BMO Capital analyst Simeon Siegel maintains $Tapestry (TPR.US)$ with a hold rating, and adjusts the target price from $44 to $60.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 5.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tapestry (TPR.US)$'s main analysts recently are as follows:
Following discussions with the management of Tapestry, there's palpable confidence and excitement regarding the company's trajectory. The focus areas noted were its strategies and priorities, engaging effectively with new and existing customers, sustaining the strength and margins of Coach, and enhancing the performance of KSNY. There is growing investor interest in Tapestry shares, bolstered by strong Q2 results, the removal of deal-related uncertainties, and ongoing buybacks.
The decision to terminate the planned merger between Tapestry and another company was deemed prudent, focusing instead on prioritizing resource allocation and attention to each company's respective portfolio. With the closure of this merger phase, there remains a potential for value creation within Tapestry's existing portfolio.
Tapestry has concluded its transaction with Capri Holdings, proceeding with the redemption of associated deal debt and revealing a $2B buyback plan, potentially increasing EPS by approximately 75 cents. Analysts project FY26 EPS to be around $6.00, believing it presents substantial valuation potential with an optimistic near-term scenario.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
