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NYSE:TPR - Tapestry Stock Price, Forecast & News

$27.65
-0.71 (-2.50 %)
(As of 01/23/2020 07:26 AM ET)
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Today's Range
$27.60
Now: $27.65▼
$28.42
50-Day Range
$25.44
MA: $26.93▼
$28.89
52-Week Range
$18.54
Now: $27.65▼
$39.63
Volume3.35 million shs
Average Volume2.56 million shs
Market Capitalization$7.63 billion
P/E Ratio14.87
Dividend Yield4.76%
Beta1.01
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. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Leather & leather products
Sub-IndustryApparel Accessories & Luxury Goods
SectorRetail/Wholesale
Current SymbolNYSE:TPR
Previous Symbol
CUSIP18975410
CIK1116132
Webhttp://www.tapestry.com/
Phone212-946-8400

Debt

Debt-to-Equity Ratio1.15
Current Ratio1.82
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio14.87
Forward P/E Ratio11.02
P/E Growth1.16

Sales & Book Value

Annual Sales$6.03 billion
Price / Sales1.27
Cash Flow$3.42 per share
Price / Cash Flow8.09
Book Value$12.11 per share
Price / Book2.28

Profitability

EPS (Most Recent Fiscal Year)$2.57
Net Income$643.40 million
Net Margins9.01%
Return on Equity21.17%
Return on Assets9.80%

Miscellaneous

Employees21,000
Outstanding Shares275,940,000
Market Cap$7.63 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Thursday, November 14th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.338 per share on Monday, December 30th. This represents a $1.35 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, December 5th. View Tapestry's Dividend History.

How were Tapestry's earnings last quarter?

Tapestry Inc (NYSE:TPR) posted its earnings results on Tuesday, November, 5th. The luxury accessories retailer reported $0.40 EPS for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. The luxury accessories retailer earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Tapestry had a return on equity of 21.17% and a net margin of 9.01%. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS. 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 6th 2020. View Earnings Estimates for Tapestry.

What price target have analysts set for TPR?

26 brokers have issued 1 year price targets for Tapestry's shares. Their forecasts range from $22.00 to $52.00. On average, they anticipate Tapestry's stock price to reach $31.16 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price. View Analyst Price Targets for Tapestry.

What is the consensus analysts' recommendation for Tapestry?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 13 hold ratings and 13 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 fallen and underperformed the industry in the past three months. The stock came under pressure following the company’s fourth-quarter fiscal 2019 results, wherein earnings came in line but net sales fell short of the Zacks Consensus Estimate for the third quarter in row. The quarter is characterized by challenging retail backdrop in North America, unfavorable currency movements, soft margins and weakness in Kate Spade brand. Clearly, these compelled management to trim earnings forecast for fiscal 2020 and provide a disappointing first-quarter view. Softness in Kate Spade is likely to persist in the near term and may hurt Tapestry’s sales. Management expects Kate Spade comps to decline in high-teens rate during the first quarter based on the current traffic trend as well as product and merchandising challenges." (10/28/2019)
  • 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?

Media stories about TPR stock have trended somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog 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 2.0 on InfoTrie's scale. They also gave headlines about the luxury accessories retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Tapestry.

Are investors shorting Tapestry?

Tapestry saw a decrease in short interest in the month of December. As of December 13th, there was short interest totalling 8,030,000 shares, a decrease of 22.7% from the November 28th total of 10,390,000 shares. Based on an average daily trading volume, of 4,440,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.9% of the shares of the stock are short sold. View Tapestry's Current Options Chain.

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 Gilead Sciences (GILD), Intel (INTC), Cisco Systems (CSCO), AT&T (T), Exxon Mobil (XOM), Ford Motor (F), Pfizer (PFE), Verizon Communications (VZ), Wells Fargo & Co (WFC) and Bank of America (BAC).

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 Global Thematic Partners LLC (0.45%), Zurcher Kantonalbank Zurich Cantonalbank (0.12%), Ingalls & Snyder LLC (0.11%), Smith Graham & Co. Investment Advisors LP (0.08%), State of Alaska Department of Revenue (0.07%) and Exane Derivatives (0.05%). Company insiders that own Tapestry stock include Annabelle Yu Long, Brian Satenstein, Darrell Cavens, Ian Bickley, Ivan Menezes, 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 Commerzbank Aktiengesellschaft FI, Ingalls & Snyder LLC, State of Alaska Department of Revenue, Radnor Capital Management LLC, Boltwood Capital Management, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Smith Graham & Co. Investment Advisors LP and Hennessy Advisors Inc.. Company insiders that have sold Tapestry company stock in the last year include Annabelle Yu Long and Sarah Dunn. View Insider Buying and Selling for Tapestry.

Which institutional investors are buying Tapestry stock?

TPR stock was bought by a variety of institutional investors in the last quarter, including Exane Derivatives, Greylin Investment Mangement Inc., Rothschild Investment Corp IL, Alpine Global Management LLC, CX Institutional, NEXT Financial Group Inc, Assenagon Asset Management S.A. and DNB Asset Management AS. 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, Robinhood, Fidelity and Charles Schwab.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $27.65.

How big of a company is Tapestry?

Tapestry has a market capitalization of $7.63 billion and generates $6.03 billion in revenue each year. The luxury accessories retailer earns $643.40 million in net income (profit) each year or $2.57 on an earnings per share basis. Tapestry employs 21,000 workers across the globe.View Additional Information About Tapestry.

What is Tapestry's official website?

The official website for Tapestry is http://www.tapestry.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 212-946-8400.


MarketBeat Community Rating for Tapestry (NYSE TPR)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,438 (Vote Outperform)
Underperform Votes:  1,134 (Vote Underperform)
Total Votes:  2,572
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 1/23/2020 by MarketBeat.com Staff

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