Despite a decline in consensus revenue growth forecasts, the significant increase in Tapestry’s future P/E suggests higher confidence in profitability or valuation multiples, driving the analyst price target up from $84.58 to $97.22.
What's in the News
- Tapestry, Inc. (NYSE: TPR) added to the Russell 1000 Growth, 2500 Growth, 3000 Growth, 3000E Growth, and Midcap Growth benchmarks and indices.
- The company completed the repurchase of 28,363,766 shares (12.17%) for $2,000 million under the November 2024 buyback program, with no shares repurchased in the latest period.
- The company completed the repurchase of 17,808,898 shares (7.51%) for $699.93 million under the May 2022 buyback program, with no shares repurchased in the latest period.
Valuation Changes
Summary of Valuation Changes for Tapestry
- The Consensus Analyst Price Target has significantly risen from $84.58 to $97.22.
- The Consensus Revenue Growth forecasts for Tapestry has significantly fallen from 3.6% per annum to 2.7% per annum.
- The Future P/E for Tapestry has significantly risen from 14.23x to 16.55x.
Disclaimer
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