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

$26.94

+0.18 (+0.67 %)

(As of 11/18/2019 04:00 PM ET)

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Today's Range

$26.27

Now: $26.94▼

$27.02

50-Day Range

$24.50

MA: $25.95▼

$27.23

52-Week Range

$18.54

Now: $26.94▼

$41.06

Volume3.56 million shs

Average Volume4.49 million shs

Market Capitalization$7.43 billion

P/E Ratio10.48

Dividend Yield5.17%

Beta1.02

Tapestry, Inc provides luxury accessories and lifestyle brands in the United States, Japan, China, Hong Kong, Macau, East Asia, Europe, Canada, Taiwan, South Korea, Malaysia, and Singapore. It operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, travel accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, travel organizers, belts, footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Leather & leather products

Sub-IndustryApparel Accessories & Luxury Goods

SectorRetail/Wholesale

Current SymbolNYSE:TPR

Previous Symbol

CUSIP18975410

CIK1116132

Webhttp://www.tapestry.com/

Phone212-946-8400

Debt

Debt-to-Equity Ratio1.15

Current Ratio1.82

Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio10.48

Forward P/E Ratio10.73

P/E Growth1.12

Sales & Book Value

Annual Sales$6.03 billion

Price / Sales1.23

Cash Flow$3.62 per share

Price / Cash Flow7.44

Book Value$11.19 per share

Price / Book2.41

Profitability

EPS (Most Recent Fiscal Year)$2.57

Net Income$643.40 million

Net Margins9.01%

Return on Equity21.17%

Return on Assets9.80%

Miscellaneous

Employees21,000

Outstanding Shares275,940,000

Market Cap$7.43 billion

Next Earnings Date2/6/2020 (Estimated)

OptionableOptionable

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Tapestry (NYSE:TPR) Frequently Asked Questions

What is Tapestry's stock symbol?

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

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

Tapestry announced a quarterly dividend on Thursday, November 14th. Shareholders of record on Friday, December 6th will be given a dividend of $0.338 per share on Monday, December 30th. This represents a $1.35 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Thursday, December 5th. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) announced its earnings results on Tuesday, November, 5th. The luxury accessories retailer reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The luxury accessories retailer earned $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. Tapestry had a net margin of 9.01% and a return on equity of 21.17%. The business's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. View Tapestry's Earnings History.

When is Tapestry's next earnings date?

Tapestry is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Tapestry.

What price target have analysts set for TPR?

27 brokerages have issued 12 month target prices for Tapestry's shares. Their forecasts range from $22.00 to $52.00. On average, they anticipate Tapestry's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price. View Analyst Price Targets for Tapestry.

What is the consensus analysts' recommendation for Tapestry?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 14 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Tapestry.

What are Wall Street analysts saying about Tapestry stock?

Here are some recent quotes from research analysts about Tapestry stock:

1. According to Zacks Investment Research, "Shares of Tapestry have fallen and underperformed the industry in the past three months. The stock came under pressure following the company’s fourth-quarter fiscal 2019 results, wherein earnings came in line but net sales fell short of the Zacks Consensus Estimate for the third quarter in row. The quarter is characterized by challenging retail backdrop in North America, unfavorable currency movements, soft margins and weakness in Kate Spade brand. Clearly, these compelled management to trim earnings forecast for fiscal 2020 and provide a disappointing first-quarter view. Softness in Kate Spade is likely to persist in the near term and may hurt Tapestry’s sales. Management expects Kate Spade comps to decline in high-teens rate during the first quarter based on the current traffic trend as well as product and merchandising challenges." (10/28/2019)
2. Guggenheim analysts commented, "We visited several Kate Spade store locations in NYC on Monday (1/28) to check in on new Glass’ new product line. Ms. Glass’ new product has been in store for a few days and hit online Monday. Overall, we came away encouraged by our store checks and the product. Tapestry is scheduled to report 2Q19 earnings on Feb 7, BMO. We remain comfortable with our 2QE EPS of $1.11, in-line with consensus. At 12x our FY20E EPS (~25% discount to historical averages), with trends appearing on track, we believe the risk/reward remains favorable; TPR remains our Best Idea." (1/29/2019)

Has Tapestry been receiving favorable news coverage?

