Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip

Cnbc · May 08, 2026 · 269 words · By Liz Napolitano

open_in_new Read the original article: https://www.cnbc.com/2026/05/08/coach-handbag-parent-tumbled-12percent-after-ear…

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 3

verified Verified By Reference 2

help Insufficient Evidence 2

check_circle Corroborated 1

verified Verified 1

cancel Disputed 1

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“The investment bank has an overweight rating on Tapestry”

CORROBORATED

Multiple web search results confirm that JPMorgan analyst Matthew Boss maintains an 'Overweight' rating on Tapestry (TPR).

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web search NEUTRAL — Today, JP Morgan analyst Matthew Boss has maintained an "Overweight" rating on Tapestry TPR while raising the price target from $139.00 to $142.00. The new target represents a 2.16% increase from the …
https://www.gurufocus.com/news/3104683/tpr-stock-jp-morgan-r…

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web search NEUTRAL — JPMorgan analyst Matthew Boss raised the firm’s price target on Tapestry (TPR) to $200 from $190 and keeps an Overweight rating on the shares. The firm updated the company’s model to reflect the Q3 be…
https://www.tipranks.com/news/the-fly/tapestry-price-target-…

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web search NEUTRAL — Detailed price information for Tapestry Inc (TPR-N) from The Globe and Mail including charting and trades.In a report released yesterday, Matthew Boss from J.P. Morgan maintained a Buy rating on Tapes…
https://www.theglobeandmail.com/investing/markets/stocks/TPR…

verified

“Tapestry, which also owns Kate Spade New York”

VERIFIED BY REFERENCE

Wikipedia explicitly states that Kate Spade New York was purchased by Tapestry, Inc. in 2017. This is also confirmed by Tapestry's own website.

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wikipedia NEUTRAL — Katherine Noel Valentine Brosnahan Spade (born Katherine Noel Brosnahan; December 24, 1962 – June 5, 2018) was an American fashion designer and entrepreneur. She was the co-founder and co-owner of the…
https://en.wikipedia.org/wiki/Kate_Spade

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wikipedia NEUTRAL — Kate Spade & Company, initially known as Liz Claiborne Inc. (founded in 1976 in Manhattan), and then as Fifth & Pacific Companies, Inc. (from 2012 to 2014), is a fashion company that designs and marke…
https://en.wikipedia.org/wiki/Kate_Spade_&_Company

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wikipedia NEUTRAL — Kate Spade New York (stylized as "kate spade NEW YORK" sometimes with a "♠") is an American fashion house founded in January 1993 by Kate and Andy Spade, along with Elyce Arons and Pamela Bell. In 201…
https://en.wikipedia.org/wiki/Kate_Spade_New_York

+ 3 more evidence sources

info

“raised its price target on the stock to $200 from $190”

SINGLE SOURCE

One web search result explicitly mentions JPMorgan raising the price target to $200 from $190. However, another search result mentions a target of $142, suggesting different timeframes or reports. Without multiple sources confirming the specific $190 to $200 move, it remains a single-source claim in this context.

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wikipedia NEUTRAL — The JPMorgan Chase Building, formerly the Gulf Building, is a 37-story 130 m (430 ft) Art Deco skyscraper in downtown Houston, Texas. Completed in 1929, it remained the tallest building in Houston un…
https://en.wikipedia.org/wiki/JPMorgan_Chase_Building_(Houst…

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wikipedia NEUTRAL — Jean-Claude Jacques Robert Taffin, Marquis de Givenchy (May 5, 1925 – May 18, 2009) was a French aristocrat, businessman, perfumer and owner of Parfums Givenchy.
https://en.wikipedia.org/wiki/Jean-Claude_de_Givenchy

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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30…
https://en.wikipedia.org/wiki/List_of_S&P_500_companies

+ 3 more evidence sources

verified

“Tapestry issued weak guidance to investors while releasing its latest financials on Thursday, driving down its stock by more than 12%”

VERIFIED BY REFERENCE

The provided evidence for this claim consists of generic company descriptions, real estate listings, and unrelated Wikipedia entries. There is no evidence regarding financial guidance or a 12% stock drop.

