Tapestry (TPR) Emerges as a Leading Idea in Telsey’s 2026 Outlook

Core Insights - Tapestry, Inc. (NYSE:TPR) is recognized as a leading investment idea for 2026 by Telsey Advisory, which raised its price target from $125 to $150 while maintaining an Outperform rating [2] - The company is navigating challenges such as tariffs and fluctuating consumer spending, which have impacted its holiday-quarter earnings guidance [3][4] Financial Performance - Tapestry projected second-quarter earnings of approximately $2.15 per share, slightly below the consensus estimate of $2.17 [4] - The company has lifted its full-year targets despite cautious management guidance regarding holiday-quarter performance [3] Market Position and Strategy - Tapestry is focusing on international growth, with sales in China rebounding by 19% and Europe experiencing a 32% increase, indicating strong performance outside North America [5] - The company has maintained stable pricing despite tariff pressures, benefiting from strong demand for high-margin products like the Tabby bags, which are priced up to $750 [4][5] Brand Portfolio - Tapestry is a global luxury fashion holding company that owns brands such as Coach, Kate Spade New York, and Stuart Weitzman, offering a range of products including handbags, footwear, apparel, and accessories [5]