Tapestry - TPR Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TPR shares.
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13 Wall Street analysts have issued 1-year target prices for Tapestry's stock. Their TPR share price forecasts range from $36.00 to $62.00. On average, they predict the company's share price to reach $45.19 in the next year. This suggests that the stock has a possible downside of 0.8%.
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Tapestry's stock was trading at $38.08 at the start of the year. Since then, TPR stock has increased by 19.7% and is now trading at $45.57.
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Tapestry saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 8,270,000 shares, a drop of 19.8% from the December 31st total of 10,310,000 shares. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.5% of the company's stock are sold short.
View Tapestry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our TPR earnings forecast.

Tapestry will be holding an earnings conference call on Thursday, February 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0851.

Tapestry, Inc. (NYSE:TPR) released its quarterly earnings data on Thursday, November, 10th. The luxury accessories retailer reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. The luxury accessories retailer earned $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Tapestry had a net margin of 12.29% and a trailing twelve-month return on equity of 35.86%.

Tapestry announced a quarterly dividend on Thursday, November 17th. Shareholders 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 dividend yield of 2.63%. The ex-dividend date 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 2.72%. 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 29.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

Tapestry declared that its Board of Directors has approved 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 buy up to 18% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Tapestry issued an update on its FY 2023 earnings guidance on Saturday, December, 10th. The company provided earnings per share guidance of $3.60-$3.70 for the period, compared to the consensus earnings per share 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 many different retail and institutional investors. Top institutional shareholders include New York State Common Retirement Fund (0.54%), RWC Asset Management LLP (0.49%), Wilsey Asset Management Inc. (0.37%), Strs Ohio (0.21%), Comerica Bank (0.16%) and Polaris Wealth Advisory Group LLC (0.15%). 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 $45.57.

Tapestry (NYSE:TPR) has a market capitalization of $10.98 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.