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NYSE:TPR

Tapestry - TPR Stock Forecast, Price & News

$31.78
-0.08 (-0.25%)
(As of 10/6/2022 10:38 AM ET)
Add
Compare
Today's Range
$31.59
$32.29
50-Day Range
$28.43
$37.57
52-Week Range
$26.39
$47.05
Volume
19,647 shs
Average Volume
4.01 million shs
Market Capitalization
$7.69 billion
P/E Ratio
10.06
Dividend Yield
3.82%
Price Target
$47.44

Tapestry MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
49.1% Upside
$47.44 Price Target
Short Interest
Healthy
4.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.25mentions of Tapestry in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.68 M Sold Last Quarter
Proj. Earnings Growth
12.21%
From $3.85 to $4.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Retail/Wholesale Sector

10th out of 211 stocks

Leather & Leather Products Industry

1st out of 3 stocks

TPR stock logo

About Tapestry (NYSE:TPR) Stock

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It 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. The company 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, fragrances, sunglasses, novelty accessories, and ready-to-wear for men. In addition, it offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, the company provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, it licenses rights to market and distribute its tech and soft accessories, jewelry, watches, eyewear, and fragrances under the Coach brand; and tableware and housewares, fashion beddings, tech accessories, watches, sleepwear, eyewear, stationery and gifts, and fragrances under the Kate Spade brand. As of July 2, 2022, the company operated through a network of 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. It sells its products through e-commerce sites 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.

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TPR Stock News Headlines

Tapestry (NYSE:TPR) Rating Increased to B- at TheStreet
Tapestry (TPR) Stock Moves -1.36%: What You Should Know
Credit Suisse Appears To Approve Tapestry's Growth Targets
See More Headlines
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TPR Company Calendar

Last Earnings
8/18/2022
Ex-Dividend for 9/26 Dividend
9/08/2022
Dividend Payable
9/26/2022
Today
10/06/2022
Next Earnings (Estimated)
11/10/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Leather & leather products
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
18975410
Employees
18,100
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$47.44
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+49.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$856.30 million
Pretax Margin
15.66%

Debt

Sales & Book Value

Annual Sales
$6.68 billion
Cash Flow
$4.55 per share
Book Value
$9.08 per share

Miscellaneous

Free Float
238,661,000
Market Cap
$7.69 billion
Optionable
Optionable
Beta
1.36

Social Links


Key Executives

  • Ms. Joanne C. CrevoiseratMs. Joanne C. Crevoiserat (Age 58)
    Pres, CEO & Director
    Comp: $5.55M
  • Mr. Todd KahnMr. Todd Kahn (Age 58)
    CEO & Brand Pres of Coach
    Comp: $3.26M
  • Mr. Scott A. Roe (Age 57)
    CFO & COO
    Comp: $317.6k
  • Ms. Andrea Shaw Resnick (Age 61)
    Chief Communications Officer
    Comp: $1.79M
  • Mr. Thomas A. GlaserMr. Thomas A. Glaser (Age 61)
    Exec. Officer
    Comp: $2.39M
  • Ms. Elizabeth Fraser (Age 59)
    CEO & Brand Pres of Kate Spade New York
    Comp: $2.6M
  • Mr. Manesh B. Dadlani (Age 39)
    VP, Principal Accounting Officer & Controller
  • Mr. Ashish Parmar (Age 46)
    Chief Information Officer
  • Ms. Christina Colone
    Global Head of Investor Relations
  • Mr. David E. HowardMr. David E. Howard (Age 47)
    Sr. VP, Gen. Counsel & Sec.













TPR Stock - Frequently Asked Questions

Should I buy or sell Tapestry stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPR shares.
View TPR analyst ratings
or view top-rated stocks.

What is Tapestry's stock price forecast for 2022?

16 brokers have issued twelve-month target prices for Tapestry's shares. Their TPR share price forecasts range from $35.00 to $63.00. On average, they predict the company's stock price to reach $47.44 in the next twelve months. This suggests a possible upside of 49.3% from the stock's current price.
View analysts price targets for TPR
or view top-rated stocks among Wall Street analysts.

How have TPR shares performed in 2022?

Tapestry's stock was trading at $40.60 at the beginning of the year. Since then, TPR stock has decreased by 21.7% and is now trading at $31.78.
View the best growth stocks for 2022 here
.

Are investors shorting Tapestry?

Tapestry saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,640,000 shares, an increase of 25.2% from the August 15th total of 6,900,000 shares. Based on an average daily volume of 3,530,000 shares, the short-interest ratio is presently 2.4 days. Currently, 3.6% of the shares of the stock are short sold.
View Tapestry's Short Interest
.

When is Tapestry's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our TPR earnings forecast
.

How were Tapestry's earnings last quarter?

Tapestry, Inc. (NYSE:TPR) announced its quarterly earnings data on Thursday, August, 18th. The luxury accessories retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The luxury accessories retailer earned $1.62 billion during the quarter, compared to analysts' expectations of $1.64 billion. Tapestry had a trailing twelve-month return on equity of 34.37% and a net margin of 12.81%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share.
Read the conference call transcript
.

