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NYSE:TPR

Tapestry Stock Forecast, Price & News

$28.36
+0.04 (+0.14 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$28.10
Now: $28.36
$28.96
50-Day Range
$18.92
MA: $24.34
$30.12
52-Week Range
$10.18
Now: $28.36
$30.40
Volume4.58 million shs
Average Volume5.72 million shs
Market Capitalization$7.87 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.32
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, China, Hong Kong, Macau, Taiwan, Europe, Canada, South Korea, Malaysia, Singapore, Australia, and New Zealand. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. It also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men. In addition, the company offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections that include outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, it provides ready-to-wear and footwear items for kids; fashion bedding and tableware; and stationery and gifts. Additionally, the company licenses rights to market and distribute its eyewear, watches, fragrances, and tech accessories under the Coach brand; and fashion beddings, tableware, eyewear, watches, stationery and gifts, and tech accessories under the Kate Spade brand. It sells its products to consumers through a network of 958 Coach stores, 420 Kate Spade stores, and 131 Stuart Weitzman stores, including the Internet and concession shop-in-shops; and wholesale customers, as well as through independent third party distributors. 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.
Tapestry logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
CUSIP18975410
Phone212-946-8400
Employees12,400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.96 billion
Cash Flow$2.66 per share
Book Value$8.24 per share

Profitability

Net Income$-652,100,000.00

Miscellaneous

Market Cap$7.87 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$28.36
+0.04 (+0.14 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tapestry (NYSE:TPR) Frequently Asked Questions

How has Tapestry's stock price been impacted by Coronavirus?

Tapestry's stock was trading at $17.57 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TPR shares have increased by 61.4% and is now trading at $28.36.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Tapestry?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 9 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Tapestry
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Tapestry?

Wall Street analysts have given Tapestry a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tapestry wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Tapestry's next earnings date?

Tapestry is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Tapestry
.

How were Tapestry's earnings last quarter?

Tapestry, Inc. (NYSE:TPR) announced its quarterly earnings data on Thursday, October, 29th. The luxury accessories retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.36. The luxury accessories retailer earned $1.17 billion during the quarter, compared to the consensus estimate of $1.06 billion. Tapestry had a negative net margin of 13.14% and a positive return on equity of 9.65%. The business's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share.
View Tapestry's earnings history
.

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

Tapestry announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.3375 per share on Monday, March 30th. This represents a $1.35 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Thursday, March 5th.
View Tapestry's dividend history
.

What price target have analysts set for TPR?

26 equities research analysts have issued 1 year target prices for Tapestry's shares. Their forecasts range from $15.00 to $35.00. On average, they expect Tapestry's share price to reach $24.41 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
View analysts' price targets for Tapestry
.

Are investors shorting Tapestry?

Tapestry saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 10,140,000 shares, a decline of 12.1% from the October 31st total of 11,530,000 shares. Based on an average trading volume of 6,090,000 shares, the short-interest ratio is presently 1.7 days. Approximately 3.7% of the shares of the company are sold short.
View Tapestry's Short Interest
.

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), 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).

Who are Tapestry's key executives?

Tapestry's management team includes the following people:
  • Ms. Joanne C. Crevoiserat, Chief Exec. Officer (Age 56, Pay $1.63M)
  • Mr. Todd Kahn, Pres, Chief Admin. Officer and Interim CEO & Brand Pres of Coach (Age 56, Pay $772.66k)
  • Ms. Andrea Shaw Resnick, Interim CFO and Global Head of IR & Corp. Communications (Age 59, Pay $628.08k)
  • Mr. Thomas A. Glaser, Chief Operations Officer (Age 59, Pay $1.03M)
  • Mr. Manesh B. Dadlani, VP, Principal Accounting Officer & Controller (Age 37)
  • Mr. David E. Howard, Sr. VP, Gen. Counsel & Sec. (Age 45)
  • Ms. Sarah Dunn, Global HR Officer (Age 60)
  • Ms. Jo Baldwin, Global Head of Creative Studio & VP
  • Ms. Caroline Deroche Pasquier, Sr. VP of Global PR and Communications
  • Mr. Peter Charles, Global Head of Supply Chain

What is Tapestry's stock symbol?

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

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.08%), State Street Corp (4.13%), Boston Partners (3.08%), Charles Schwab Investment Management Inc. (0.71%), JPMorgan Chase & Co. (0.56%) and Prentice Capital Management LP (0.54%). Company insiders that own Tapestry stock include Annabelle Yu Long, Darrell Cavens, John P Bilbrey and Sarah Dunn.
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 SG Americas Securities LLC, Voloridge Investment Management LLC, AQR Capital Management LLC, TD Asset Management Inc., Paloma Partners Management Co, Teacher Retirement System of Texas, Robeco Institutional Asset Management B.V., and Schonfeld Strategic Advisors LLC.
View insider buying and selling activity for Tapestry
.

Which major investors are buying Tapestry stock?

TPR stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Partners, Neuberger Berman Group LLC, Segall Bryant & Hamill LLC, Victory Capital Management Inc., Apollo Management Holdings L.P., Prentice Capital Management LP, and International Value Advisers LLC. Company insiders that have bought Tapestry stock in the last two years include Darrell Cavens, and John P Bilbrey.
View insider buying and selling activity 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 $28.36.

How big of a company is Tapestry?

Tapestry has a market capitalization of $7.87 billion and generates $4.96 billion in revenue each year. The luxury accessories retailer earns $-652,100,000.00 in net income (profit) each year or $0.97 on an earnings per share basis. Tapestry employs 12,400 workers across the globe.

What is Tapestry's official website?

The official website for Tapestry is 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.

This page was last updated on 12/2/2020 by MarketBeat.com Staff

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