• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Barclays upgrades Tapestry to ‘overweight,’ raises price target to $87

by January 8, 2025
written by January 8, 2025

Investing.com — Barclays upgraded Tapestry Inc (NYSE:TPR) to “overweight” from “equal weight” and raised its price target to $87 from $57, given the company’s potential to gain market share and drive earnings growth.

The bank highlighted four key factors: strong brand positioning, disciplined inventory management, increasing customer acquisition among younger demographics, and a total shareholder return strategy focused on boosting earnings per share.

Barclays (LON:BARC) sees Tapestry well-placed to attract consumers trading up in the moderate segment and trading down from higher-end luxury brands, benefiting from pricing gaps created by steep price hikes at European luxury competitors.

Barclays raised its earnings estimates through 2027, driven by lower share counts from buybacks and improved sales. The higher price target reflects increased valuation multiples, supported by Tapestry’s TSR strategy and operational improvements.

Risks to the thesis include potential competition from Capri Holdings (NYSE:CPRI), peak gross margins, and macroeconomic volatility, Barclays added.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Treasury yields keep rising on growth hopes, tariff fears, stocks suffer
next post
Exxon slips after flagging weak fourth-quarter earnings on refining squeeze

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Trump says he will tariff and tax foreign countries
    • US consumer sentiment ebbs in January; 12-month inflation expectations rise

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy