Tapestry Stock Price, News & Analysis (NYSE:TPR)

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TPR shares.
View TPR analyst ratings or view top-rated stocks.

18 Wall Street research analysts have issued 1-year price targets for Tapestry's stock. Their TPR share price targets range from $30.00 to $60.00. On average, they anticipate the company's share price to reach $45.18 in the next twelve months. This suggests a possible upside of 42.6% 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 stock has decreased by 16.8% and is now trading at $31.67.
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Tapestry saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 8,630,000 shares, an increase of 18.7% from the October 15th total of 7,270,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the short-interest ratio is currently 2.0 days. Currently, 3.8% of the company's stock are short sold.
View Tapestry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our TPR earnings forecast.

Tapestry, Inc. (NYSE:TPR) released its earnings results on Thursday, November, 9th. The luxury accessories retailer reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.03. The luxury accessories retailer earned $1.51 billion during the quarter, compared to the consensus estimate of $1.54 billion. Tapestry had a trailing twelve-month return on equity of 41.29% and a net margin of 14.03%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share.
Read the conference call transcript.

Tapestry declared a quarterly dividend on Thursday, November 9th. Investors of record on Friday, December 8th will be given a dividend of $0.35 per share on Tuesday, December 26th. This represents a $1.40 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for TPR.

Tapestry (NYSE:TPR) pays an annual dividend of $1.40 per share and currently has a dividend yield of 4.51%. 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 35.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 31.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

ETFs with the largest weight of Tapestry (NYSE:TPR) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Affinity World Leaders Equity ETF (WLDR), Tema Luxury ETF (LUX) and VanEck Morningstar SMID Moat ETF (SMOT).

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

Tapestry issued an update on its FY24 earnings guidance on Thursday, November, 9th. The company provided earnings per share guidance of $4.10-4.15 for the period, compared to the consensus earnings per share estimate of $4.12. The company issued revenue guidance of ~$6.7 billion, compared to the consensus revenue estimate of $6.87 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's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (6.16%), Victory Capital Management Inc. (3.00%), Ameriprise Financial Inc. (2.31%), Ninety One UK Ltd (2.08%), American Century Companies Inc. (1.96%) and Invesco Ltd. (1.93%). 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.

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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