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

$25.50

-0.02 (-0.08 %)

(As of 10/16/2019 04:00 PM ET)

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Today's Range

$25.33

Now: $25.50▼

$25.80

50-Day Range

$20.15

MA: $24.35▼

$26.33

52-Week Range

$18.54

Now: $25.50▼

$44.89

Volume4.18 million shs

Average Volume4.91 million shs

Market Capitalization$7.34 billion

P/E Ratio9.92

Dividend Yield5.29%

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/

Phone212-594-1850

Debt

Debt-to-Equity Ratio0.46

Current Ratio2.79

Quick Ratio1.94

Price-To-Earnings

Trailing P/E Ratio9.92

Forward P/E Ratio10.00

P/E Growth1.09

Sales & Book Value

Annual Sales$6.03 billion

Price / Sales1.22

Cash Flow$3.44 per share

Price / Cash Flow7.41

Book Value$12.11 per share

Price / Book2.11

Profitability

EPS (Most Recent Fiscal Year)$2.57

Net Income$643.40 million

Net Margins10.68%

Return on Equity21.64%

Return on Assets10.82%

Miscellaneous

Employees21,000

Outstanding Shares287,830,000

Market Cap$7.34 billion

Next Earnings Date10/29/2019 (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, August 15th. Shareholders of record on Friday, September 6th will be given a dividend of $0.338 per share on Monday, September 30th. This represents a $1.35 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, September 5th. This is a boost from Tapestry's previous quarterly dividend of $0.34. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) issued its quarterly earnings data on Thursday, August, 15th. The luxury accessories retailer reported $0.61 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.61. The luxury accessories retailer earned $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. Tapestry had a return on equity of 21.64% and a net margin of 10.68%. Tapestry's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 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 Tuesday, October 29th 2019. View Earnings Estimates for Tapestry.

What price target have analysts set for TPR?

28 analysts have issued 12 month target prices for Tapestry's stock. Their forecasts range from $22.00 to $52.00. On average, they expect Tapestry's stock price to reach $35.09 in the next year. This suggests a possible upside of 37.6% from the stock's current price. View Analyst Price Targets for Tapestry.

What is the consensus analysts' recommendation for Tapestry?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 12 hold ratings and 16 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, "Shares of Tapestry have outpaced the industry in the past three months. The stock got a boost following the company’s better-than-expected third-quarter fiscal 2019 bottom-line results. Also, the announcement of $1 billion share buyback program rejuvenates investors. The quarterly performance live-up to management’s expectations with both sales and gross margin improving on a constant currency basis in each of the three brands. The company also registered sequential improvement in comps at Kate Spade. Management anticipates to post positive comps at both Coach and Kate Spade and enhance profitability at Stuart Weitzman in the final quarter. It continues to envision fiscal 2019 sales growth at a low-to-mid-single-digit rate and earnings to fall year over year. Management expects SG&A deleverage in fiscal 2019 that may hurt margins." (8/6/2019)
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?

Press coverage about TPR stock has trended very positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive 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 news sentiment score of 3.3 on InfoTrie's scale. They also gave news stories about the luxury accessories retailer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Tapestry.

Are investors shorting Tapestry?

Tapestry saw a decline in short interest in September. As of September 30th, there was short interest totalling 15,080,000 shares, a decline of 5.4% from the August 30th total of 15,940,000 shares. Based on an average daily trading volume, of 5,680,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 5.3% of the shares of the company are sold short. View Tapestry's Current Options Chain.

Who are some of Tapestry's key competitors?

Some companies that are related to Tapestry include Mercadolibre (MELI), Dollar Tree (DLTR), AutoZone (AZO), Chipotle Mexican Grill (CMG), Fastenal (FAST), Expedia Group (EXPE), Kroger (KR), IAC/InterActiveCorp (IAC), Best Buy (BBY), Restaurant Brands International (QSR), Ctrip.Com International (CTRP), Yum China (YUMC), CarMax (KMX), Ulta Beauty (ULTA) and Darden Restaurants (DRI).

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), Wells Fargo & Co (WFC), Bank of America (BAC), Ford Motor (F), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ) and QUALCOMM (QCOM).

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 variety of of retail and institutional investors. Top institutional investors include Perpetual Ltd (0.28%), Ingalls & Snyder LLC (0.17%), Artemis Investment Management LLP (0.15%), State of Alaska Department of Revenue (0.07%), Hennessy Advisors Inc. (0.03%) and Pacer Advisors Inc. (0.03%). 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 institutional investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including Perpetual Ltd, Sumitomo Mitsui DS Asset Management Company Ltd, Exane Derivatives, Greylin Investment Mangement Inc., Hennessy Advisors Inc., Crossmark Global Holdings Inc. and Pacer Advisors Inc.. View Insider Buying and Selling for Tapestry.

Which institutional investors are buying Tapestry stock?

TPR stock was acquired by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, State of Alaska Department of Revenue, Ingalls & Snyder LLC, Winmill & CO. Inc., Meyer Handelman Co., Boltwood Capital Management, Cerebellum GP LLC and Cerebellum GP LLC. 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 $25.50.

How big of a company is Tapestry?

Tapestry has a market capitalization of $7.34 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 212-594-1850.

MarketBeat Community Rating for Tapestry (NYSE TPR)

Community Ranking:		2.8 out of 5 ( )
Outperform Votes:		1,415 (Vote Outperform)
Underperform Votes:		1,107 (Vote Underperform)
Total Votes:		2,522

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 10/16/2019 by MarketBeat.com Staff