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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:TPR

Tapestry - TPR Stock Forecast, Price & News

$34.08
+0.21 (+0.62%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$33.33
$34.16
50-Day Range
$30.52
$35.16
52-Week Range
$26.39
$47.05
Volume
1.96 million shs
Average Volume
3.94 million shs
Market Capitalization
$8.58 billion
P/E Ratio
10.99
Dividend Yield
2.93%
Price Target
$46.18

Tapestry MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
35.5% Upside
$46.18 Price Target
Short Interest
Healthy
3.26% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.26mentions of Tapestry in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.45%
From $3.46 to $3.96 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Retail/Wholesale Sector

14th out of 262 stocks

Leather & Leather Products Industry

1st out of 3 stocks

TPR stock logo

About Tapestry (NYSE:TPR) Stock

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. It also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men. In addition, the company offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections that include outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, it provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, the company licenses rights to market and distribute its jewelry, eyewear, watches, fragrances, and tech accessories under the Coach brand; and fashion beddings, tableware and housewares, eyewear, watches, stationery and gifts, and tech accessories under the Kate Spade brand. As of July 3, 2021, it operated through a network of 939 Coach stores, 407 Kate Spade stores, and 104 Stuart Weitzman stores. The company sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. 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 based in New York, New York.

Tapestry Stock Up 0.6 %

Shares of TPR traded up $0.21 during trading hours on Friday, reaching $34.08. The stock had a trading volume of 1,962,591 shares, compared to its average volume of 2,857,029. Tapestry has a 12 month low of $26.39 and a 12 month high of $47.05. The firm has a 50-day simple moving average of $32.71 and a 200 day simple moving average of $34.65. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.69 and a beta of 1.36.

Tapestry (NYSE:TPR - Get Rating) last issued its earnings results on Thursday, May 12th. The luxury accessories retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.11. Tapestry had a return on equity of 32.07% and a net margin of 12.99%. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the business earned $0.51 EPS. Tapestry's quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts predict that Tapestry will post 3.46 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Friday, June 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, June 2nd. Tapestry's dividend payout ratio (DPR) is presently 32.26%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BTIG Research lowered their price objective on Tapestry from $53.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, July 21st. Wells Fargo & Company decreased their target price on shares of Tapestry from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, July 7th. UBS Group decreased their target price on shares of Tapestry from $36.00 to $31.00 in a research report on Friday, July 15th. The Goldman Sachs Group decreased their target price on shares of Tapestry from $39.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, July 21st. Finally, Cowen decreased their target price on shares of Tapestry from $56.00 to $40.00 in a research report on Friday, May 13th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tapestry has an average rating of "Moderate Buy" and a consensus price target of $46.18.

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TPR Stock News Headlines

Social and Racial Equity at Tapestry - Yahoo Finance
Tapestry (NYSE:TPR) PT Lowered to $31.00
9 Analysts Have This to Say About Tapestry
See More Headlines
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TPR Company Calendar

Last Earnings
5/12/2022
Ex-Dividend for 6/27 Dividend
6/02/2022
Dividend Payable
6/27/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/18/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Leather & leather products
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
18975410
Employees
16,400
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$46.18
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+35.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$834.20 million
Pretax Margin
15.89%

Debt

Sales & Book Value

Annual Sales
$5.75 billion
Cash Flow
$3.80 per share
Book Value
$11.69 per share

Miscellaneous

Free Float
248,277,000
Market Cap
$8.58 billion
Optionable
Optionable
Beta
1.36

Social Links















TPR Stock - Frequently Asked Questions

Should I buy or sell Tapestry stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tapestry stock.
View analyst ratings for Tapestry
or view top-rated stocks.

What is Tapestry's stock price forecast for 2022?

14 equities research analysts have issued 1-year price objectives for Tapestry's shares. Their TPR stock forecasts range from $31.00 to $63.00. On average, they expect Tapestry's stock price to reach $46.18 in the next twelve months. This suggests a possible upside of 35.5% from the stock's current price.
View analysts' price targets for Tapestry
or view top-rated stocks among Wall Street analysts.

How has Tapestry's stock price performed in 2022?

Tapestry's stock was trading at $40.60 at the beginning of 2022. Since then, TPR shares have decreased by 16.1% and is now trading at $34.08.
View the best growth stocks for 2022 here
.

When is Tapestry's next earnings date?

Tapestry is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our earnings forecast for Tapestry
.

How can I listen to Tapestry's earnings call?

Tapestry will be holding an earnings conference call on Thursday, August 18th 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.

How were Tapestry's earnings last quarter?

Tapestry, Inc. (NYSE:TPR) issued its quarterly earnings data on Thursday, May, 12th. The luxury accessories retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.11. The luxury accessories retailer had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Tapestry had a trailing twelve-month return on equity of 32.07% and a net margin of 12.99%. The firm's revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS.
Read Tapestry's conference call transcript
.

How often does Tapestry pay dividends? What is the dividend yield for Tapestry?

Tapestry declared a quarterly dividend on Thursday, May 12th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.25 per share on Monday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Tapestry's dividend history
.

Is Tapestry a good dividend stock?

Tapestry(NYSE:TPR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.93%. The dividend payout ratio of Tapestry is 32.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Tapestry will have a dividend payout ratio of 25.25% next year. This indicates that Tapestry will be able to sustain or increase its dividend.
View Tapestry's dividend history.

