Tapestry - TPR Stock Forecast, Price & News

13 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 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPR shares.
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13 analysts have issued 12-month 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 twelve months. This suggests a possible upside of 2.6% from the stock's current price.
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Tapestry's stock was trading at $38.08 on January 1st, 2023. Since then, TPR shares have increased by 15.7% and is now trading at $44.06.
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Tapestry saw a decrease in short interest in January. As of January 15th, there was short interest totaling 8,270,000 shares, a decrease of 19.8% from the December 31st total of 10,310,000 shares. Based on an average trading volume of 3,510,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.5% of the company's shares 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, Inc. (NYSE:TPR) posted its quarterly earnings results on Thursday, November, 10th. The luxury accessories retailer reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. The luxury accessories retailer had revenue of $1.51 billion for the quarter, compared to the consensus estimate 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. Stockholders of record on Friday, December 9th will be paid a dividend of $0.30 per share on Tuesday, December 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. 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 2.75%. 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 has initiated a stock repurchase plan on Thursday, May 12th 2022, which allows the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 18% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Tapestry issued an update on its FY 2023 earnings guidance on Saturday, December, 10th. The company provided earnings per share (EPS) guidance of $3.60-$3.70 for the period, compared to the consensus EPS 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 investors include Wilsey Asset Management Inc. (0.37%), Strs Ohio (0.21%), Comerica Bank (0.16%), Polaris Wealth Advisory Group LLC (0.15%), ZWJ Investment Counsel Inc. (0.09%) and Fifth Third Bancorp (0.07%). 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 $44.06.

Tapestry (NYSE:TPR) has a market capitalization of $10.62 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.