 3.56% in regular trading and 1.47% in pre-market. MACD and RSI indicate no immediate upward momentum. Broader market sentiment is negative, with S&P 500 down 1.3%.
In Q2 2026, Tapestry reported revenue of $2.502 billion (up 13.98% YoY), net income of $561.3 million (up 80.83% YoY), EPS of 2.68 (up 94.20% YoY), and gross margin of 75.46% (up 1.44% YoY).
Analysts are overwhelmingly positive, with multiple price target increases ranging from $141 to $190 and ratings such as 'Buy,' 'Outperform,' and 'Overweight.' Analysts highlight strong sales growth, sustainable growth at Coach, and improved margins.
