Barclays resumed coverage of Tapestry with a rating of Equal Weight and set a new price target of $57.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $57.00 → $87.00 | Equal Weight → Overweight | Barclays |
| 12/19/2024 | $50.00 → $80.00 | Hold → Buy | Jefferies |
| 11/20/2024 | $57.00 | Equal Weight | Barclays |
| 11/15/2024 | $58.00 → $67.00 | Outperform | Telsey Advisory Group |
| 10/29/2024 | $52.00 | Buy → Hold | TD Cowen |
| 3/6/2024 | $49.00 → $54.00 | Outperform | Telsey Advisory Group |
| 2/29/2024 | $50.00 | Buy → Hold | Jefferies |
| 2/5/2024 | $30.00 → $50.00 | In-line → Outperform | Evercore ISI |
Barclays upgraded Tapestry from Equal Weight to Overweight and set a new price target of $87.00 from $57.00 previously
Jefferies upgraded Tapestry from Hold to Buy and set a new price target of $80.00 from $50.00 previously
Barclays resumed coverage of Tapestry with a rating of Equal Weight and set a new price target of $57.00
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it entered into Accelerated Share Repurchase ("ASR") agreements with Bank of America N.A. and Morgan Stanley & Co. LLC (the "Dealers") to repurchase $2.0 billion shares of Tapestry common stock. The ASRs will be completed under the Company's recently expanded $2.8 billion share repurchase authorization. With the ASRs, the Company expects to return over 100 percent of its free cash flow in Fiscal 2025 to shareholders through dividends and share repurchases. Under the ASR agreements, Tapestry will pay $2.0 billion to the Dealers and expects
Reaffirms Commitment to Driving Accelerated Organic Growth and Shareholder Value Announces Additional $2 Billion Share Repurchase Authorization, Including a Planned Accelerated Share Repurchase Program Executes Plans to Redeem Acquisition-Related Debt Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate the merger agreement between the parties. Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal proces
Delivered Revenue and Earnings Ahead of the Company's Outlook led by Growth at Coach Achieved Diluted EPS of $0.79 and Record non-GAAP Diluted EPS of $1.02 Fueled 280 Basis Points of Gross Margin Expansion and Strong Operating and Free Cash Flow Link to Download Tapestry's Q1 Earnings Presentation, Including Brand Highlights Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today reported results for the fiscal first quarter ended September 28, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107011142/en/(Photo: Business Wire) Joan
8-K - TAPESTRY, INC. (0001116132) (Filer)
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8-K - TAPESTRY, INC. (0001116132) (Filer)
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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Coach, the "Original American House of Leather," and Gen Phoenix, a global leading sustainable manufacturer of recycled leather fiber material at scale, are taking the stage together at CES 2025 to share how their transformative partnership is changing the standard for sustainability in fashion – and unveil what's next in their industry-leading journey. Coach CEO and Brand President, Todd Kahn, and Gen Phoenix CMO and General Manager of Consumer, Elyse Winer, invite CES attendees to join them on Thursday, January 9th at 3:00PM PST for th
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced the appointment of Eva Erdmann as CEO & Brand President of Kate Spade. Ms. Erdmann will join the brand in October, succeeding Liz Fraser, who is leaving the Company in September. Upon her arrival, Ms. Erdmann will report directly to Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., and will become a member of the Company's Executive Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801428807/en/Eva Erdmann (Photo: Business Wire) Ms. Erdmann has a proven track
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that Kevin Hourican, President and Chief Executive Officer of Sysco Corporation (NYSE:SYY), and David Elkins, Executive Vice President and Chief Financial Officer of Bristol Myers Squibb (NYSE:BMY), have been appointed to the Company's Board of Directors. The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229220934/en/Kevin Hourican (Photo: Business Wire) J
LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Coach, the "Original American House of Leather," and Gen Phoenix, a global leading sustainable manufacturer of recycled leather fiber material at scale, are taking the stage together at CES 2025 to share how their transformative partnership is changing the standard for sustainability in fashion – and unveil what's next in their industry-leading journey. Coach CEO and Brand President, Todd Kahn, and Gen Phoenix CMO and General Manager of Consumer, Elyse Winer, invite CES attendees to join them on Thursday, January 9th at 3:00PM PST for th
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today released its Fiscal Year 2024 (FY2024) Corporate Responsibility (CR) report. The report details the company's progress and achievements in sustainability, social impact and community building over the past year. The company's framework, The Fabric of Change, encapsulates its vision for a better-made future. "We believe investing in our communities, people and sustainability initiatives drives innovation and long-term success and resilience for Tapestry and our portfolio of brands," said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. "I am
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of the offering of its $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and its $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facility, which were used to fund the share repurchases under the Company's accelerated share repurchase agreements, and for general cor
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