Telsey Advisory analyst Dana Telsey maintains $Tapestry (TPR.US)$ with a buy rating, and maintains the target price at $58.
According to TipRanks data, the analyst has a success rate of 38.6% and a total average return of -1.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tapestry (TPR.US)$'s main analysts recently are as follows:
Tapestry has been highlighted as a value selection subsequent to their decision to conclude the merger discussions with Capri Holdings. Prior to embarking on any future acquisitions, the company is focused on maintaining the robustness of the Coach brand and securing consistent sales growth for Kate Spade. The stock is currently perceived as being undervalued.
The decision by Tapestry to call off the proposed merger with Capri is regarded as judicious, allowing both companies to concentrate their efforts and resources on their individual portfolios. With the merger consideration now concluded, there remains a potential for value creation within Tapestry's existing portfolio.
Tapestry's previously announced agreement with Capri Holdings has been officially called off, and the company is proceeding to redeem the related debt. Additionally, Tapestry has revealed plans for a $2 billion share repurchase program, which is anticipated to contribute a minimum of $0.75 to earnings per share. There is an expectation of earnings per share reaching approximately $6.00 by FY26, indicating potential for significant valuation growth.
Note:
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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.
