Tapestry (NYSE: TPR) has spent the past two years rebuilding, and by many measures, the rebuild is working. The parent of Coach and Kate Spade closed out its fiscal year 2026 (FY2026) by hitting multi-year targets, raising its dividend, and committing to fresh buybacks.
More than a month after its August earnings report, however, the stock remains sharply below its summer high. The initial sell-off reflected disappointment with an outlook that failed to exceed elevated expectations, but shares have remained under pressure even as analysts continue to view the business favorably.
