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Tapestry Inc. Soars on Strong Q3 Performance and Upgraded Outlook

Tapestry Inc. displays remarkable growth momentum with shares rising 93.2% over the past 52 weeks. After a better-than-expected Q3 report, the company has raised EPS guidance, attracting bullish sentiment from analysts.

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AI Rating:   8
Earnings Per Share (EPS)
Tapestry's adjusted EPS reached $1.03, showing a robust year-on-year growth of 27.2% and surpassing analyst estimates by 15.7%. This considerably reflects the company's strengthening profitability and is likely to enhance investor confidence moving forward.
Revenue Growth
The company reported quarterly revenue of $1.6 billion, up 6.9% year-over-year and above the Street's expectation of $1.5 billion. For fiscal 2025, Tapestry forecasts revenue around $6.95 billion, indicating a projected growth of 4% year-over-year, which aligns with market expectations.
Analyst Sentiment
The consensus rating of 'Strong Buy' among 21 analysts signifies growing confidence in Tapestry's performance. With numerous upgrades in target prices, especially from Citigroup, confidence levels among financial experts have increased significantly compared to the previous months, reflecting a more bullish outlook.
Future Metrics and Market Sentiment
Analysts expect Tapestry's adjusted EPS for FY 2025 to increase nearly 18% year-over-year to $5.06. Additionally, the company's solid earnings surprise history, having beaten expectations in each of the last four quarters, adds to the stock's attractiveness. The price targets set by analysts suggest potential upside from current levels, further motivating investor interest.