Tapestry, Inc. (TPR) earnings on May 7, 2026
Prior outlook: Pessimistic Outcome: Accurate
The stock fell sharply despite good earnings and higher future expectations. This suggests investors were disappointed or sold off despite the positive financial news.
TPR price around the earnings
132.00
Change: -11.3%
2026-05-07, 23:48 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Mixed contexts: strong fundamentals, weak technicals.
Despite a recent strong earnings report and raised future outlook, the stock's price movement has been flat. Analysts remain positive, but technical indicators suggest caution.
Context analyzed before publication
- Summary
- Positive outlook, the scenario is optimistic on upgrades.
- Reasoning
- Experts see strong earnings and revenue growth ahead, with a history of beating expectations. Despite recent price stagnation, analyst upgrades point to an optimistic scenario.
- Playbook
- Analysts are raising price targets, pointing to an optimistic scenario. The technical picture is a key factor for a potential shift in price direction following recent upgrades.
- Trend
- Analyst upgrades point to an optimistic scenario.
Analysts
Drivers
-
Analysts
Positive
Most analysts maintain buy ratings, with price targets citing over 11% above the current price. Major firms have recently increased their price targets.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.95
- Analysts covering the stock
- 19
- Average price target
- 162.16
- Lowest price target
- 76
- Highest price target
- 190
- Upside to price target
- 11.1%
- Quarterly earnings growth
- 80.8%
- Revenue growth
- 14%
- Forward EPS
- 7.24
- Trailing EPS
- 2.57
- Analyst moves in the last 60 days
- 4
- Strong buy: 4
- Buy: 10
- Hold: 6
- Sell: 1
- Strong sell: 0
- Strong buy
- 4
- Buy
- 10
- Hold
- 6
- Sell
- 1
- Strong sell
- 0
- April 29, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 29, 2026 · Baird: Maintains rating (Outperform → Outperform)
- April 24, 2026 · BTIG: Maintains rating (Buy → Buy)
- April 23, 2026 · UBS: Maintains rating (Neutral → Neutral)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (5)
- Citigroup Maintains Buy on Tapestry, Raises Price Target to $170 — Benzinga
- Baird Maintains Outperform on Tapestry, Raises Price Target to $165 — Benzinga
- BTIG Maintains Buy on Tapestry, Raises Price Target to $180 — Benzinga
- UBS Maintains Neutral on Tapestry, Raises Price Target to $142 — Benzinga
- Alabama Rep. Terri Sewell Sold Over $16K Worth of Tapestry Stock: Here's What You Should Know — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's recent price movement has been flat over the last two weeks and month. It is not performing as well as the broader market index.
Evidence
- Average true range (ATR)
- 2.8%
- Distance to 52-week high
- -9.9%
- 14-day change (14d)
- -6.2%
- 30-day change
- -0.1%
- 30-day relative strength
- -12.1%
- Benchmark change
- +12.0%
- Nearest support
- 136.79
- Nearest resistance
- 158.49
- Volume accumulation ratio
- 1.07
Trends
Evidence
- Average earnings surprise
- +12.2%
- February 5, 2026: actual EPS 2.68 vs estimate 2.22 (surprise +20.7%)
- November 6, 2025: actual EPS 1.38 vs estimate 1.27 (surprise +8.9%)
- August 14, 2025: actual EPS 1.04 vs estimate 1.02 (surprise +2.1%)
- May 8, 2025: actual EPS 1.03 vs estimate 0.88 (surprise +17.1%)
Expected move
Drivers
-
Past earnings
Positive
The company has a history of meeting or exceeding earnings expectations in recent quarters. The average surprise was over 12%.
There is no implied-move data available for this event.
Reactions over its last 18 earnings
- Median move
- 4%
- 75th percentile move
- 9.3%
- 90th percentile move
- 13.1%
- Up / down moves
- 14 / 3
- Average up move
- +6.0%
- Average down move
- -9.4%
Monitoring and close
What Tapestry, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -12.3%
- Max favorable move (MFE)
- 13.5%
- Max adverse move (MAE)
- 0%