Tapestry Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Tapestry stock.
View analyst ratings for Tapestry or view top-rated stocks.

14 Wall Street research analysts have issued 12-month price targets for Tapestry's stock. Their TPR stock forecasts range from $36.00 to $63.00. On average, they anticipate Tapestry's stock price to reach $48.12 in the next twelve months. This suggests a possible upside of 54.2% from the stock's current price.
View analysts' price targets for Tapestry or view top-rated stocks among Wall Street analysts.

Tapestry's stock was trading at $40.60 on January 1st, 2022. Since then, TPR shares have decreased by 23.1% and is now trading at $31.21.
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Tapestry saw a decrease in short interest in May. As of May 31st, there was short interest totaling 7,210,000 shares, a decrease of 19.5% from the May 15th total of 8,960,000 shares. Based on an average trading volume of 4,400,000 shares, the short-interest ratio is currently 1.6 days. Approximately 2.9% of the company's shares are sold short.
View Tapestry's Short Interest.

Tapestry is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our earnings forecast for Tapestry.

Tapestry, Inc. (NYSE:TPR) announced its quarterly earnings results on Thursday, May, 12th. The luxury accessories retailer reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.11. The luxury accessories retailer had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Tapestry had a trailing twelve-month return on equity of 32.07% and a net margin of 12.99%. The business's quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share.
View Tapestry's earnings history.

Tapestry announced a quarterly dividend on Thursday, May 12th. Investors of record on Friday, June 3rd will be paid a dividend of $0.25 per share on Monday, June 27th. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, June 2nd.
View Tapestry's dividend history.

Tapestry(NYSE:TPR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.10%. The dividend payout ratio of Tapestry is 32.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tapestry will have a dividend payout ratio of 25.25% next year. This indicates that Tapestry will be able to sustain or increase its dividend.
View Tapestry's dividend history.

Tapestry declared that its board has authorized a share buyback program on Thursday, May 12th 2022, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 18% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Tapestry issued an update on its FY 2022 earnings guidance on Thursday, June, 9th. The company provided earnings per share (EPS) guidance of $3.45-$3.45 for the period, compared to the consensus estimate of $3.62. The company issued revenue guidance of $6.70 billion-$6.70 billion, compared to the consensus revenue estimate of $6.75 billion.

34 employees have rated Tapestry CEO Todd Kahn on Glassdoor.com. Todd Kahn has an approval rating of 84% among Tapestry's employees.

Some companies that are related to Tapestry include V.F. (VFC), Ralph Lauren (RL), Columbia Sportswear (COLM), PVH (PVH), Hanesbrands (HBI), Carter's (CRI), Oxford Industries (OXM), G-III Apparel Group (GIII), Movado Group (MOV), Fossil Group (FOSL), Delta Apparel (DLA), Vera Bradley (VRA) and Boardriders (ZQKSQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Tapestry investors own include Intel (INTC), AT&T (T), Wells Fargo (WFC), Ford Motor (F), Exxon Mobil (XOM), Gilead Sciences (GILD), QUALCOMM (QCOM), Pfizer (PFE), Capri (CPRI) and Cisco Systems (CSCO).

Tapestry trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPR."

Shares of TPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TPR stock can currently be purchased for approximately $31.21.

Tapestry (NYSE:TPR) has a market capitalization of $7.86 billion and generates $5.75 billion in revenue each year. The luxury accessories retailer earns $834.20 million in net income (profit) each year or $3.10 on an earnings per share basis.

Tapestry employs 16,400 workers across the globe.

Tapestry was founded in 1941.

Tapestry's mailing address is 10 HUDSON YARDS, NEW YORK NY, 10001. The official website for Tapestry is www.tapestry.com. The luxury accessories retailer can be reached via phone at (212) 946-8400, via email at [email protected], or via fax at 212-594-1682.