NYSE:TPR - Tapestry Stock Price, News, & Analysis

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$52.03 -0.16 (-0.31 %)
(As of 08/22/2018 01:20 AM ET)
Previous Close$52.19
Today's Range$51.43 - $52.49
52-Week Range$38.70 - $55.50
Volume2.73 million shs
Average Volume3.11 million shs
Market Capitalization$14.81 billion
P/E Ratio19.84
Dividend Yield2.63%
Beta0.4
Tapestry logoTapestry, Inc. provides luxury accessories and lifestyle brands. It offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, sunglasses, watches, novelty accessories, and ready-to-wear for men. The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, gloves, scarves, and hats; jewelry, such as bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising perfume sprays, toilette sprays, purse sprays, and body creams for women. In addition, it offers children's wear, tech and home decor products; and weekend and travel accessories, travel bags, and other lifestyle products. Further, the company licenses rights to market and distribute its eyewear, watches, and fragrances under the Coach brand name. It markets its products to consumers through a network of Coach-operated stores, including Internet in North America; and Coach-operated stores and concession shop-in-shops in Japan, Mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands, and Switzerland, as well as to wholesale customers and distributors in approximately 55 countries. The company sells its Stuart Weitzman products through department stores; independent third party distributors; and stores, including the Internet. It operates approximately 1,300 stores under the Coach, kate spade new york, and Stuart Weitzman brands. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
SymbolNYSE:TPR
CUSIP18975410
Phone212-594-1850

Debt

Debt-to-Equity Ratio0.49
Current Ratio2.59
Quick Ratio1.87

Price-To-Earnings

Trailing P/E Ratio19.84
Forward P/E Ratio18.78
P/E Growth1.59

Sales & Book Value

Annual Sales$5.88 billion
Price / Sales2.55
Cash Flow$3.5883 per share
Price / Cash14.50
Book Value$11.27 per share
Price / Book4.62

Profitability

EPS (Most Recent Fiscal Year)$2.63
Net Income$397.50 million
Net Margins6.76%
Return on Equity24.76%
Return on Assets10.77%

Miscellaneous

Employees14,400
Outstanding Shares288,040,000
Market Cap$14.81 billion

Tapestry (NYSE:TPR) Frequently Asked Questions

What is Tapestry's stock symbol?

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

How often does Tapestry pay dividends? What is the dividend yield for Tapestry?

Tapestry announced a quarterly dividend on Wednesday, August 15th. Investors of record on Friday, September 7th will be paid a dividend of $0.3375 per share on Monday, October 1st. This represents a $1.35 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 6th. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) announced its quarterly earnings data on Tuesday, August, 14th. The luxury accessories retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The luxury accessories retailer earned $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. Tapestry had a net margin of 6.76% and a return on equity of 24.76%. The company's quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. View Tapestry's Earnings History.

When is Tapestry's next earnings date?

Tapestry is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Tapestry.

What guidance has Tapestry issued on next quarter's earnings?

Tapestry updated its FY19 earnings guidance on Tuesday, August, 14th. The company provided earnings per share (EPS) guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.82. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.08 billion.

What price target have analysts set for TPR?

26 brokerages have issued 12 month price targets for Tapestry's stock. Their forecasts range from $40.67 to $65.00. On average, they anticipate Tapestry's share price to reach $56.3468 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Price Targets for Tapestry.

What is the consensus analysts' recommendation for Tapestry?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 1 sell rating, 7 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tapestry.

What are Wall Street analysts saying about Tapestry stock?

