A notable institutional move has positioned Tapestry for increased investor attention. Transcend Capital Advisors LLC established a new stake in the luxury goods conglomerate during the second quarter, acquiring 2,527 shares valued at approximately $222,000. This strategic investment precedes the company’s imminent quarterly earnings release scheduled for next week.
Upcoming Quarterly Report Fuels Optimism
Market anticipation is building for Tapestry’s first-quarter fiscal 2026 results, set for publication on Thursday. Financial analysts at Zacks Investment Research project earnings per share will reach $1.25, representing a substantial 22.6 percent year-over-year increase. Revenue expectations are equally promising, with forecasts pointing to $1.64 billion—an 8.7 percent growth compared to the same period last year. Notably, the consensus EPS estimate was recently revised upward from $1.21 to $1.25 over the past month, indicating strengthening confidence among market researchers.
Should investors sell immediately? Or is it worth buying Tapestry?
Wall Street Analysts Express Strong Confidence
The investment community appears overwhelmingly bullish on Tapestry’s prospects. Goldman Sachs maintains a “Buy” recommendation with a $130 price target, while Barclays raised its target to $127 with an “Overweight” rating. Raymond James Financial echoes this positive sentiment with a matching $130 price objective and an “Outperform” assessment. UBS presents a more cautious stance with a $105 target and “Neutral” rating. Overall, eighteen analysts recommend buying the stock, with five maintaining “Hold” positions.
Strategic Initiatives and Shareholder Returns Provide Additional Momentum
Beyond immediate earnings expectations, Tapestry continues to demonstrate commitment to shareholder value through a recent dividend increase. The company raised its quarterly dividend from $0.35 to $0.40 per share. This enhanced distribution complements the recently unveiled “Amplify” growth strategy, presented in September, which outlines ambitious targets including mid-single-digit revenue growth and an operating margin exceeding 22 percent by fiscal 2027/2028. The upcoming quarterly report will offer crucial insight into whether Tapestry remains on track to achieve these strategic objectives.
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