NYSE:TPR - Tapestry Stock Price, News, & Analysis

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$30.93 -1.02 (-3.19 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$30.93
Today's Range$30.91 - $31.79
52-Week Range$30.91 - $55.50
Volume4.59 million shs
Average Volume3.71 million shs
Market Capitalization$8.97 billion
P/E Ratio11.76
Dividend Yield4.23%
Beta0.73
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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Industry, Sector and Symbol

Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
CUSIP18975410
Phone212-594-1850

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.88 billion
Cash Flow$3.4329 per share
Book Value$11.27 per share

Profitability

Net Income$397.50 million

Miscellaneous

Employees20,800
Market Cap$8.97 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

Tapestry (NYSE:TPR) Frequently Asked Questions

What is Tapestry's stock symbol?

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

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

Tapestry announced a quarterly dividend on Friday, February 22nd. Investors of record on Friday, March 8th will be paid a dividend of $0.3375 per share on Monday, April 1st. This represents a $1.35 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, March 7th. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) released its quarterly earnings data on Thursday, February, 7th. The luxury accessories retailer reported $1.07 EPS for the quarter, missing the Zacks' consensus estimate of $1.11 by $0.04. The luxury accessories retailer had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.86 billion. Tapestry had a net margin of 12.18% and a return on equity of 23.84%. Tapestry's revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $1.07 EPS. View Tapestry's Earnings History.

When is Tapestry's next earnings date?

Tapestry is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Tapestry.

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

Tapestry issued an update on its FY19 earnings guidance on Thursday, February, 7th. The company provided earnings per share guidance of $2.55-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.78. Tapestry also updated its FY 2019 guidance to $2.55-2.60 EPS.

What price target have analysts set for TPR?

29 Wall Street analysts have issued twelve-month price objectives for Tapestry's shares. Their forecasts range from $40.00 to $63.00. On average, they anticipate Tapestry's stock price to reach $50.1852 in the next year. This suggests a possible upside of 62.3% from the stock's current price. View Analyst Price Targets for Tapestry.

What is the consensus analysts' recommendation for Tapestry?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 7 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tapestry.

What are Wall Street analysts saying about Tapestry stock?

Here are some recent quotes from research analysts about Tapestry stock:
  • 1. According to Zacks Investment Research, "Shares of Tapestry have surged and outpaced the industry in the past month. The stock looks disciplined in its approach to adapt to the changing retail landscape. It is undergoing a brand transformation and introducing modern luxury concept stores in key markets. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts helped post better-than-expected first-quarter fiscal 2019 results, wherein both the top and bottom lines grew year over year. Tapestry continues to focus on Asian markets, primarily China for long-term growth but ignored tariff related woes due to lower production exposure in the region. The company maintained its fiscal 2019 sales forecast but raised the lower end of earnings view. Meanwhile, rate of sales decline at Stuart Weitzman improved considerably on a sequential basis. Management expects the segment’s top-line to return to growth in the second quarter." (2/4/2019)
  • 2. Guggenheim analysts commented, "We visited several Kate Spade store locations in NYC on Monday (1/28) to check in on new Glass’ new product line. Ms. Glass’ new product has been in store for a few days and hit online Monday. Overall, we came away encouraged by our store checks and the product. Tapestry is scheduled to report 2Q19 earnings on Feb 7, BMO. We remain comfortable with our 2QE EPS of $1.11, in-line with consensus. At 12x our FY20E EPS (~25% discount to historical averages), with trends appearing on track, we believe the risk/reward remains favorable; TPR remains our Best Idea." (1/29/2019)

Has Tapestry been receiving favorable news coverage?

News coverage about TPR stock has trended somewhat negative recently, according to InfoTrie. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tapestry earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news articles about the luxury accessories retailer a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

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), Cisco Systems (CSCO), Gilead Sciences (GILD), Starbucks (SBUX), QUALCOMM (QCOM), Ford Motor (F), Home Depot (HD), JPMorgan Chase & Co. (JPM), Mcdonald's (MCD) and Alphabet (GOOG).

Who are Tapestry's key executives?

Tapestry's management team includes the folowing 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)

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.60%), FMR LLC (2.40%), American Century Companies Inc. (2.05%), Bank of New York Mellon Corp (1.71%), Geode Capital Management LLC (1.52%) and ANTIPODES PARTNERS Ltd (1.47%). Company insiders that own Tapestry stock include Andre Cohen, Brian Satenstein, Ian Bickley, Ivan Menezes, Melinda Brown, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Institutional Ownership Trends for Tapestry.

Which institutional investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including American International Group Inc., American Century Companies Inc., Squarepoint Ops LLC, M&T Bank Corp, CI Investments Inc., Teacher Retirement System of Texas, Eaton Vance Management and Gotham Asset Management LLC. Company insiders that have sold Tapestry company stock in the last year include Brian Satenstein, Ian Bickley and Ivan Menezes. View Insider Buying and Selling for Tapestry.

Which institutional investors are buying Tapestry stock?

TPR stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Boston Partners, D. E. Shaw & Co. Inc., ANTIPODES PARTNERS Ltd, Oregon Public Employees Retirement Fund, Bank of New York Mellon Corp, Prudential Financial Inc. and BlackRock Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $30.93.

How big of a company is Tapestry?

Tapestry has a market capitalization of $8.97 billion and generates $5.88 billion in revenue each year. The luxury accessories retailer earns $397.50 million in net income (profit) each year or $2.63 on an earnings per share basis. Tapestry employs 20,800 workers across the globe.

What is Tapestry's official website?

The official website for Tapestry is http://www.coach.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 212-594-1850.


MarketBeat Community Rating for Tapestry (NYSE TPR)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,356 (Vote Outperform)
Underperform Votes:  1,051 (Vote Underperform)
Total Votes:  2,407
MarketBeat's community ratings are surveys of what our community members think about Tapestry and other stocks. Vote "Outperform" if you believe TPR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TPR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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