On Oct 26, major Wall Street analysts update their ratings for $Tapestry (TPR.US)$, with price targets ranging from $63 to $66.
J.P. Morgan analyst Matthew Boss maintains with a buy rating, and adjusts the target price from $51 to $66.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating.
Wells Fargo analyst Ike Boruchow maintains with a buy rating, and maintains the target price at $65.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $47 to $63.
Furthermore, according to the comprehensive report, the opinions of $Tapestry (TPR.US)$'s main analysts recently are as follows:
The impediment of the Capri Holdings acquisition is seen as beneficial for Tapestry, allowing the company to concentrate on its reliable, high-margin, and strong cash flow generating operations instead of attempting to revitalize a floundering brand. The company is now positioned to reduce the debt incurred for the transaction and revert to a strategy focused on overall shareholder returns, characterized by a consistent and increasing dividend combined with substantial share repurchases.
The unsuccessful acquisition attempt of Capri Holdings has streamlined the narrative for Tapestry, offering a 'cleaner' outlook. Despite intentions to appeal the decision, it's possible that the management is quietly relieved. This development redirects attention to Tapestry's robust capacity to generate free cash flow, and it's anticipated that the company will recommence share repurchases in fiscal 2025.
Following a court ruling that supports the FTC in preliminarily blocking the acquisition of Capri Holdings by Tapestry, expectations have shifted, indicating that the stock may respond as if the deal will not proceed. Despite the ongoing appeal process, attention is turning back to company fundamentals. It is anticipated that both Coach and Kate Spade delivered strong performances in the first fiscal quarter, with results due on November 7. Notably, despite the challenges faced by luxury brands in China, Coach's performance in the region may provide a positive surprise for the quarter.
Here are the latest investment ratings and price targets for $Tapestry (TPR.US)$ from 4 analysts:
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美东时间10月26日，多家华尔街大行更新了$Tapestry (TPR.US)$的评级，目标价介于63美元至66美元。
摩根大通分析师Matthew Boss维持买入评级，并将目标价从51美元上调至66美元。
美银证券分析师Lorraine Hutchinson维持买入评级。
富国集团分析师Ike Boruchow维持买入评级，维持目标价65美元。
Evercore分析师Michael Binetti维持买入评级，并将目标价从47美元上调至63美元。
此外，综合报道，$Tapestry (TPR.US)$近期主要分析师观点如下：
卡普里控股收购的障碍被视为有益于tapestry，使公司能够专注于可靠、高毛利和强现金流产生业务，而不是试图振兴一个步履蹒跚的品牌。公司现在定位于减少因交易而产生的债务，并回归到一个以整体股东回报为重点的策略，以稳定且增长的股息结合大量回购股份为特征。
未能成功收购卡普里控股已简化了tapestry的叙述，提供了更"清晰"的展望。尽管有意提出上诉，但管理层可能在悄悄松了口气。这一发展将注意力转向tapestry强大的自由现金流产能，预计公司将于2025财年恢复回购股份。
在法院裁决支持FTC初步阻止tapestry收购卡普里控股之后，预期已经发生变化，表明股票可能会做出反应，就好像交易不会进行一样。尽管上诉程序仍在进行中，但注意力正在回到公司的基本面上。预计Coach和Kate Spade在第一个财季取得了良好表现，结果将于11月7日公布。值得注意的是，尽管奢侈品牌在中国面临挑战，但Coach在该地区的表现可能为这一季度带来积极的惊喜。
以下为今日4位分析师对$Tapestry (TPR.US)$的最新投资评级及目标价：
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