Tapestry Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Tapestry stock.
View analyst ratings for Tapestry or view top-rated stocks.

14 Wall Street analysts have issued 1-year price targets for Tapestry's stock. Their TPR stock forecasts range from $36.00 to $63.00. On average, they predict Tapestry's stock price to reach $48.12 in the next twelve months. This suggests a possible upside of 57.7% from the stock's current price.
View analysts' price targets for Tapestry or view top-rated stocks among Wall Street analysts.

Tapestry's stock was trading at $40.60 at the beginning of the year. Since then, TPR shares have decreased by 24.8% and is now trading at $30.52.
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Tapestry saw a decline in short interest in the month of May. As of May 31st, there was short interest totaling 7,210,000 shares, a decline of 19.5% from the May 15th total of 8,960,000 shares. Based on an average trading volume of 4,400,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.9% of the shares of the stock are short sold.
View Tapestry's Short Interest.

Tapestry is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our earnings forecast for Tapestry.

Tapestry, Inc. (NYSE:TPR) released its quarterly earnings data on Thursday, May, 12th. The luxury accessories retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.40 by $0.11. The luxury accessories retailer had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Tapestry had a net margin of 12.99% and a trailing twelve-month return on equity of 32.07%. Tapestry's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS.
View Tapestry's earnings history.

Tapestry declared a quarterly dividend on Thursday, May 12th. Shareholders of record on Friday, June 3rd will be given a dividend of $0.25 per share on Monday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Tapestry's dividend history.

Tapestry(NYSE:TPR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.20%. The dividend payout ratio of Tapestry is 32.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tapestry will have a dividend payout ratio of 25.25% next year. This indicates that Tapestry will be able to sustain or increase its dividend.
View Tapestry's dividend history.

Tapestry declared that its board has initiated a share repurchase plan on Thursday, May 12th 2022, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 18% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Tapestry issued an update on its FY 2022 earnings guidance on Thursday, June, 9th. The company provided EPS guidance of $3.45-$3.45 for the period, compared to the consensus earnings per share estimate of $3.62. The company issued revenue guidance of $6.70 billion-$6.70 billion, compared to the consensus revenue estimate of $6.75 billion.

34 employees have rated Tapestry CEO Todd Kahn on Glassdoor.com. Todd Kahn has an approval rating of 84% among Tapestry's employees.

Some companies that are related to Tapestry include V.F. (VFC), Ralph Lauren (RL), Columbia Sportswear (COLM), PVH (PVH), Hanesbrands (HBI), Carter's (CRI), Oxford Industries (OXM), G-III Apparel Group (GIII), Movado Group (MOV), Fossil Group (FOSL), Delta Apparel (DLA), Vera Bradley (VRA) and Boardriders (ZQKSQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Tapestry investors own include Intel (INTC), AT&T (T), Wells Fargo (WFC), Ford Motor (F), Exxon Mobil (XOM), Gilead Sciences (GILD), QUALCOMM (QCOM), Pfizer (PFE), Capri (CPRI) and Cisco Systems (CSCO).

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

Shares of TPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TPR stock can currently be purchased for approximately $30.52.

Tapestry (NYSE:TPR) has a market capitalization of $7.68 billion and generates $5.75 billion in revenue each year. The luxury accessories retailer earns $834.20 million in net income (profit) each year or $3.10 on an earnings per share basis.

Tapestry employs 16,400 workers across the globe.

Tapestry was founded in 1941.

Tapestry's mailing address is 10 HUDSON YARDS, NEW YORK NY, 10001. The official website for Tapestry is www.tapestry.com. The luxury accessories retailer can be reached via phone at (212) 946-8400, via email at [email protected], or via fax at 212-594-1682.