Tapestry

TPR · NYSE

$117.55−$0.16 (−0.14%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $117.71

TPR analyst rating

BuyConsensus of 16 analysts over the last 12 months. 81% rate it a buy.

Strong buy0
Buy13
Hold3
Underperform0
Sell0

12-month price target · 23 analysts

Average $165.28 (+40.6% upside)

Low: $90.66
Now: $117.55
High: $243.60

Upgrades and downgrades

The latest rating actions, newest first

TPR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 20, 2026	Maintains	Buy	$232.00 → $200.00	50%
Raymond James	Oct 16, 2026	Maintains	Outperform	$165.00 → $140.00	59%
UBS	Aug 14, 2026	Maintains	Buy	$230.00 → $232.00	50%
Morgan Stanley	Aug 14, 2026	Maintains	Overweight	$164.00 → $159.00	56%
Bernstein	Aug 14, 2026	Maintains	Market Perform	$180.00 → $185.00	43%
Wells Fargo	Aug 14, 2026	Maintains	Overweight	$165.00 → $160.00	54%
Barclays	Aug 14, 2026	Maintains	Overweight	$182.00 → $185.00	55%
Evercore ISI Group	Aug 14, 2026	Maintains	Outperform	$175.00 → $160.00	55%
BTIG	Aug 14, 2026	Maintains	Buy	$180.00 → $175.00	55%
Telsey Advisory Group	Aug 6, 2026	Maintains	Outperform	$160.00 → $175.00	47%

The case for and against

Updated Oct 15, 2026

Bull case

Tapestry is supported by Coach’s exceptional momentum, with 4Q26 net sales of $1.877 billion up 9% y/y and operating margin expanding to 19.3%, reflecting strong AURs, new customer acquisition, and reduced promotional activity across North America, Greater China, and Europe. Coach remains the clear earnings engine, generating all of Tapestry’s operating profit and benefiting from durable pricing power, a high-margin direct-to-consumer mix, and roughly 70% of future growth expected from international markets. Although Kate Spade remains a drag, Coach’s broad-based strength, 2 million new customers, and margin leverage underpin confidence in sustained top-line growth, EPS expansion, and robust shareholder returns.

Bear case

Tapestry is exposed to an overdependence on Coach, which generated 86% of fiscal 2026 revenue and all operating profit, leaving the company vulnerable if that brand’s top-line momentum or margin profile slows. Although Coach added more than 2 million new customers in the quarter and nearly 9 million in FY26, the concentration in handbags at 58% of revenue and reliance on China strength make the business sensitive to shifts in consumer demand, tariffs, and competition. Kate Spade remains a drag as revenue declined 7% during the quarter, and if its multi-year turnaround and brand reset do not translate into profitable growth, management may waste capital and time on a lower-quality asset.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.