New York-based Tapestry, Inc. (TPR) provides accessories and lifestyle brand products in North America and internationally. The company has a market cap of $22.4 billion and operates through the Coach, Kate Spade, and Stuart Weitzman segments, and offers handbags, fashion designs, business cases, computer bags, accessories such as small leather goods, as well as novelty accessories, including address books, and more.
Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” TPR fits perfectly into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the luxury goods industry.
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TPR stock reached its 52-week high of $164.80 on Aug. 10 and has slipped 32% from that peak. The stock has fallen 25.1% over the past three months, lagging behind the Nasdaq Composite ($NASX), which grew 6.2% over the same period.
www.barchart.comOver the longer term, however, the scenario remains the same. TPR is down 1.2% over the past 52 weeks, while NASX is up 20.4% over the same period, outperforming the stock.
TPR has been trading below its 200-day and 50-day moving averages since August, indicating bearish momentum.
www.barchart.comOn Aug. 13, TPR stock plunged 16.5% following the release of its Q4 2026 earnings. The company’s revenue for the period rose 8.9% from the previous year’s quarter to $1.9 billion and met the consensus estimates. Moreover, its adjusted EPS came in at $1.32, beating the Street’s forecasts. However, the company issued a disappointing fiscal 2027 revenue forecast, which came in at $8.45 billion at the midpoint, below the analyst estimates of $8.47. This outlook miss prompted investors to look past its earnings beat, triggering a massive selloff.
When stacked against its peer in the luxury goods industry, Signet Jewelers Limited (SIG) shares have grown 3.9% over the past 52 weeks, also outperforming TPR.
Despite its underperformance, Wall Street’s view of TPR stock is highly bullish. Among the 22 analysts covering the stock, the overall consensus rating is “Strong Buy.” Its mean price target of $166.05 offers a 48.1% upside potential.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.