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Tapestry (TPR) Stock Forecast, Price & News

$27.95
-0.19 (-0.68%)
(As of 09/27/2023 ET)
Compare
Today's Range
$27.87
$28.43
50-Day Range
$28.14
$43.15
52-Week Range
$27.53
$47.48
Volume
3.15 million shs
Average Volume
3.46 million shs
Market Capitalization
$6.36 billion
P/E Ratio
7.20
Dividend Yield
5.01%
Price Target
$48.40

Tapestry MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
73.2% Upside
$48.40 Price Target
Short Interest
Healthy
3.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.91mentions of Tapestry in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.44%
From $4.13 to $4.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.23 out of 5 stars

Retail/Wholesale Sector

6th out of 214 stocks

Leather & Leather Products Industry

1st out of 3 stocks


TPR stock logo

About Tapestry (NYSE:TPR) Stock

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms. The company also provides men products, which includes bag collections, such as business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods including wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear items. In addition, it offers other products including women's footwear and fragrances; eyewear and sunglasses; and jewelry, such as bracelets, necklaces, rings, and earrings, watches, and other women's seasonal lifestyle apparel collections, including outerwear, ready-to-wear and cold weather accessories, such as gloves, scarves, and hats. Further, the company provides kids items, housewares, and home accessories, such as fashion bedding and tableware, stationery, and gifts. It offers its products through e-commerce sites and concession shop-in-shops, wholesale, and third-party distributors under the Coach, Kate Spade, and Stuart Weitzman brand names. 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.

TPR Price History

TPR Stock News Headlines

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CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
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Tapestry: Anything But A Luxury To Investors
Tapestry Inc. stock falls Monday, underperforms market
The Latest Analyst Ratings for Tapestry
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There a Few Opportunities Like This Stock! Sign Up Today And Get Our NExt Bio-Tech Alert!
Wells Fargo Sticks to Their Buy Rating for Tapestry (TPR)
UBS Maintains Neutral Rating for Tapestry: Here's What You Need To Know
Tapestry Inc TPR Stock Quote
Tapestry: Coach owner on back foot as earnings fall shy of...
Citi Keeps Their Buy Rating on Tapestry (TPR)
Expert Ratings for Tapestry
Tapestry, Inc. Q4 Earnings Summary
Guggenheim Remains a Buy on Tapestry (TPR)
Telsey Advisory Sticks to Their Buy Rating for Tapestry (TPR)
See More Headlines
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TPR Company Calendar

Last Earnings
8/17/2023
Ex-Dividend for 9/25 Dividend
9/07/2023
Dividend Payable
9/25/2023
Today
9/27/2023
Next Earnings (Estimated)
11/09/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Leather & leather products
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
18975410
Employees
18,500
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$48.40
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+72.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
16 Analysts

Profitability

Net Income
$936 million
Pretax Margin
17.16%

Debt

Sales & Book Value

Annual Sales
$6.66 billion
Cash Flow
$4.75 per share
Book Value
$9.83 per share

Miscellaneous

Free Float
225,597,000
Market Cap
$6.39 billion
Optionable
Optionable
Beta
1.48

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Key Executives

  • Ms. Joanne C. CrevoiseratMs. Joanne C. Crevoiserat (Age 59)
    Pres, CEO & Director
    Comp: $5.74M
  • Mr. Todd  KahnMr. Todd Kahn (Age 59)
    CEO & Brand Pres of Coach
    Comp: $3.12M
  • Mr. Scott A. Roe (Age 58)
    CFO & COO
    Comp: $3.34M
  • Ms. Elizabeth Fraser (Age 61)
    CEO & Brand Pres of Kate Spade New York
    Comp: $2.53M
  • Mr. Manesh B. Dadlani (Age 40)
    VP, Principal Accounting Officer & Controller
  • Mr. Ashish Parmar (Age 47)
    Chief Information Officer
  • Ms. Christina Colone
    Global Head of Investor Relations
  • Mr. David E. HowardMr. David E. Howard (Age 48)
    Gen. Counsel & Sec.
  • Ms. Andrea Shaw Resnick (Age 62)
    Chief Communications Officer
  • Ms. Caroline Deroche Pasquier
    Sr. VP of Global PR and Communications













TPR Stock - Frequently Asked Questions

Should I buy or sell Tapestry stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TPR shares.
View TPR analyst ratings
or view top-rated stocks.

What is Tapestry's stock price forecast for 2023?

16 brokerages have issued 12-month price objectives for Tapestry's shares. Their TPR share price forecasts range from $33.00 to $60.00. On average, they predict the company's share price to reach $48.40 in the next twelve months. This suggests a possible upside of 72.2% from the stock's current price.
View analysts price targets for TPR
or view top-rated stocks among Wall Street analysts.

How have TPR shares performed in 2023?

Tapestry's stock was trading at $38.08 at the beginning of 2023. Since then, TPR stock has decreased by 26.2% and is now trading at $28.10.
View the best growth stocks for 2023 here
.

Are investors shorting Tapestry?

Tapestry saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,570,000 shares, an increase of 31.8% from the August 31st total of 6,500,000 shares. Based on an average trading volume of 3,740,000 shares, the short-interest ratio is currently 2.3 days. Currently, 3.8% of the shares of the company are sold short.
View Tapestry's Short Interest
.

When is Tapestry's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our TPR earnings forecast
.

How were Tapestry's earnings last quarter?

Tapestry, Inc. (NYSE:TPR) posted its quarterly earnings data on Thursday, August, 17th. The luxury accessories retailer reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by $0.02. The luxury accessories retailer earned $1.62 billion during the quarter, compared to analysts' expectations of $1.65 billion. Tapestry had a trailing twelve-month return on equity of 41.10% and a net margin of 14.05%. Tapestry's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share.
Read the conference call transcript
.