How will Tapestry's stock buyback program work?

Tapestry announced that its board has approved a share buyback program on Thursday, May 12th 2022, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 18% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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

Tapestry updated its FY 2022 earnings guidance on Thursday, June, 9th. The company provided earnings per share (EPS) guidance of $3.45-$3.45 for the period, compared to the consensus earnings per share estimate of $3.62. The company issued revenue guidance of $6.70 billion-$6.70 billion, compared to the consensus revenue estimate of $6.75 billion.

What is Todd Kahn's approval rating as Tapestry's CEO?

34 employees have rated Tapestry CEO Todd Kahn on Glassdoor.com. Todd Kahn has an approval rating of 84% among Tapestry's employees.

What other stocks do shareholders of Tapestry own?

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).

What is Tapestry's stock symbol?

Tapestry trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPR."

Who are Tapestry's major shareholders?

Tapestry's stock is owned by a variety of institutional and retail investors. Top institutional investors include Todd Asset Management LLC (0.52%), Wilsey Asset Management Inc. (0.35%), Victory Capital Management Inc. (0.25%), Strs Ohio (0.19%), Hallmark Capital Management Inc. (0.19%) and Los Angeles Capital Management LLC (0.14%). Company insiders that own Tapestry stock include David E Howard, Ivan Menezes, Joanne C Crevoiserat, John P Bilbrey, Manesh Dadlani, Sarah Dunn and Todd Kahn.
View institutional ownership trends for Tapestry
.

How do I buy shares of Tapestry?

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.
Compare Top Brokerages Here.

What is Tapestry's stock price today?

One share of TPR stock can currently be purchased for approximately $34.08.

How much money does Tapestry make?

Tapestry (NYSE:TPR) has a market capitalization of $8.58 billion and generates $5.75 billion in revenue each year. The luxury accessories retailer earns $834.20 million in net income (profit) each year or $3.10 on an earnings per share basis.

How many employees does Tapestry have?

Tapestry employs 16,400 workers across the globe.

Does Tapestry have any subsidiaries?

The following companies are subsidiares of Tapestry: 17052011 Limited, 504-514 West 34th Street Corp., B.B. SAS, Coach (US) Partnership LLC, Coach Brasil Participações Ltda, Coach Consulting Dongguan Co. Ltd., Coach Holdings Partnership (UK) LP, Coach Hong Kong Limited, Coach IP Holdings LLC, Coach International Holdings Sàrl, Coach International Limited, Coach International UK Holdings Limited, Coach Italy S.r.l., Coach Japan Investments LLC, Coach Korea Limited, Coach Leatherware (Thailand) Ltd., Coach Leatherware India Private Limited, Coach Legacy Yards LLC, Coach Legacy Yards Lender LLC, Coach Luxembourg Financing S.a.r.l, Coach Malaysia SDN. BHD., Coach Management (Shanghai) Co. Ltd., Coach Manufacturing Limited, Coach Netherlands B.V., Coach New Zealand, Coach Operations Singapore Pte. Ltd., Coach Services Inc., Coach Shanghai Limited, Coach Singapore Pte. Ltd., Coach Spain S.L., Coach Stores Australia PTY LTD, Coach Stores Austria GmbH, Coach Stores Belgium, Coach Stores Canada Corporation, Coach Stores France SARL, Coach Stores Germany GmbH, Coach Stores Ireland Limited, Coach Stores Limited, Coach Stores Puerto Rico Inc., Coach Stores Switzerland GmbH, Coach Stores Unipessoal LDA, Coach Thailand Holdings LLC, Coach Vietnam Company Limited, Creaciones S.W. S.A., FNP Holdings LLC, Fifth & Pacific Companies Canada Inc, Fifth & Pacific Companies Cosmetics Inc., Fifth & Pacific Companies Foreign Holdings LLC, Hope Diamon S.L., IP Holdings 2017 LLC, Juicy Couture Inc., KS China Co. Ltd., KS HMT Co. Limited, Karucci LLC, Kate Spade & Company, Kate Spade & Company International Limited, Kate Spade Holdings LLC, Kate Spade LLC, Kate Spade Macau Limited, Kate Spade Puerto Rico LLC, Kate Spade Retail Hong Kong Limited, Kate Spade UK Ltd., Liz Foreign B.V., Lizzy Mae LLC, MFE Limited, Mocaroni S.L., Preparaciones y Moldeados SL, SW Luxembourg Holdings, SW-Italy LLC, Shanghai Kate Spade Trading Co. Ltd., Shoe Heaven S.L., Shoes By Stuart S.L.U., Stuart Weitzman Holdings LLC, Stuart Weitzman IP LLC, Stuart Weitzman International UK Holdings Limited, Stuart Weitzman Monaco S.A.R.L., Stuart Weitzman UK Holdings Limited, Sunburst S.L., Tapestry (Cambodia) Company Limited, Tapestry International US Holdings LLC, Tapestry Japan LLC, Tapestry Myanmar Limited, Tapestry Ventures International LLC, WCFL Holdings LLC, and Westcoast Contempo Fashions Limited.
Read More

When was Tapestry founded?

Tapestry was founded in 1941.

How can I contact Tapestry?

Tapestry's mailing address is 10 HUDSON YARDS, NEW YORK NY, 10001. The official website for Tapestry 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.

This page (NYSE:TPR) was last updated on 8/8/2022 by MarketBeat.com Staff

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