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TPR · Analysis updated Nov 6, 2026, 6:10 PM ET
Why is Tapestry, Inc. (TPR) stock moving?
Tapestry, Inc. (TPR) extended its upside momentum on November 5, 2026, surging to close at $134.17 (intraday high of $144.23) on heavy volume of 5.31M shares across 80.5k trades. The rally was driven by a comprehensive beat-and-raise Q1 FY2027 performance, featuring adjusted EPS of $1.82 (+32% YoY) versus $1.56 consensus and revenues of $1.89 billion (+12% pro forma). Coach generated 16% constant-currency revenue growth while gross margin expanded 220 bps to 78.7%. Management raised full-year FY2027 EPS guidance to $8.25–$8.35 and increased planned capital returns to $2.0 billion (including $1.7 billion in buybacks), prompting bullish analyst target revisions from Barclays ($195) and Goldman Sachs ($168).
News behind the analysis
- Tapestry (TPR) Q1 2027 Earnings Call TranscriptTapestry reported Q1 net sales of $1.89 billion (+12% pro forma) and adjusted EPS of $1.82, fueled by a 16% constant-currency increase at Coach.
- Tapestry jumps as earnings beat and outlook rises on Coach strengthTPR shares climbed after gross margin widened 220 bps to 78.7% and full-year FY2027 EPS guidance was raised to $8.25-$8.35.
- Tapestry (TPR) Stock Gets Price Target Boost from BarclaysBarclays reiterated an Overweight rating on Tapestry and increased its price target from $185 to $195 following strong Q1 execution.
- Goldman Sachs Reiterates Buy on Tapestry with $168 Price TargetGoldman Sachs reaffirmed a Buy rating on Tapestry following Q1 beats, noting robust Gen Z customer acquisition and durable growth.
- Tapestry Reports Fiscal 2027 First Quarter Results and Raises Full Year OutlookTapestry raised its FY2027 shareholder return target to $2.0 billion, including $1.7 billion in planned share repurchases and a declared quarterly dividend of $0.4625.
- Tapestry CEO Sees Resilient US Shoppers As Coach Heads Into Holiday SeasonManagement noted strong international demand with Greater China up 39% and direct-to-consumer store growth up low double digits.