In a remarkable display of resilience and growth, Coach , a leading design house of modern luxury accessories and lifestyle collections, has seen its stock (TPR) reach a 52-week high of $69.12 USD. This milestone underscores a period of significant momentum for the company, which has delivered an exceptional 91.77% return over the past year. According to InvestingPro, the company maintains impressive gross profit margins of 73.91% and boasts a "GREAT" financial health rating. Investors and market analysts attribute this surge to strategic brand revitalization efforts and a strong consumer response to Coach's product lines, signaling a robust recovery and a positive outlook for the luxury goods market. Based on InvestingPro's Fair Value analysis, the stock appears to be trading near its fair value, with 13 additional ProTips available to help investors make informed decisions about this luxury retailer.
In other recent news, Tapestry (NYSE:TPR) Inc. has been the subject of multiple analyst assessments. CFRA analyst Zachary Warring downgraded Tapestry's stock rating from Hold to Sell, but raised the price target to $56. This decision reflects his belief that Tapestry's stock is now overvalued and anticipates a period of underperformance ahead. However, analysts from Jefferies and Barclays (LON:BARC) upgraded Tapestry's stock and increased the price target, citing expected sales growth, expanding margins, and a share buyback program. BofA Securities also reaffirmed a Buy rating on Tapestry, raising the price target following the completion of a $2 billion accelerated share repurchase agreement.
Tapestry's recent first-quarter results exceeded expectations, leading to an increase in full-year revenue and earnings guidance. The company reported a 27% increase in total revenue in Europe and a 5% decrease in Greater China, aiming for a full-year revenue growth of 1-2% and expecting to expand its gross margin by over 50 basis points by fiscal 2025.
The company's financial outlook was revised from negative to stable by S&P Global Ratings, following the termination of a merger agreement with Capri Holdings (NYSE:CPRI) Ltd. due to regulatory uncertainties. Bernstein, a prominent financial research firm, expects large global brands like Tapestry to have a minimal impact from a potential 10% increase in import tariffs on China, thanks to their diversified supply chains and international market presence. These are recent developments in the company's journey.
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