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NYSE:TPRTapestry Stock Price, Forecast & News

$14.47
+1.43 (+10.97 %)
(As of 04/8/2020 08:07 AM ET)
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Today's Range
$13.98
Now: $14.47
$15.13
50-Day Range
$10.58
MA: $18.41
$29.21
52-Week Range
$10.18
Now: $14.47
$36.06
Volume8.64 million shs
Average Volume5.18 million shs
Market Capitalization$3.99 billion
P/E Ratio7.02
Dividend Yield10.35%
Beta1.38
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.02 out of 5 stars


Industry, Sector and Symbol

Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
CUSIP18975410
Phone212-946-8400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.03 billion
Cash Flow$4.58 per share
Book Value$12.11 per share

Profitability

Net Income$643.40 million

Miscellaneous

Employees21,000
Market Cap$3.99 billion
Next Earnings Date5/14/2020 (Estimated)
OptionableOptionable

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Tapestry (NYSE:TPR) Frequently Asked Questions

How has Tapestry's stock been impacted by COVID-19 (Coronavirus)?

Tapestry's stock was trading at $17.57 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TPR stock has decreased by 17.6% and is now trading at $14.47. View which stocks have been mosted impacted by Coronavirus.

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 16 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Tapestry.

When is Tapestry's next earnings date?

Tapestry is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for Tapestry.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) issued its earnings results on Thursday, February, 6th. The luxury accessories retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.11. The luxury accessories retailer had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Tapestry had a return on equity of 21.24% and a net margin of 9.72%. The firm's revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. 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. Stockholders of record on Friday, March 6th will be given a dividend of $0.3375 per share on Monday, March 30th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date is Thursday, March 5th. View Tapestry's dividend history.

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

Tapestry updated its FY20 earnings guidance on Thursday, February, 6th. The company provided EPS guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.51. The company issued revenue guidance of $5.9 billion, compared to the consensus revenue estimate of $6.11 billion.

What price target have analysts set for TPR?

26 brokerages have issued 12 month price targets for Tapestry's shares. Their forecasts range from $13.00 to $41.00. On average, they anticipate Tapestry's share price to reach $26.20 in the next year. This suggests a possible upside of 81.1% from the stock's current price. View analysts' price targets for Tapestry.

Has Tapestry been receiving favorable news coverage?

News headlines about TPR stock have been trending very negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tapestry earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned press coverage about the luxury accessories retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTapestry.

Are investors shorting Tapestry?

Tapestry saw a increase in short interest in March. As of March 13th, there was short interest totaling 9,028,400 shares, an increase of 6.7% from the February 27th total of 8,460,000 shares. Based on an average daily volume of 4,210,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.3% of the company's shares are short sold. View Tapestry's Current Options Chain.

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 Gilead Sciences (GILD), Intel (INTC), Cisco Systems (CSCO), AT&T (T), Exxon Mobil (XOM), Ford Motor (F), Pfizer (PFE), Verizon Communications (VZ), Wells Fargo & Co (WFC) and Bank of America (BAC).

Who are Tapestry's key executives?

Tapestry's management team includes the following 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)

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 many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%). Company insiders that own Tapestry stock include Annabelle Yu Long, Brian Satenstein, Darrell Cavens, Ian Bickley, Ivan Menezes and Sarah Dunn. View institutional ownership trends for Tapestry.

Which major investors are buying Tapestry stock?

TPR stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $14.47.

How big of a company is Tapestry?

Tapestry has a market capitalization of $3.99 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 212-946-8400.

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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