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

Tapestry declared a quarterly dividend on Thursday, August 18th. Investors of record on Friday, September 9th will be paid a dividend of $0.30 per share on Monday, September 26th. This represents a $1.20 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, September 8th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for TPR
.

Is Tapestry a good dividend stock?

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 27.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

How will Tapestry's stock buyback program work?

Tapestry declared that its board has approved a share repurchase plan on Thursday, May 12th 2022, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 18% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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

Tapestry issued an update on its FY 2025 earnings guidance on Friday, September, 30th. The company provided earnings per share guidance of $5.00- for the period. The company issued revenue guidance of $8.00 billion-$8.00 billion.

What is Todd Kahn's approval rating as Tapestry's CEO?

34 employees have rated Tapestry Chief Executive Officer Todd Kahn on Glassdoor.com. Todd Kahn has an approval rating of 84% among the company's employees.

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).

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 number of institutional and retail investors. Top institutional investors include First Hawaiian Bank (0.01%). Insiders that own company stock include David E Howard, Ivan Menezes, Joanne C Crevoiserat, John P Bilbrey, Manesh Dadlani, Sarah Dunn, Thomas A Glaser and Todd Kahn.
View institutional ownership trends
.

How do I buy shares of Tapestry?

Shares of TPR stock 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.
Compare Top Brokerages Here.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $31.78.

How much money does Tapestry make?

Tapestry (NYSE:TPR) has a market capitalization of $7.69 billion and generates $6.68 billion in revenue each year. The luxury accessories retailer earns $856.30 million in net income (profit) each year or $3.16 on an earnings per share basis.

How many employees does Tapestry have?

The company employs 18,100 workers across the globe.

Does Tapestry have any subsidiaries?
The following companies are subsidiares of Tapestry: 17052011 Limited, 504-514 West 34th Street Corp., B.B. SAS, Coach (US) Partnership LLC, Coach Brasil Participações Ltda, Coach Consulting Dongguan Co. Ltd., Coach Holdings Partnership (UK) LP, Coach Hong Kong Limited, Coach IP Holdings LLC, Coach International Holdings Sàrl, Coach International Limited, Coach International UK Holdings Limited, Coach Italy S.r.l., Coach Japan Investments LLC, Coach Korea Limited, Coach Leatherware (Thailand) Ltd., Coach Leatherware India Private Limited, Coach Legacy Yards LLC, Coach Legacy Yards Lender LLC, Coach Luxembourg Financing S.a.r.l, Coach Malaysia SDN. BHD., Coach Management (Shanghai) Co. Ltd., Coach Manufacturing Limited, Coach Netherlands B.V., Coach New Zealand, Coach Operations Singapore Pte. Ltd., Coach Services Inc., Coach Shanghai Limited, Coach Singapore Pte. Ltd., Coach Spain S.L., Coach Stores Australia PTY LTD, Coach Stores Austria GmbH, Coach Stores Belgium, Coach Stores Canada Corporation, Coach Stores France SARL, Coach Stores Germany GmbH, Coach Stores Ireland Limited, Coach Stores Limited, Coach Stores Puerto Rico Inc., Coach Stores Switzerland GmbH, Coach Stores Unipessoal LDA, Coach Thailand Holdings LLC, Coach Vietnam Company Limited, Creaciones S.W. S.A., FNP Holdings LLC, Fifth & Pacific Companies Canada Inc, Fifth & Pacific Companies Cosmetics Inc., Fifth & Pacific Companies Foreign Holdings LLC, Hope Diamon S.L., IP Holdings 2017 LLC, Juicy Couture Inc., KS China Co. Ltd., KS HMT Co. Limited, Karucci LLC, Kate Spade & Company, Kate Spade & Company International Limited, Kate Spade Holdings LLC, Kate Spade LLC, Kate Spade Macau Limited, Kate Spade Puerto Rico LLC, Kate Spade Retail Hong Kong Limited, Kate Spade UK Ltd., Liz Foreign B.V., Lizzy Mae LLC, MFE Limited, Mocaroni S.L., Preparaciones y Moldeados SL, SW Luxembourg Holdings, SW-Italy LLC, Shanghai Kate Spade Trading Co. Ltd., Shoe Heaven S.L., Shoes By Stuart S.L.U., Stuart Weitzman Holdings LLC, Stuart Weitzman IP LLC, Stuart Weitzman International UK Holdings Limited, Stuart Weitzman Monaco S.A.R.L., Stuart Weitzman UK Holdings Limited, Sunburst S.L., Tapestry (Cambodia) Company Limited, Tapestry International US Holdings LLC, Tapestry Japan LLC, Tapestry Myanmar Limited, Tapestry Ventures International LLC, WCFL Holdings LLC, and Westcoast Contempo Fashions Limited.
Read More
How can I contact Tapestry?

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

This page (NYSE:TPR) was last updated on 10/6/2022 by MarketBeat.com Staff

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