Tapestry shares rise 6.33% after-hours on strong Q2 earnings and raised FY26 guidance.

Tapestry

Citigroup

Citigroup Reiterates Buy Rating on Tapestry, Raises PT to $165

Tapestry: BTIG reiterates Buy rating, raises PT to $175 from $140.

Tapestry shares jump 5.11% intraday on strong Q2 earnings, raised guidance, and analyst upgrades to $165–$170 price targets.

Tapestry: Wells Fargo maintains Overweight rating, raises PT to $165 from $142.

Catalyst<ul> <li>Recent Bullish Engulfing and Long Upper Shadow signals indicate strong bullish momentum for TPR.</li> <li>Most analysts rate TPR Buy or Strong Buy, showing broad institutional optimism.</li> <li>Positive fundamental factors including profitability versus valuation and revenue relative to market value suggest strong underlying business performance.</li></ul>Risk<ul> <li>Technical indicators show that the market is in a volatile state, and the direction is not clear enough.</li> <li>Fund flows are negative for Small, Medium, and Large orders, suggesting potential near-term uncertainty.</li></ul>

Key Factors

Tapestry reported Q2 FY2026 revenue of $2.5 billion, a 14% year-over-year increase driven by a 25% sales rise at its Coach brand.The company raised full-year revenue guidance to exceed $7.75 billion and increased its stock buyback authorization to $1.2 billion.Tapestry's adjusted earnings per share for Q2 were $2.69, surpassing estimates by 46 cents, with gross margins expanding 110 basis points to 75.5%.The company announced a $1.5 billion shareholder return plan for fiscal 2026, up from its prior authorization of $1.3 billion.Tapestry's shares surged over 10% in intraday trading following the release of its Q2 results and updated guidance.

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