Tapestry (TPR) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPR shares.
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17 brokerages have issued 1-year price targets for Tapestry's shares. Their TPR share price forecasts range from $40.00 to $55.00. On average, they expect the company's stock price to reach $48.29 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
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Tapestry's stock was trading at $38.08 at the beginning of 2023. Since then, TPR shares have increased by 12.7% and is now trading at $42.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our TPR earnings forecast.

Tapestry, Inc. (NYSE:TPR) announced its earnings results on Thursday, May, 11th. The luxury accessories retailer reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.19. The luxury accessories retailer had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.44 billion. Tapestry had a trailing twelve-month return on equity of 39.88% and a net margin of 13.51%. During the same period in the prior year, the company earned $0.51 earnings per share.

Tapestry announced a quarterly dividend on Friday, May 19th. Investors of record on Friday, June 9th will be given a dividend of $0.30 per share on Monday, June 26th. This represents a $1.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for TPR.

ETFs with the largest weight of Tapestry (NYSE:TPR) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), Global X S&P 500 Quality Dividend ETF (QDIV), VanEck Morningstar SMID Moat ETF (SMOT), Affinity World Leaders Equity ETF (WLDR), Alpha Intelligent - Large Cap Value ETF (AILV) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV).

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 28.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

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

Tapestry updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of $3.85-$3.90 for the period, compared to the consensus estimate of $3.71. The company issued revenue guidance of $6.70 billion-$6.70 billion, compared to the consensus revenue estimate of $6.64 billion.

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.

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).

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

Tapestry's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.84%), FMR LLC (5.07%), State Street Corp (4.07%), Franklin Resources Inc. (3.53%), Ninety One UK Ltd (2.40%) and Victory Capital Management Inc. (2.38%). Insiders that own company stock include David E Howard, Ivan Menezes, Joanne C Crevoiserat, John P Bilbrey, Manesh Dadlani, Sarah Dunn, Thomas A Glaser and Todd Kahn.
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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.
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One share of TPR stock can currently be purchased for approximately $42.90.

Tapestry (NYSE:TPR) has a market capitalization of $9.94 billion and generates $6.68 billion in revenue each year. The luxury accessories retailer earns $856.30 million in net income (profit) each year or $3.68 on an earnings per share basis.

The company employs 18,100 workers across the globe.

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.