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

Tapestry declared a quarterly dividend on Friday, August 11th. Investors of record on Friday, September 8th will be paid a dividend of $0.35 per share on Monday, September 25th. This represents a $1.40 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Thursday, September 7th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for TPR
.

Is Tapestry a good dividend stock?

Tapestry (NYSE:TPR) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.91%. TPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 30.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

How will Tapestry's stock buyback program work?

Tapestry declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 12th 2022, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 18% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its stock is undervalued.

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

Tapestry issued an update on its FY24 earnings guidance on Thursday, August, 17th. The company provided earnings per share guidance of $4.10-4.15 for the period, compared to the consensus EPS estimate of $4.22. The company issued revenue guidance of approaching $6.9 billion, compared to the consensus revenue estimate of $6.92 billion.

What is Todd Kahn's approval rating as Tapestry's CEO?

34 employees have rated Tapestry Chief Executive Officer Todd Kahn on Glassdoor.com. Todd Kahn has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Tapestry own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tapestry investors own include Intel (INTC), AT&T (T), Wells Fargo & Company (WFC), Ford Motor (F), Exxon Mobil (XOM), Gilead Sciences (GILD), QUALCOMM (QCOM), Pfizer (PFE), Capri (CPRI) and Cisco Systems (CSCO).

What is Tapestry's stock symbol?

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

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.06%), JPMorgan Chase & Co. (6.07%), Bank Julius Baer & Co. Ltd Zurich (4.85%), State Street Corp (4.14%), Franklin Resources Inc. (3.65%) and Victory Capital Management Inc. (2.81%). Insiders that own company stock include David E Howard, Ivan Menezes, Joanne C Crevoiserat, Manesh Dadlani, Sarah Dunn, Thomas A Glaser and Todd Kahn.
View institutional ownership trends
.

How do I buy shares of Tapestry?

Shares of TPR stock 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.
Compare Top Brokerages Here.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $28.10.

How much money does Tapestry make?

Tapestry (NYSE:TPR) has a market capitalization of $6.39 billion and generates $6.66 billion in revenue each year. The luxury accessories retailer earns $936 million in net income (profit) each year or $3.88 on an earnings per share basis.

How many employees does Tapestry have?

The company employs 18,500 workers across the globe.

Does Tapestry have any subsidiaries?
The following companies are subsidiares of Tapestry: 17052011 Limited, 504-514 West 34th Street Corp., B.B. SAS, Coach (US) Partnership LLC, Coach Brasil Participações Ltda, Coach Consulting Dongguan Co. Ltd., Coach Holdings Partnership (UK) LP, Coach Hong Kong Limited, Coach IP Holdings LLC, Coach International Holdings Sàrl, Coach International Limited, Coach International UK Holdings Limited, Coach Italy S.r.l., Coach Japan Investments LLC, Coach Korea Limited, Coach Leatherware (Thailand) Ltd., Coach Leatherware India Private Limited, Coach Legacy Yards LLC, Coach Legacy Yards Lender LLC, Coach Luxembourg Financing S.a.r.l, Coach Malaysia SDN. BHD., Coach Management (Shanghai) Co. Ltd., Coach Manufacturing Limited, Coach Netherlands B.V., Coach New Zealand, Coach Operations Singapore Pte. Ltd., Coach Services Inc., Coach Shanghai Limited, Coach Singapore Pte. Ltd., Coach Spain S.L., Coach Stores Australia PTY LTD, Coach Stores Austria GmbH, Coach Stores Belgium, Coach Stores Canada Corporation, Coach Stores France SARL, Coach Stores Germany GmbH, Coach Stores Ireland Limited, Coach Stores Limited, Coach Stores Puerto Rico Inc., Coach Stores Switzerland GmbH, Coach Stores Unipessoal LDA, Coach Thailand Holdings LLC, Coach Vietnam Company Limited, Creaciones S.W. S.A., FNP Holdings LLC, Fifth & Pacific Companies Canada Inc, Fifth & Pacific Companies Cosmetics Inc., Fifth & Pacific Companies Foreign Holdings LLC, Hope Diamon S.L., IP Holdings 2017 LLC, Juicy Couture Inc., KS China Co. Ltd., KS HMT Co. Limited, Karucci LLC, Kate Spade & Company, Kate Spade & Company International Limited, Kate Spade Holdings LLC, Kate Spade LLC, Kate Spade Macau Limited, Kate Spade Puerto Rico LLC, Kate Spade Retail Hong Kong Limited, Kate Spade UK Ltd., Liz Foreign B.V., Lizzy Mae LLC, MFE Limited, Mocaroni S.L., Preparaciones y Moldeados SL, SW Luxembourg Holdings, SW-Italy LLC, Shanghai Kate Spade Trading Co. Ltd., Shoe Heaven S.L., Shoes By Stuart S.L.U., Stuart Weitzman Holdings LLC, Stuart Weitzman IP LLC, Stuart Weitzman International UK Holdings Limited, Stuart Weitzman Monaco S.A.R.L., Stuart Weitzman UK Holdings Limited, Sunburst S.L., Tapestry (Cambodia) Company Limited, Tapestry International US Holdings LLC, Tapestry Japan LLC, Tapestry Myanmar Limited, Tapestry Ventures International LLC, WCFL Holdings LLC, and Westcoast Contempo Fashions Limited.
Read More
How can I contact Tapestry?

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

This page (NYSE:TPR) was last updated on 9/27/2023 by MarketBeat.com Staff

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