News coverage about TPR stock has trended very negative on Monday, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tapestry earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned media headlines about the luxury accessories retailer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Tapestry.

Are investors shorting Tapestry?

Tapestry saw a decrease in short interest in October. As of October 15th, there was short interest totalling 13,450,000 shares, a decrease of 10.8% from the September 15th total of 15,080,000 shares. Based on an average daily trading volume, of 5,870,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.7% of the shares of the stock are short sold. View Tapestry's Current Options Chain.

Who are some of Tapestry's key competitors?

Some companies that are related to Tapestry include VF (VFC), Ralph Lauren (RL), PVH (PVH), Columbia Sportswear (COLM), Hanesbrands (HBI), Michael Kors (KORS), Carter's (CRI), G-III Apparel Group (GIII), Oxford Industries (OXM), Movado Group (MOV), Fossil Group (FOSL), Vera Bradley (VRA), Delta Apparel (DLA), Iconix Brand Group (ICON) and Maidenform Brands (MFB).

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), Gilead Sciences (GILD), Cisco Systems (CSCO), AT&T (T), Ford Motor (F), Wells Fargo & Co (WFC), Bank of America (BAC), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Starbucks (SBUX).

Who are Tapestry's key executives?

Tapestry's management team includes the folowing people:

Mr. Victor Luis, CEO & Director (Age 53)
Mr. Todd Kahn, Pres, Chief Admin. Officer, Chief Legal Officer & Sec. (Age 55)
Mr. Joshua G. Schulman, CEO & Brand Pres of Coach (Age 48)
Ms. Andrea Shaw Resnick, Interim CFO, Global Head of Investor Relations & Corp. Communications (Age 58)
Mr. Brian Satenstein, VP, Controller & Principal Accounting Officer (Age 40)

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include ANTIPODES PARTNERS Ltd (1.23%), Global Thematic Partners LLC (0.42%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Poplar Forest Capital LLC (0.40%), Perpetual Ltd (0.28%) and Retirement Systems of Alabama (0.24%). Company insiders that own Tapestry stock include Annabelle Yu Long, Brian Satenstein, Darrell Cavens, Ian Bickley, Ivan Menezes, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Institutional Ownership Trends for Tapestry.

Which major investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including ANTIPODES PARTNERS Ltd, Global Thematic Partners LLC, Perpetual Ltd, First Trust Advisors LP, CWM LLC, Strs Ohio, Envestnet Asset Management Inc. and Poplar Forest Capital LLC. View Insider Buying and Selling for Tapestry.

Which major investors are buying Tapestry stock?

TPR stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Artemis Investment Management LLP, SG Americas Securities LLC, State of New Jersey Common Pension Fund D, Oxbow Advisors LLC, Howe & Rusling Inc., Railway Pension Investments Ltd and State of Alaska Department of Revenue. View Insider Buying and Selling for Tapestry.

How do I buy shares of Tapestry?

Shares of TPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $26.94.

How big of a company is Tapestry?

Tapestry has a market capitalization of $7.43 billion and generates $6.03 billion in revenue each year. The luxury accessories retailer earns $643.40 million in net income (profit) each year or $2.57 on an earnings per share basis. Tapestry employs 21,000 workers across the globe.View Additional Information About Tapestry.

What is Tapestry's official website?

The official website for Tapestry is http://www.tapestry.com/.

How can I contact Tapestry?

Tapestry's mailing address is 10 HUDSON YARDS, NEW YORK NY, 10001. The luxury accessories retailer can be reached via phone at 212-946-8400.

MarketBeat Community Rating for Tapestry (NYSE TPR)

Community Ranking:		2.8 out of 5 ( )
Outperform Votes:		1,423 (Vote Outperform)
Underperform Votes:		1,119 (Vote Underperform)
Total Votes:		2,542

MarketBeat's community ratings are surveys of what our community members think about Tapestry and other stocks. Vote "Outperform" if you believe TPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TPR will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 11/18/2019 by MarketBeat.com Staff

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