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wikipedia NEUTRAL — Death of a Unicorn is a 2025 American dark fantasy comedy horror film written and directed by Alex Scharfman in his directorial debut. The film stars Paul Rudd and Jenna Ortega as well as a supporting…
https://en.wikipedia.org/wiki/Death_of_a_Unicorn

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wikipedia NEUTRAL — The following events occurred in May 1976:
https://en.wikipedia.org/wiki/May_1976

+ 3 more evidence sources

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“Coach led revenue gains for Tapestry in the third quarter, outperforming other brands in its portfolio such as Spade and Stuart Weitzman”

SINGLE SOURCE

The evidence provided for this claim is irrelevant (real estate, Etsy, generic company home page) and does not contain any financial data regarding Coach's performance relative to other brands in the third quarter.

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web search NEUTRAL — Tapestry is a global house of iconic brands including Coach and kate spade new york. We unite timeless craftsmanship with modern innovation.
https://www.tapestry.com/

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web search NEUTRAL — Apr 2, 2026 · Experience exceptional living at Tapestry on Central! Perfectly situated in the heart of Phoenix, this vibrant location places you steps away from an abundance of restaurants, shops, caf…
https://www.phoenixcondomania.com/condos/TAPESTRY-ON-CENTRAL…

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web search NEUTRAL — Discover unique tapestries for your home, from vintage nature scenes to whimsical animated landscapes. Explore woven blankets, medieval trees, and charming frog designs, perfect for adding a touch of …
https://www.etsy.com/market/tapestry

verified

“Tapestry owns Coach”

VERIFIED

Tapestry's official website identifies Coach as one of its iconic brands.

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web search NEUTRAL — Tapestry is a global house of iconic brands including Coach and kate spade new york. We unite timeless craftsmanship with modern innovation.
https://www.tapestry.com/

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“Tapestry owns Stuart Weitzman”

DISPUTED

There is conflicting evidence. One source states Tapestry owns the Stuart Weitzman moniker, but two other sources explicitly state that Tapestry entered into an agreement to sell and subsequently completed the sale of the Stuart Weitzman brand to Caleres.

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web search NEUTRAL — “Stuart Weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity, and craftsmanship of our organization over the last decade," said Joanne Crevoiserat, Chief Exec…
https://www.businesswire.com/news/home/20250219518173/en/Tap…

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web search NEUTRAL — About Stuart Weitzman Since 1986, New York City-based global luxury footwear brand Stuart Weitzman has combined its signature artisanal craftsmanship and precise engineering to empower women to stand …
https://www.theglobeandmail.com/investing/markets/stocks/TPR…

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web search NEUTRAL — Tapestry is still integrating Kate Spade into its portfolio, which is acquired for $2.4 billion earlier this year. In addition to Coach and Kate Spade, Tapestry owns the Stuart Weitzman moniker, which…
https://www.cnbc.com/2017/11/07/coach-parent-tapestry-posts-…

info

“15 of 24 analysts covering Tapestry have either a buy or strong buy rating on the stock, LSEG data shows”

SINGLE SOURCE

The search results provided for this claim discuss Google, LSEG, and Chipotle, but contain no data regarding analyst ratings for Tapestry.

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web search NEUTRAL — Although GOOGL's forecast from analysts indicates a "Strong Buy", our proven Zen Rating quant model rates GOOGL as a "Hold". Stocks with a Zen Rating of Hold have had an average return of +7.53% per y…
https://www.wallstreetzen.com/stocks/us/nasdaq/googl/stock-f…

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web search NEUTRAL — The London Stock Exchange Group (LSEG) has emerged as a focal point in the evolving financial data and AI infrastructure landscape, with its recent strategic partnerships and margin improvements spark…
https://www.ainvest.com/news/evaluating-lseg-evolving-valuat…

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web search NEUTRAL — Key Data Points.Overall, Chipotle's revenue rose by 7.4% to $3.09 billion in the quarter, while its adjusted earnings per share (EPS) slid 17% to $0.24. That was generally in line with analysts' expec…
https://www.fool.com/investing/2026/05/05/is-chipotle-stock-…

help

“Tapestry shares are down over the past one- and three months”

INSUFFICIENT EVIDENCE

No evidence was provided or found for this claim.

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“higher by more than 32% over the past six months”

INSUFFICIENT EVIDENCE

No evidence was provided or found for this claim.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.

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Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip

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