Tapestry Shares Poised for Significant Growth Ahead of Earnings

A notable institutional move has positioned Tapestry for increased investor attention. Transcend Capital Advisors LLC established a new stake in the luxury goods conglomerate during the second quarter, acquiring 2,527 shares valued at approximately $222,000. This strategic investment precedes the company’s imminent quarterly earnings release scheduled for next week.

Market anticipation is building for Tapestry’s first-quarter fiscal 2026 results, set for publication on Thursday. Financial analysts at Zacks Investment Research project earnings per share will reach $1.25, representing a substantial 22.6 percent year-over-year increase. Revenue expectations are equally promising, with forecasts pointing to $1.64 billion—an 8.7 percent growth compared to the same period last year. Notably, the consensus EPS estimate was recently revised upward from Read more...