TPR Should I Buy
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Tapestry Inc. is not a strong buy at the moment for a beginner investor with a long-term focus. While the company has shown strong financial growth and positive analyst sentiment, insider selling, cautious Congress trading activity, and a lack of clear technical or proprietary trading signals suggest waiting for a better entry point.
The MACD is positive but contracting, RSI is neutral at 45.362, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the stock is trading below its pivot point of 146.123, with key support at 138.437 and resistance at 153.809. This indicates a mixed technical outlook.
Tapestry reported a 25% year-over-year increase in net sales and a 62% rise in adjusted earnings, driven by strong performance from Coach. Analysts have raised price targets and highlighted the company's success in acquiring younger consumers and expanding in Greater China.
Insiders have significantly increased their selling activity (up 2326% last month), and Congress members have sold $6.5M worth of shares in recent transactions. Additionally, the stock has a 30% chance of declining 1.91% over the next month based on similar candlestick patterns.
Tapestry's latest quarter showed a 25% year-over-year increase in net sales and a 62% rise in adjusted earnings, with Coach accounting for 88% of total sales. The company is demonstrating strong growth trends, particularly among younger consumers.
Analysts remain optimistic, with multiple firms raising price targets (e.g., JPMorgan to $205, UBS to $187, and Citi to $170). The consensus is that Tapestry is executing well on its growth strategies, particularly in customer acquisition and geographic expansion.
