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NYSE:TPR

Tapestry - TPR Stock Forecast, Price & News

$44.12
+0.06 (+0.14%)
(As of 01/27/2023 04:19 PM ET)
Add
Compare
Today's Range
$43.75
$44.38
50-Day Range
$34.56
$44.22
52-Week Range
$26.39
$44.47
Volume
2.14 million shs
Average Volume
3.35 million shs
Market Capitalization
$10.63 billion
P/E Ratio
14.01
Dividend Yield
2.72%
Price Target
$45.19

Tapestry MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
2.5% Upside
$45.19 Price Target
Short Interest
Healthy
3.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.54mentions of Tapestry in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$60,954 Sold Last Quarter
Proj. Earnings Growth
12.95%
From $3.63 to $4.10 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Retail/Wholesale Sector

28th out of 215 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

Will Canada Goose Stock Fly Higher for the Winter? (TPR)
Luxury outerwear apparel maker Canada Goose Holdings Inc. (NASDAQ: GOOS) stock sank (-52.5%) in 2022. The turnaround in China’s zero-COVID policy
Tapestry (NYSE:TPR) Raised to Buy at StockNews.com
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Tapestry, Inc. to Host FY23 Second Quarter Earnings Call
Tapestry (NYSE:TPR) Cut to "Equal Weight" at Barclays
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
TPR or FIGS: Which Is the Better Value Stock Right Now?
When Should You Buy Tapestry, Inc. (NYSE:TPR)?
See More Headlines
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TPR Company Calendar

Last Earnings
11/10/2022
Ex-Dividend for 12/27 Dividend
12/08/2022
Dividend Payable
12/27/2022
Today
1/27/2023
Next Earnings (Confirmed)
2/09/2023
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
$45.19
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$856.30 million
Pretax Margin
15.00%

Debt

Sales & Book Value

Annual Sales
$6.68 billion
Cash Flow
$4.54 per share
Book Value
$9.08 per share

Miscellaneous

Free Float
239,009,000
Market Cap
$10.63 billion
Optionable
Optionable
Beta
1.36

Social Links


Key Executives

  • Ms. Joanne C. CrevoiseratMs. Joanne C. Crevoiserat (Age 59)
    Pres, CEO & Director
    Comp: $5.74M
  • Mr. Todd KahnMr. Todd Kahn (Age 59)
    CEO & Brand Pres of Coach
    Comp: $3.12M
  • Mr. Scott A. Roe (Age 58)
    CFO & COO
    Comp: $3.34M
  • Ms. Elizabeth Fraser (Age 61)
    CEO & Brand Pres of Kate Spade New York
    Comp: $2.53M
  • Mr. Manesh B. Dadlani (Age 40)
    VP, Principal Accounting Officer & Controller
  • Mr. Ashish Parmar (Age 47)
    Chief Information Officer
  • Ms. Christina Colone
    Global Head of Investor Relations
  • Mr. David E. HowardMr. David E. Howard (Age 48)
    Gen. Counsel & Sec.
  • Ms. Andrea Shaw Resnick (Age 62)
    Chief Communications Officer
  • Ms. Jo Baldwin
    Global Head of Creative Studio & VP













TPR Stock - Frequently Asked Questions

Should I buy or sell Tapestry stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 4 hold ratings and 9 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 2023?

13 analysts have issued 12-month target prices for Tapestry's stock. Their TPR share price forecasts range from $36.00 to $62.00. On average, they predict the company's share price to reach $45.19 in the next twelve months. This suggests a possible upside of 2.6% 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 2023?

Tapestry's stock was trading at $38.08 on January 1st, 2023. Since then, TPR shares have increased by 15.7% and is now trading at $44.06.
View the best growth stocks for 2023 here
.

Are investors shorting Tapestry?

Tapestry saw a decrease in short interest in January. As of January 15th, there was short interest totaling 8,270,000 shares, a decrease of 19.8% from the December 31st total of 10,310,000 shares. Based on an average trading volume of 3,510,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.5% of the company's shares are sold short.
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, February 9th 2023.
View our TPR earnings forecast
.

How were Tapestry's earnings last quarter?

Tapestry, Inc. (NYSE:TPR) posted its quarterly earnings results on Thursday, November, 10th. The luxury accessories retailer reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. The luxury accessories retailer had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Tapestry had a net margin of 12.29% and a trailing twelve-month return on equity of 35.86%.

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

Tapestry announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.30 per share on Tuesday, December 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, December 8th.
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 2.75%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 29.27% 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 initiated a stock repurchase plan on Thursday, May 12th 2022, which allows the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 18% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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

Tapestry issued an update on its FY 2023 earnings guidance on Saturday, December, 10th. The company provided earnings per share (EPS) guidance of $3.60-$3.70 for the period, compared to the consensus EPS estimate of $3.82. The company issued revenue guidance of $6.50 billion-$6.60 billion, compared to the consensus revenue estimate of $6.88 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 many different retail and institutional investors. Top institutional investors include Wilsey Asset Management Inc. (0.37%), Strs Ohio (0.21%), Comerica Bank (0.16%), Polaris Wealth Advisory Group LLC (0.15%), ZWJ Investment Counsel Inc. (0.09%) and Fifth Third Bancorp (0.07%). 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 $44.06.

How much money does Tapestry make?

Tapestry (NYSE:TPR) has a market capitalization of $10.62 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 $3.15 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 1/27/2023 by MarketBeat.com Staff