Tapestry - TPR Stock Forecast, Price & News

16 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 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPR shares.
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16 Wall Street research analysts have issued 1-year price targets for Tapestry's stock. Their TPR share price forecasts range from $37.00 to $55.00. On average, they anticipate the company's share price to reach $47.31 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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Tapestry's stock was trading at $38.08 at the beginning of 2023. Since then, TPR stock has increased by 9.6% and is now trading at $41.73.
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Tapestry saw a decline in short interest in March. As of March 15th, there was short interest totaling 9,550,000 shares, a decline of 19.5% from the February 28th total of 11,870,000 shares. Based on an average daily volume of 3,320,000 shares, the short-interest ratio is currently 2.9 days. Approximately 4.1% of the shares of the stock are sold short.
View Tapestry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our TPR earnings forecast.

Tapestry, Inc. (NYSE:TPR) posted its quarterly earnings data on Thursday, February, 9th. The luxury accessories retailer reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.09. The luxury accessories retailer earned $2.03 billion during the quarter, compared to the consensus estimate of $2.04 billion. Tapestry had a net margin of 12.69% and a trailing twelve-month return on equity of 36.58%. Tapestry's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 earnings per share.
Read the conference call transcript.

Tapestry declared a quarterly dividend on Tuesday, February 21st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.30 per share on Monday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, March 9th.
Read our dividend analysis for TPR.

ETFs with the largest weight of Tapestry (NYSE:TPR) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), AAM S&P 500 High Dividend Value ETF (SPDV), VanEck Morningstar SMID Moat ETF (SMOT), First Trust Long/Short Equity ETF (FTLS), Global X S&P 500 Quality Dividend ETF (QDIV), First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Principal Quality ETF (PSET).

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.98%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 28.92% 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 share repurchase plan on Thursday, May 12th 2022, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 18% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Tapestry issued an update on its FY23 earnings guidance on Thursday, February, 9th. The company provided earnings per share guidance of $3.70-$3.75 for the period, compared to the consensus EPS estimate of $3.65. The company issued revenue guidance of $6.6 billion, compared to the consensus revenue estimate of $6.61 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 many different institutional and retail investors. Top institutional investors include Franklin Resources Inc. (4.58%), Alliancebernstein L.P. (2.69%), Ninety One UK Ltd (2.56%), Geode Capital Management LLC (2.09%), American Century Companies Inc. (1.98%) and Lazard Asset Management LLC (1.97%). 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.

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 $41.73.

Tapestry (NYSE:TPR) has a market capitalization of $9.85 billion and generates $6.59 billion in revenue each year. The luxury accessories retailer earns $856.30 million in net income (profit) each year or $3.36 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.