Here are some recent quotes from research analysts about Tapestry stock:
  • 1. According to Zacks Investment Research, "Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The buyouts of Stuart Weitzman and Kate Spade are viewed as a major step toward becoming a multi-brand company. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts have not only aided the stock to outpace the industry in the past three months but also helped post better-than-expected fourth-quarter fiscal 2018 results, wherein both the top and bottom lines grew year over year. The company also provided an encouraging view for fiscal 2019. However, soft sales for Stuart Weitzman remains a concern, as earlier development and delivery delays hurt sales and margins. Nevertheless, management expects the segment’s top-line to return to growth in the second quarter." (8/17/2018)
  • 2. Guggenheim analysts commented, "We reiterate TPR as our Best Idea and increase our PT to $65 from $55. Our 3Q EPS estimate of $0.51 is $0.01 above consensus, and we remain comfortable with the Coach brand’s global +LSD comp sales growth trajectory following a strong 2Q in which the company rebounded swiftly from logo-related inventory issues in 1Q. Importantly, we believe recent leadership appointments (Kate) and debt paydown (post-2Q end) support potential for additional M&A activity over the next 12 months. Our estimates are unchanged ahead of the report. In 3Q, we forecast total revenue growth of 30% to $1.3bn and EPS of $0.51 ($0.01 above consensus). Our top-line forecast includes a +LSD global comp sales increase for the Coach brand and a ~$245mn revenue contribution from Kate Spade. We expect Coach brand momentum to continue in 2H18 (following a 4+% NA comp in 2Q), as marketing/ product innovation remains solid, led by Selena Gomez." (4/27/2018)

Who are some of Tapestry's key competitors?

Who are Tapestry's key executives?

Tapestry's management team includes the folowing people:
  • Mr. Victor Luis, CEO & Director (Age 52)
  • Mr. Todd Kahn, Pres, Chief Admin. Officer, Sec. & Interim Gen. Counsel (Age 54)
  • Mr. Kevin G. Wills, Chief Financial Officer (Age 52)
  • Ms. Andrea Shaw Resnick, Global Head of Investor Relations & Corp. Communications (Age 57)
  • Mr. Ian M. Bickley, Pres of Global Bus. Devel. & Strategic Alliances (Age 54)

Has Tapestry been receiving favorable news coverage?

News headlines about TPR stock have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tapestry earned a news impact score of 0.13 on Accern's scale. They also assigned press coverage about the luxury accessories retailer an impact score of 46.79 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Tapestry.

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.22%), American International Group Inc. (4.05%), FMR LLC (2.81%), American Century Companies Inc. (2.67%), Renaissance Technologies LLC (2.06%) and Voya Investment Management LLC (1.81%). Company insiders that own Tapestry stock include Andre Cohen, Annabelle Yu Long, Ian Bickley, Melinda Brown, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Institutional Ownership Trends for Tapestry.

Which major investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including Scopus Asset Management L.P., Millennium Management LLC, American International Group Inc., Jennison Associates LLC, State Treasurer State of Michigan, OppenheimerFunds Inc., Investec Asset Management LTD and Federated Investors Inc. PA. Company insiders that have sold Tapestry company stock in the last year include Ian Bickley, Melinda Brown, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Insider Buying and Selling for Tapestry.

Which major investors are buying Tapestry stock?

TPR stock was purchased by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, BlackRock Inc., ANTIPODES PARTNERS Ltd, Janus Henderson Group PLC, FMR LLC, American Century Companies Inc., Global Thematic Partners LLC and Bank of Montreal Can. View Insider Buying and Selling for Tapestry.

How do I buy shares of Tapestry?

Shares of TPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $52.03.

How big of a company is Tapestry?

Tapestry has a market capitalization of $14.81 billion and generates $5.88 billion in revenue each year. The luxury accessories retailer earns $397.50 million in net income (profit) each year or $2.63 on an earnings per share basis. Tapestry employs 14,400 workers across the globe.

How can I contact Tapestry?

Tapestry's mailing address is 10 HUDSON YARDS, NEW YORK NY, 10001. The luxury accessories retailer can be reached via phone at 212-594-1850.


MarketBeat Community Rating for Tapestry (NYSE TPR)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,224 (Vote Outperform)
Underperform Votes:  976 (Vote Underperform)
Total Votes:  2,200
MarketBeat's community ratings are surveys of what our community members think about Tapestry and other stocks. Vote "Outperform" if you believe TPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TPR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/22/2018 by MarketBeat.com Staff

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