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

Tapestry, Inc. (NYSE:TPR) is 1 of the champion luxury stocks to bargain now. BNP Paribas initiated sum of Tapestry, Inc. (NYSE:TPR) with an Outperform standing connected February 13, mounting a terms people of $176. The institution besides received a standing update from TD Cowen connected February 10, with the steadfast lifting the terms people connected the banal to $175 from $150 portion maintaining a Buy standing connected the shares. The steadfast updated its exemplary to instrumentality into relationship the fiscal Q2 2026 net results.

UBS besides lifted the terms people connected Tapestry, Inc. (NYSE:TPR) to $141 from $125 connected February 9, maintaining a Neutral standing connected the shares. The standing updates came aft Tapestry, Inc. (NYSE:TPR) reported its fiscal Q2 2026 results connected February 5, reporting a gross of $2.5 billion, up 14% compared to the anterior twelvemonth period. The institution besides attained pro forma gross maturation 18%, supported by a 25% summation astatine the manager brand.

Tapestry, Inc. (NYSE:TPR) drove operating borderline enlargement of 620 ground points connected a GAAP Basis and 390 ground points connected a non-GAAP basis, supported by gross borderline summation and SG&A leverage. The institution present expects to instrumentality $1.5 cardinal to shareholders done dividends and stock repurchases successful Fiscal 2026. This is astir 100 percent of its anticipated adjusted escaped currency flow, and reflects an summation from its erstwhile outlook of $1.3 billion, supported by a robust equilibrium sheet, sizeable escaped currency travel generation, and beardown operational results.

Tapestry, Inc. (NYSE:TPR) operates a planetary location of luxury brands, including Kate Spade New York, Coach, and Stuart Weitzman.

While we admit the imaginable of TPR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.