Is Tapestry, Inc. (TPR) One of the Best Luxury Stocks to Buy Now?

Core Viewpoint - Tapestry, Inc. (NYSE:TPR) is recognized as a strong investment opportunity in the luxury sector, with multiple analysts raising their price targets and maintaining positive ratings following the company's strong fiscal Q2 2026 results. Group 1: Analyst Ratings and Price Targets - BNP Paribas initiated coverage of Tapestry, Inc. with an Outperform rating and a price target of $176 on February 13 [1] - TD Cowen raised its price target from $150 to $175 while maintaining a Buy rating on February 10 [1] - UBS increased its price target from $125 to $141, keeping a Neutral rating on February 9 [2] Group 2: Financial Performance - Tapestry reported fiscal Q2 2026 revenue of $2.5 billion, reflecting a 14% increase year-over-year [2] - The company achieved pro forma revenue growth of 18%, driven by a 25% increase in the Coach brand [2] Group 3: Operational Metrics and Shareholder Returns - Tapestry expanded its operating margin by 620 basis points on a GAAP basis and 390 basis points on a non-GAAP basis, aided by gross margin improvement and SG&A leverage [3] - The company plans to return $1.5 billion to shareholders through dividends and share repurchases in Fiscal 2026, which is approximately 100% of its anticipated adjusted free cash flow, up from a previous outlook of $1.3 billion [3]