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S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
66,000% upside on tiny biotech? (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
66,000% upside on tiny biotech? (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
66,000% upside on tiny biotech? (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
66,000% upside on tiny biotech? (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021
S&P 500   4,293.93
DOW   33,833.61
QQQ   353.15
High Dividend REITs: Are They an Ideal Way to Diversify?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian shares mostly rise, lifted by bull market on Wall Street
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
66,000% upside on tiny biotech? (Ad)
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
6 Best Online and Direct Marketing Retail Stocks to Invest in
66,000% upside on tiny biotech? (Ad)
Homebuilding Stocks Defying Cooling Housing Market: Time to Sell?
US applications for jobless benefits highest since October 2021

Tapestry (TPR) Stock Forecast, Price & News

$42.53
-0.77 (-1.78%)
(As of 06/8/2023 ET)
Compare
Today's Range
$42.24
$42.89
50-Day Range
$37.14
$44.13
52-Week Range
$27.53
$47.48
Volume
2.41 million shs
Average Volume
3.38 million shs
Market Capitalization
$9.86 billion
P/E Ratio
11.56
Dividend Yield
2.82%
Price Target
$48.29

Tapestry MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
13.6% Upside
$48.29 Price Target
Short Interest
Healthy
4.32% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.48mentions of Tapestry in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.22%
From $3.88 to $4.16 Per Share

Overall MarketRank

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

2.47 out of 5 stars

Retail/Wholesale Sector

46th out of 209 stocks

Leather & Leather Products Industry

1st out of 3 stocks


TPR stock logo

About Tapestry (NYSE:TPR) Stock

Tapestry, Inc. engages in the provision of luxury accessories and lifestyle brands. It operates through the following segments: Coach, Kate Spade and Stuart Weitzman. The Coach segment consists of global sales of coach brand products to customers through coach operated stores, including the internet and concession shop-in-shops, and sales to wholesale customers, and through independent third party distributors. The Kate Spade segment focuses on Kate Spade New York brand products to customers through Kate Spade operated stores, including the Internet, sales to wholesale customers, through concession shop-in-shops and through independent third party distributors. The Stuart Weitzman segment comprises Stuart Weitzman brand products primarily through Stuart Weitzman operated stores. The company was founded by Dawn Hughes in 1941 and is headquartered in New York, NY.

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TPR Stock News Headlines

Tapestry, Inc. (TPR) To Go Ex-Dividend on June 8th
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
StockNews.com Initiates Coverage on Tapestry (NYSE:TPR)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Tapestry Target of Unusually High Options Trading (NYSE:TPR)
Bernstein Upgrades Tapestry (TPR)
Tapestry (NYSE:TPR) Issues FY 2023 Earnings Guidance
Tapestry (NYSE:TPR) Price Target Raised to $47.00
Tapestry (NYSE:TPR) Announces Quarterly Earnings Results
S&P 500 Movers: DIS, TPR
Tapestry (TPR) Receives a Hold from Bernstein
5 Analysts Have This to Say About Tapestry
See More Headlines

TPR Price History

TPR Company Calendar

Ex-Dividend for 3/27 Dividend
3/09/2023
Dividend Payable
3/27/2023
Last Earnings
5/11/2023
Today
6/08/2023
Ex-Dividend for 6/26 Dividend
6/08/2023
Dividend Payable
6/26/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/17/2023

Industry, Sector and Symbol

Industry
Leather & leather products
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
18975410
Employees
18,100
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$48.29
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+13.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$856.30 million
Pretax Margin
16.57%

Debt

Sales & Book Value

Annual Sales
$6.68 billion
Cash Flow
$4.53 per share
Book Value
$9.08 per share

Miscellaneous

Free Float
229,920,000
Market Cap
$9.86 billion
Optionable
Optionable
Beta
1.46

Social Links


Key Executives

  • Joanne C. CrevoiseratJoanne C. Crevoiserat
    President, Chief Executive Officer & Director
  • Scott A. Roe
    Chief Operating & Financial Officer
  • Ashish Parmar
    Chief Information Officer & Senior Vice President
  • Leonard Todd Kahn
    President & Chief Executive Officer-Coach Brand
  • Noam Paransky
    Chief Innovation & Omni Officer













TPR Stock - Frequently Asked Questions

Should I buy or sell Tapestry stock right now?

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.
View TPR analyst ratings
or view top-rated stocks.

What is Tapestry's stock price forecast for 2023?

17 Wall Street analysts have issued 12-month price targets for Tapestry's stock. Their TPR share price forecasts range from $40.00 to $55.00. On average, they anticipate the company's stock price to reach $48.29 in the next twelve months. This suggests a possible upside of 13.6% 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 shares have increased by 11.7% and is now trading at $42.53.
View the best growth stocks for 2023 here
.

When is Tapestry's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our TPR earnings forecast
.

How were Tapestry's earnings last quarter?

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 analysts' expectations of $1.44 billion. Tapestry had a net margin of 13.51% and a trailing twelve-month return on equity of 39.88%. During the same quarter last year, the company earned $0.51 earnings per share.

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

Tapestry announced a quarterly dividend on Friday, May 19th. Investors of record on Friday, June 9th will be paid a dividend of $0.30 per share on Monday, June 26th. This represents a $1.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for TPR
.

Is Tapestry a good dividend stock?

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.84%. 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.

How will Tapestry's stock buyback program work?

Tapestry announced that its board has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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

Tapestry issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of $3.85-$3.90 for the period, compared to the consensus earnings per share 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.

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 many different retail and institutional investors. Top institutional investors 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.
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 $42.53.

How much money does Tapestry make?

Tapestry (NYSE:TPR) has a market capitalization of $9.86 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.

How many employees does Tapestry have?

The company employs 18,100 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 6/9/2023 by MarketBeat.com Staff

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