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

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$36.49 -0.59 (-1.59 %)
(As of 01/22/2019 11:19 AM ET)
Previous Close$37.08
Today's Range$36.16 - $37.00
52-Week Range$32.03 - $55.50
Volume32,647 shs
Average Volume2.86 million shs
Market Capitalization$10.75 billion
P/E Ratio13.88
Dividend Yield3.64%
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$3.4885 per share
Book Value$11.27 per share

Profitability

Net Income$397.50 million

Miscellaneous

Employees20,800
Market Cap$10.75 billion
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 Thursday, November 15th. Investors of record on Friday, December 7th will be given a dividend of $0.338 per share on Monday, December 31st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 6th. 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) issued its quarterly earnings results on Tuesday, October, 30th. The luxury accessories retailer reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The luxury accessories retailer had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Tapestry had a net margin of 9.00% and a return on equity of 24.73%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. View Tapestry's Earnings History.

When is Tapestry's next earnings date?

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

How can I listen to Tapestry's earnings call?

Tapestry will be holding an earnings conference call on Thursday, February 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775108087.

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

Tapestry updated its FY19 earnings guidance on Tuesday, October, 30th. The company provided earnings per share guidance of $2.75-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.77. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.16 billion.Tapestry also updated its FY 2019 guidance to $2.75-2.80 EPS.

What price target have analysts set for TPR?

29 brokerages have issued 1-year price objectives for Tapestry's stock. Their forecasts range from $44.00 to $63.00. On average, they anticipate Tapestry's stock price to reach $52.8148 in the next twelve months. This suggests a possible upside of 44.7% 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 8 hold ratings and 21 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, "Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The addition of Stuart Weitzman and Kate Spade are significant steps toward becoming a multi-brand company. 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 sidelined 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 but margins still remained under pressure." (12/3/2018)
  • 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)

Has Tapestry been receiving favorable news coverage?

News headlines about TPR stock have trended very positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tapestry earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media headlines about the luxury accessories retailer a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

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 53)
  • Mr. Todd Kahn, Pres, Chief Admin. Officer, Chief Legal Officer & Sec. (Age 55)
  • Mr. Kevin G. Wills, Chief Financial Officer (Age 53)
  • Mr. Joshua G. Schulman, CEO & Brand Pres of Coach (Age 48)
  • Mr. Brian Satenstein, VP, Controller & Principal Accounting Officer (Age 40)

Who are Tapestry's major shareholders?

Tapestry's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Greylin Investment Mangement Inc. (0.07%), Scout Investments Inc. (0.04%), Cullinan Associates Inc. (0.03%), Boston Advisors LLC (0.03%) and Nisa Investment Advisors LLC (0.03%). 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 major investors are selling Tapestry stock?

TPR stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Greylin Investment Mangement Inc., Nisa Investment Advisors LLC, First American Bank, QUANTRES ASSET MANAGEMENT Ltd, Oakbrook Investments LLC, Louisiana State Employees Retirement System and Kessler Investment Group LLC. Company insiders that have sold Tapestry company stock in the last year include Brian Satenstein, Ian Bickley, Ivan Menezes, 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 acquired by a variety of institutional investors in the last quarter, including Boston Advisors LLC, State of Alaska Department of Revenue, Virtu Financial LLC, Fox Run Management L.L.C., Cerebellum GP LLC, Gagnon Securities LLC, Meeder Asset Management Inc. and Cullinan Associates 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 $36.49.

How big of a company is Tapestry?

Tapestry has a market capitalization of $10.75 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:  1,335 (Vote Outperform)
Underperform Votes:  1,033 (Vote Underperform)
Total Votes:  2,368
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 1/22/2019 by MarketBeat.com Staff

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