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

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$31.53 +0.69 (+2.24 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$30.84
Today's Range$30.8250 - $31.91
52-Week Range$30.05 - $55.50
Volume5.49 million shs
Average Volume4.19 million shs
Market Capitalization$9.14 billion
P/E Ratio11.99
Dividend Yield4.38%
Beta0.71
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

Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
CUSIP18975410
Phone212-594-1850

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.88 billion
Cash Flow$3.4346 per share
Book Value$11.27 per share

Profitability

Net Income$397.50 million

Miscellaneous

Employees13,000
Market Cap$9.14 billion
Next Earnings Date5/7/2019 (Estimated)
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 announced a quarterly dividend on Friday, February 22nd. Shareholders of record on Friday, March 8th will be paid a dividend of $0.3375 per share on Monday, April 1st. This represents a $1.35 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, March 7th. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) announced its quarterly earnings data on Thursday, February, 7th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.11 by $0.04. The luxury accessories retailer had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.86 billion. Tapestry had a return on equity of 23.84% and a net margin of 12.18%. Tapestry's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 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, May 7th 2019. View Earnings Estimates for Tapestry.

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

Tapestry issued an update on its FY19 earnings guidance on Thursday, February, 7th. The company provided earnings per share guidance of $2.55-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.78. Tapestry also updated its FY 2019 guidance to $2.55-2.60 EPS.

What price target have analysts set for TPR?

30 brokers have issued 12 month price targets for Tapestry's shares. Their forecasts range from $40.00 to $63.00. On average, they anticipate Tapestry's stock price to reach $50.1852 in the next twelve months. This suggests a possible upside of 59.2% from the stock's current price. View Analyst Price Targets for Tapestry.

What is the consensus analysts' recommendation for Tapestry?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 7 hold ratings and 23 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 slid and underperformed the industry in the past three months. The stock came under pressure following the company’s lower-than-expected second-quarter fiscal 2019 results and soft view. While overall net sales improved marginally, earnings came in line with the year-ago period. The company’s performance did not live up to its expectation on account of volatile macroeconomic environment and geopolitical issues. Moreover, fall in Kate Spade sales was also not well perceived. Although management expects comps for the segment to improve in the second half, analysts remain skeptical about the turnaround. Further, Tapestry expects operating income and earnings per share to fall in the third quarter. Significant increase in SG&A expenses may be cited as one of the reasons behind the same. Nevertheless, we cannot ignore the company’s transformation initiatives revolving around product, stores and marketing." (4/18/2019)
  • 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?

Media stories about TPR stock have been trending positive this week, according to InfoTrie. InfoTrie rates the sentiment of press coverage by reviewing 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 nearest to five being the most favorable. Tapestry earned a daily sentiment score of 2.5 on InfoTrie's scale. They also gave news coverage about the luxury accessories retailer a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.

Who are some of Tapestry's key competitors?

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), Cisco Systems (CSCO), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), QUALCOMM (QCOM), Starbucks (SBUX), Ford Motor (F), Mcdonald's (MCD), CVS Health (CVS) and Home Depot (HD).

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 institutional and retail investors. Top institutional investors include Global Thematic Partners LLC (0.61%), Retirement Systems of Alabama (0.20%), Scout Investments Inc. (0.17%), Investec Asset Management LTD (0.13%), Ingalls & Snyder LLC (0.11%) and Pennsylvania Trust Co (0.10%). Company insiders that own Tapestry stock include Andre Cohen, 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 institutional investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Greylin Investment Mangement Inc., Portland Hill Asset Management Ltd, Exane Derivatives, Investec Asset Management LTD, CWM LLC, Brinker Capital Inc. and DNB Asset Management AS. Company insiders that have sold Tapestry company stock in the last year include Brian Satenstein, Ian Bickley and Ivan Menezes. View Insider Buying and Selling for Tapestry.

Which institutional investors are buying Tapestry stock?

TPR stock was purchased by a variety of institutional investors in the last quarter, including Global Thematic Partners LLC, Scout Investments Inc., Pennsylvania Trust Co, Pennsylvania Trust Co, Retirement Systems of Alabama, Strs Ohio, Hennessy Advisors Inc. and Ingalls & Snyder 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, Scottrade, Fidelity and Charles Schwab.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $31.53.

How big of a company is Tapestry?

Tapestry has a market capitalization of $9.14 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 13,000 workers across the globe.

What is Tapestry's official website?

The official website for Tapestry is http://www.coach.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:  1,365 (Vote Outperform)
Underperform Votes:  1,059 (Vote Underperform)
Total Votes:  2,424
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 4/24/2019 by MarketBeat.com Staff

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