Tapestry - TPR Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TPR shares.
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12 equities research analysts have issued twelve-month price targets for Tapestry's stock. Their TPR share price forecasts range from $35.00 to $62.00. On average, they expect the company's share price to reach $44.33 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price.
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Tapestry's stock was trading at $40.60 at the beginning of the year. Since then, TPR shares have decreased by 10.4% and is now trading at $36.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our TPR earnings forecast.

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

Tapestry declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Friday, December 9th will be given a dividend of $0.30 per share on Tuesday, December 27th. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for TPR.

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.25%. 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 29.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

Tapestry announced that its Board of Directors has initiated a stock buyback program on Thursday, May 12th 2022, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 18% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Tapestry issued an update on its FY 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $3.60-$3.70 for the period, compared to the consensus 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.

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.

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).

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

Tapestry's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.71%), BlackRock Inc. (6.11%), State Street Corp (4.25%), Alliancebernstein L.P. (2.64%), Lazard Asset Management LLC (2.25%) and Bank of New York Mellon Corp (1.54%). 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.
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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.
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One share of TPR stock can currently be purchased for approximately $36.39.

Tapestry (NYSE:TPR) has a market capitalization of $8.77 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.

The company employs 18,100 workers across the globe.

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.