NYSE:TPR - Tapestry Stock Price, News, & Analysis

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$40.78 -0.31 (-0.75 %)
(As of 11/15/2018 01:37 PM ET)
Previous Close$41.09
Today's Range$40.17 - $40.90
52-Week Range$39.28 - $55.50
Volume144,249 shs
Average Volume3.11 million shs
Market Capitalization$11.96 billion
P/E Ratio15.56
Dividend Yield3.27%
Beta0.7
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. It also provides women's footwear; eyewear, such as sunglasses; jewelry comprising bracelets, necklaces, rings, and earrings; fragrances and watches; various women's seasonal lifestyle apparel collections that include outerwear; and ready-to-wear and cold weather accessories, which comprise gloves, scarves, and hats. In addition, the company offers kids ready-to-wear items; housewares and home accessories, including fashion bedding and tableware; and stationery and gifts, as well as weekend accessories and other lifestyle products. Further, the company licenses rights to market and distribute its eyewear, watches, and fragrances under the Coach brand; and fashion bedding, eyewear, footwear, tableware, stationery and gift, tech accessories, and watches under the Kate Spade brand. It sells its products to consumers through a network of Coach, Kate Spade, and Stuart Weitzman operated stores, including the Internet and concession shop-in-shops; and wholesale customers, as well as through independent third party distributors. As of June 30, 2018, the company operated 1,432 stores. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
Current SymbolNYSE:TPR
Previous Symbol
CUSIP18975410
Phone212-594-1850

Debt

Debt-to-Equity Ratio0.48
Current Ratio2.74
Quick Ratio1.83

Price-To-Earnings

Trailing P/E Ratio15.56
Forward P/E Ratio14.67
P/E Growth1.27

Sales & Book Value

Annual Sales$5.88 billion
Price / Sales2.01
Cash Flow$3.5034 per share
Price / Cash11.64
Book Value$11.42 per share
Price / Book3.57

Profitability

EPS (Most Recent Fiscal Year)$2.63
Net Income$397.50 million
Net Margins9.00%
Return on Equity24.73%
Return on Assets11.39%

Miscellaneous

Employees20,800
Outstanding Shares289,800,000
Market Cap$11.96 billion
OptionableOptionable

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 declared a quarterly dividend on Wednesday, August 15th. Investors of record on Friday, September 7th will be given a dividend of $0.3375 per share on Monday, October 1st. This represents a $1.35 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 6th. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) announced its quarterly earnings data on Tuesday, October, 30th. The luxury accessories retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The luxury accessories retailer had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.35 billion. Tapestry had a return on equity of 24.73% and a net margin of 9.00%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. View Tapestry's Earnings History.

When is Tapestry's next earnings date?

Tapestry is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Tapestry.

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

Tapestry updated its FY19 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of $2.75-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.77. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.16 billion.Tapestry also updated its FY 2019 guidance to $2.75-2.80 EPS.

What price target have analysts set for TPR?

27 brokers have issued 1 year price targets for Tapestry's shares. Their forecasts range from $44.00 to $65.00. On average, they anticipate Tapestry's stock price to reach $54.0769 in the next year. This suggests a possible upside of 32.6% 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 9 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, "Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The buyouts of Stuart Weitzman and Kate Spade are viewed as a major step toward becoming a multi-brand company. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts have not only aided the stock to outpace the industry in the past three months but also helped post better-than-expected fourth-quarter fiscal 2018 results, wherein both the top and bottom lines grew year over year. The company also provided an encouraging view for fiscal 2019. However, soft sales for Stuart Weitzman remains a concern, as earlier development and delivery delays hurt sales and margins. Nevertheless, management expects the segment’s top-line to return to growth in the second quarter." (8/17/2018)
  • 2. Guggenheim analysts commented, "We reiterate TPR as our Best Idea and increase our PT to $65 from $55. Our 3Q EPS estimate of $0.51 is $0.01 above consensus, and we remain comfortable with the Coach brand’s global +LSD comp sales growth trajectory following a strong 2Q in which the company rebounded swiftly from logo-related inventory issues in 1Q. Importantly, we believe recent leadership appointments (Kate) and debt paydown (post-2Q end) support potential for additional M&A activity over the next 12 months. Our estimates are unchanged ahead of the report. In 3Q, we forecast total revenue growth of 30% to $1.3bn and EPS of $0.51 ($0.01 above consensus). Our top-line forecast includes a +LSD global comp sales increase for the Coach brand and a ~$245mn revenue contribution from Kate Spade. We expect Coach brand momentum to continue in 2H18 (following a 4+% NA comp in 2Q), as marketing/ product innovation remains solid, led by Selena Gomez." (4/27/2018)

Has Tapestry been receiving favorable news coverage?

News coverage about TPR stock has trended somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog 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 media sentiment score of 2.0 on InfoTrie's scale. They also assigned news articles about the luxury accessories retailer a news buzz of 7.0 out of 10, indicating that recent media coverage is likely to have an impact on the company's share price in the next several days.

Who are some of Tapestry's key competitors?

Who are Tapestry's key executives?

Tapestry's management team includes the folowing people:
  • Mr. Victor Luis, CEO & Director (Age 52)
  • Mr. Todd Kahn, Pres, Chief Admin. Officer, Chief Legal Officer & Sec. (Age 54)
  • Mr. Kevin G. Wills, Chief Financial Officer (Age 52)
  • Mr. Ian M. Bickley, Pres of Global Bus. Devel. & Strategic Alliances (Age 54)
  • Mr. Joshua G. Schulman, CEO & Brand Pres of Coach (Age 47)

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.27%), American International Group Inc. (3.87%), American Century Companies Inc. (2.47%), FMR LLC (2.23%), Renaissance Technologies LLC (1.70%) and Bank of New York Mellon Corp (1.34%). Company insiders that own Tapestry stock include Andre Cohen, Annabelle Yu Long, Brian Satenstein, Ian Bickley, Ivan Menezes, Melinda Brown, 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 FMR LLC, Renaissance Technologies LLC, Jennison Associates LLC, American Century Companies Inc., Mitsubishi UFJ Trust & Banking Corp, American International Group Inc., CI Investments Inc. and The Manufacturers Life Insurance Company . Company insiders that have sold Tapestry company stock in the last year include Brian Satenstein, Ian Bickley, Ivan Menezes, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Insider Buying and Selling for Tapestry.

Which major investors are buying Tapestry stock?

TPR stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Janus Henderson Group PLC, Scopus Asset Management L.P., Deutsche Bank AG, Scout Investments Inc., BlackRock Inc., Carillon Tower Advisers Inc. and Swiss National Bank. 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, Scottrade, Fidelity and Charles Schwab.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $40.78.

How big of a company is Tapestry?

Tapestry has a market capitalization of $11.96 billion and generates $5.88 billion in revenue each year. The luxury accessories retailer earns $397.50 million in net income (profit) each year or $2.63 on an earnings per share basis. Tapestry employs 20,800 workers across the globe.

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 212-594-1850.


MarketBeat Community Rating for Tapestry (NYSE TPR)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,308 (Vote Outperform)
Underperform Votes:  1,005 (Vote Underperform)
Total Votes:  2,313
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 11/15/2018 by MarketBeat.com Staff

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