Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Strong earnings-driven setup: Q3 beat expectations, pro forma revenue rose 23% constant currency, operating margin expanded 490 bps, EPS grew 62%, and FY2026 guidance was raised to about $6.95 EPS and $7.95B revenue. Coach momentum remains a key positive driver.
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AI Analyst Overview
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Valuation Metrics
Price Behavior
Key Price Behavior Insights: ⢠Support defense ⢠Mid-140s cap ⢠Volatility swings Support Level: $135-$140 Resistance Level: $145-$146, then $150.53 Over the last month, TPR has been range-bound and mildly constructive after defending the $135-$140 support zone, but it still needs to reclaim and hold the mid-$140s to overcome resistance near $145-$146 and $150.53.
Sentiment & News
Key News Insights: ⢠Growth support ⢠Value appeal ⢠Creative hire Tapestry has drawn sustained positive attention across growth, value, and balance-sheet screens, while Kate Spade added a new creative leader with no major negative news.
AI Summary
TPR has shifted from a turnaround bet to a quality compounder driven by Coach's strong growth, margin expansion, and cash generation, but with kate spade still shrinking and the stock already priced for success, upside now depends on sustained execution more than continued improvement.
Description
Tapestry, Inc. is a New Yorkâbased luxury accessories and lifestyle company that sells products under the Coach, Kate Spade and Stuart Weitzman brands. The business generates revenue through owned retail (over 1,400 stores across the three brands), e-commerce, wholesale accounts, shop-in-shops and licensed partnerships, offering a range of leather goods, footwear, apparel and lifestyle items across the U.S., Greater China, Japan and other markets. Founded in 1941 and renamed from Coach, Inc. in 2017, the company combines brand-led retail operations with thirdâparty distribution and licensing.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Jul 27 | Aug 3 | TPR | Tapestry, Inc. | Strong earnings-driven setup: Q3 beat expectations, pro forma revenue rose 23% constant currency, operating margin expanded 490 bps, EPS grew 62%, and FY2026 guidance was raised to about $6.95 EPS and $7.95B revenue. Coach momentum remains a key positive driver. | Active | +0.0% |