NYSE:TPR - Tapestry Stock Price, Price Target & More

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$46.53 +0.90 (+1.97 %)
(As of 07/16/2018 08:40 AM ET)
Previous Close$45.63
Today's Range$45.54 - $46.87
52-Week Range$38.70 - $55.50
Volume1.92 million shs
Average Volume2.51 million shs
Market Capitalization$13.39 billion
P/E Ratio21.64
Dividend Yield2.90%
Beta0.33
Tapestry logoTapestry, Inc. provides luxury accessories and lifestyle brands. It offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, sunglasses, watches, novelty accessories, and ready-to-wear for men. The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, gloves, scarves, and hats; jewelry, such as bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising perfume sprays, toilette sprays, purse sprays, and body creams for women. In addition, it offers children's wear, tech and home decor products; and weekend and travel accessories, travel bags, and other lifestyle products. Further, the company licenses rights to market and distribute its eyewear, watches, and fragrances under the Coach brand name. It markets its products to consumers through a network of Coach-operated stores, including Internet in North America; and Coach-operated stores and concession shop-in-shops in Japan, Mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands, and Switzerland, as well as to wholesale customers and distributors in approximately 55 countries. The company sells its Stuart Weitzman products through department stores; independent third party distributors; and stores, including the Internet. It operates approximately 1,300 stores under the Coach, kate spade new york, and Stuart Weitzman brands. 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

Stock Exchange NYSE
Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
SymbolNYSE:TPR
CUSIP18975410
Phone212-594-1850

Debt

Debt-to-Equity Ratio0.51
Current Ratio2.66
Quick Ratio1.83

Price-To-Earnings

Trailing P/E Ratio21.64
Forward P/E Ratio17.90
P/E Growth1.45

Sales & Book Value

Annual Sales$4.49 billion
Price / Sales2.98
Cash Flow$2.9246 per share
Price / Cash15.91
Book Value$10.68 per share
Price / Book4.36

Profitability

EPS (Most Recent Fiscal Year)$2.15
Net Income$591 million
Net Margins6.10%
Return on Equity24.12%
Return on Assets10.61%

Miscellaneous

Employees14,400
Outstanding Shares287,820,000
Market Cap$13,392.17

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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 declared a quarterly dividend on Thursday, May 17th. Shareholders of record on Friday, June 8th will be given a dividend of $0.338 per share on Monday, July 2nd. This represents a $1.35 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, June 7th. This is a boost from Tapestry's previous quarterly dividend of $0.34. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) posted its quarterly earnings data on Tuesday, May, 1st. The luxury accessories retailer reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.04. The luxury accessories retailer had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Tapestry had a return on equity of 24.12% and a net margin of 6.10%. The company's revenue was up 32.9% compared to the same quarter last year. View Tapestry's Earnings History.

When is Tapestry's next earnings date?

Tapestry is scheduled to release their next quarterly earnings announcement on Monday, August, 13th 2018. View Earnings Estimates for Tapestry.

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

Tapestry updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share (EPS) guidance of $2.57-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.59. The company issued revenue guidance of $5.8-5.9 billion, compared to the consensus revenue estimate of $5.86 billion.

What price target have analysts set for TPR?

29 Wall Street analysts have issued 12-month price objectives for Tapestry's shares. Their forecasts range from $40.67 to $65.00. On average, they anticipate Tapestry's stock price to reach $54.7950 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View Analyst Ratings 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 1 sell rating, 5 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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 declined and underperformed the industry in a month. Despite reporting better-than-expected third-quarter fiscal 2018 results, the stock came under pressure following management’s remark on Stuart Weitzman results. The company hinted that delay in production and lower sell-through of important carryover styles hurt sales and margins and added that they are likely to remain under pressure in the final quarter as well. Analysts pointed that soft comps performance at Kate Spade and overall margin contraction might have also weigh on investor sentiment. Nevertheless, both the top and bottom lines continues to improve year over year gaining from the company’s transformation initiatives revolving around product, stores and marketing. Tapestry is also undergoing a brand transformation and introducing modern luxury concept stores. Management retained full year sales view but raised earnings projection range." (5/3/2018)
  • 2. Guggenheim analysts commented, "We reiterate TPR as our Best Idea and increase our PT to $65 from $55. Our 3Q EPS estimate of $0.51 is $0.01 above consensus, and we remain comfortable with the Coach brand’s global +LSD comp sales growth trajectory following a strong 2Q in which the company rebounded swiftly from logo-related inventory issues in 1Q. Importantly, we believe recent leadership appointments (Kate) and debt paydown (post-2Q end) support potential for additional M&A activity over the next 12 months. Our estimates are unchanged ahead of the report. In 3Q, we forecast total revenue growth of 30% to $1.3bn and EPS of $0.51 ($0.01 above consensus). Our top-line forecast includes a +LSD global comp sales increase for the Coach brand and a ~$245mn revenue contribution from Kate Spade. We expect Coach brand momentum to continue in 2H18 (following a 4+% NA comp in 2Q), as marketing/ product innovation remains solid, led by Selena Gomez." (4/27/2018)

Who are some of Tapestry's key competitors?

Who are Tapestry's key executives?

Tapestry's management team includes the folowing people:
  • Mr. Victor Luis, CEO & Director (Age 52)
  • Mr. Todd Kahn, Pres, Chief Admin. Officer, Sec. & Interim Gen. Counsel (Age 54)
  • Mr. Kevin G. Wills, Chief Financial Officer (Age 52)
  • Ms. Andrea Shaw Resnick, Global Head of Investor Relations & Corp. Communications (Age 57)
  • Mr. Ian M. Bickley, Pres of Global Bus. Devel. & Strategic Alliances (Age 54)

Has Tapestry been receiving favorable news coverage?

Media headlines about TPR stock have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tapestry earned a daily sentiment score of 0.29 on Accern's scale. They also assigned news articles about the luxury accessories retailer an impact score of 46.66 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.31%), State of Alaska Department of Revenue (0.06%), NN Investment Partners Holdings N.V. (0.06%), Augustine Asset Management Inc. (0.04%), Cullinan Associates Inc. (0.03%) and Sib LLC (0.03%). Company insiders that own Tapestry stock include Andre Cohen, Annabelle Yu Long, Melinda Brown, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Institutional Ownership Trends for Tapestry.

Which major investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including SOL Capital Management CO, Radnor Capital Management LLC, Cullinan Associates Inc. and Thompson Investment Management Inc.. Company insiders that have sold Tapestry company stock in the last year include Melinda Brown, Sarah Dunn, Susan J Kropf, Todd Kahn and Victor Luis. View Insider Buying and Selling for Tapestry.

Which major investors are buying Tapestry stock?

TPR stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Sib LLC, State of Alaska Department of Revenue, Augustine Asset Management Inc., DnB Asset Management AS, Manning & Napier Group LLC, NN Investment Partners Holdings N.V. and Cohen Klingenstein LLC. 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 $46.53.

How big of a company is Tapestry?

Tapestry has a market capitalization of $13.39 billion and generates $4.49 billion in revenue each year. The luxury accessories retailer earns $591 million in net income (profit) each year or $2.15 on an earnings per share basis. Tapestry employs 14,400 workers across the globe.

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:  1,161 (Vote Outperform)
Underperform Votes:  939 (Vote Underperform)
Total Votes:  2,100
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 7/16/2018 by MarketBeat.com Staff

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