Tapestry (TPR) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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 (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.

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.

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.

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 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.

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 $28.10.

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.

The company employs 18,500 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.