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Valued at $22.7 billion by market cap, New York-based Tapestry, Inc. (TPR) provides luxury accessories and branded lifestyle products in North America, Asia, and internationally. The company operates through Coach, Kate Spade, and Stuart Weitzman segments and offers various high-end products for men and women.
Tapestry is set to announce its fourth-quarter results before the markets open on Thursday, Aug. 14. Ahead of the event, analysts expect TRP’s profits to come in at $1 per share, up 8.7% from $0.92 per share reported in the year-ago quarter. Furthermore, the company has surpassed the Street’s bottom-line projections in each of the past four quarters.
For the full fiscal 2025, analysts expect Tapestry to report an EPS of $5.06, up nearly 18% from $4.29 reported in fiscal 2024. In fiscal 2026, its earnings are expected to further grow 7.5% year-over-year to $5.44 per share.
TPR stock prices have soared 172.2% over the past 52 weeks, significantly outperforming the S&P 500 Index’s ($SPX) 17.3% surge and the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 22.9% returns during the same time frame.
Tapestry’s stock prices gained 3.7% following the release of its impressive Q3 results on May 8. While Kate Spade and Stuart Weitzman’s sales faced pressure during the quarter, Coach’s sales increased 13% year-over-year to $1.3 billion. Moreover, except for Japan, the company’s sales experienced a notable boost across its major markets. This led to a 6.9% year-over-year growth in net sales to $1.6 billion. Furthermore, its non-GAAP EPS for the quarter surged 27.2% year-over-year to $1.03, beating analysts’ projections by 15.7%.
Analysts remain extremely optimistic about the stock’s prospects; TPR holds a consensus “Strong Buy” rating overall. Of the 20 analysts covering the stock, opinions include 14 “Strong Buys,” two “Moderate Buys,” and four “Holds.” As of writing, the stock is trading notably above its mean price target of $94.84.
