In a remarkable display of resilience and growth, Coach , known in the stock market as TPR, has reached a 52-week high, with shares peaking at $74.26. According to InvestingPro data, the company maintains impressive gross profit margins of 74% and boasts a "GREAT" financial health score. This milestone underscores a period of robust performance for the luxury fashion company, which has seen an impressive 103.7% surge in its stock value over the past year. Investors and industry analysts alike are closely monitoring Coach's momentum, as the company continues to navigate the competitive retail landscape with strategic initiatives that have evidently resonated well with consumers and shareholders. While current technical indicators suggest the stock may be overbought, InvestingPro subscribers can access 16 additional expert tips and a comprehensive analysis report for deeper insights into TPR's valuation and growth potential.
In other recent news, Tapestry (NYSE:TPR) Inc. experienced notable developments, particularly in the realm of financial performance and analyst ratings. The company's first-quarter results exceeded expectations, leading to an increase in full-year revenue and earnings guidance. Tapestry aims for a full-year revenue growth of 1-2% and expects to expand its gross margin by over 50 basis points by fiscal 2025. CFRA analyst Zachary Warring downgraded Tapestry's stock rating from Hold to Sell, while simultaneously increasing the price target to $56. On the other hand, analysts from Barclays (LON:BARC), Jefferies, and BofA Securities upgraded Tapestry's stock and increased the price target, citing expected sales growth, expanding margins, and a share buyback program. 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 recent developments provide valuable insights for investors.
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