Tapestry - TPR Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPR shares.
View TPR analyst ratings or view top-rated stocks.

16 brokers have issued twelve-month target prices for Tapestry's shares. Their TPR share price forecasts range from $35.00 to $63.00. On average, they predict the company's stock price to reach $47.44 in the next twelve months. This suggests a possible upside of 49.3% from the stock's current price.
View analysts price targets for TPR or view top-rated stocks among Wall Street analysts.

Tapestry's stock was trading at $40.60 at the beginning of the year. Since then, TPR stock has decreased by 21.7% and is now trading at $31.78.
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Tapestry saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,640,000 shares, an increase of 25.2% from the August 15th total of 6,900,000 shares. Based on an average daily volume of 3,530,000 shares, the short-interest ratio is presently 2.4 days. Currently, 3.6% of the shares of the stock are short sold.
View Tapestry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our TPR earnings forecast.

Tapestry, Inc. (NYSE:TPR) announced its quarterly earnings data on Thursday, August, 18th. The luxury accessories retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The luxury accessories retailer earned $1.62 billion during the quarter, compared to analysts' expectations of $1.64 billion. Tapestry had a trailing twelve-month return on equity of 34.37% and a net margin of 12.81%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share.
Read the conference call transcript.

Tapestry declared a quarterly dividend on Thursday, August 18th. Investors of record on Friday, September 9th will be paid a dividend of $0.30 per share on Monday, September 26th. This represents a $1.20 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, September 8th. This is a positive change from the stock's previous quarterly dividend of $0.25.
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 3.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 27.78% 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 approved a share repurchase plan on Thursday, May 12th 2022, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 18% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Tapestry issued an update on its FY 2025 earnings guidance on Friday, September, 30th. The company provided earnings per share guidance of $5.00- for the period. The company issued revenue guidance of $8.00 billion-$8.00 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 a number of institutional and retail investors. Top institutional investors include First Hawaiian Bank (0.01%). 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 $31.78.

Tapestry (NYSE:TPR) has a market capitalization of $7.69 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 $3.16 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.