Tapestry Stock Forecast, Price & News

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 "moderate buy" Tapestry stock.
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14 analysts have issued 12 month price targets for Tapestry's shares. Their TPR stock forecasts range from $36.00 to $63.00. On average, they anticipate Tapestry's share price to reach $48.12 in the next year. This suggests a possible upside of 44.4% from the stock's current price.
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Tapestry's stock was trading at $40.60 at the beginning of 2022. Since then, TPR shares have decreased by 17.9% and is now trading at $33.33.
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Tapestry saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 7,210,000 shares, a decrease of 19.5% from the May 15th total of 8,960,000 shares. Based on an average daily volume of 4,400,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.9% of the shares of the company are sold short.
View Tapestry's Short Interest.

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

Tapestry, Inc. (NYSE:TPR) posted its earnings results on Thursday, May, 12th. The luxury accessories retailer reported $0.51 EPS for the quarter, topping the consensus estimate of $0.40 by $0.11. The luxury accessories retailer had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Tapestry had a trailing twelve-month return on equity of 32.07% and a net margin of 12.99%. The business's revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share.
View Tapestry's earnings history.

Tapestry declared a quarterly dividend on Thursday, May 12th. Investors 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 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Tapestry's dividend history.

Tapestry(NYSE:TPR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.12%. 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.

Tapestry declared that its board has authorized a stock repurchase plan on Thursday, May 12th 2022, which authorizes the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 18% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Tapestry issued an update on its FY 2022 earnings guidance on Thursday, June, 9th. The company provided earnings per share guidance of $3.45-$3.45 for the period, compared to the consensus 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.

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

Some companies that are related to Tapestry include V.F. (VFC), Ralph Lauren (RL), Columbia Sportswear (COLM), PVH (PVH), Hanesbrands (HBI), Carter's (CRI), Oxford Industries (OXM), G-III Apparel Group (GIII), Movado Group (MOV), Fossil Group (FOSL), Delta Apparel (DLA), Vera Bradley (VRA) and Boardriders (ZQKSQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Tapestry investors own include Intel (INTC), AT&T (T), Wells Fargo (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 Vanguard Group Inc. (12.37%), State Street Corp (3.95%), American Century Companies Inc. (1.82%), Bank of New York Mellon Corp (1.63%), Invesco Ltd. (1.42%) and Lazard Asset Management LLC (1.24%). 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.

TPR stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Suvretta Capital Management LLC, Invesco Ltd., State Street Corp, Shellback Capital LP, Royal Bank of Canada, Bank of America Corp DE, and Capital Fund Management S.A.. Company insiders that have sold Tapestry company stock in the last two years include David E Howard, Ivan Menezes, Manesh Dadlani, Sarah Dunn, and Todd Kahn.
View insider buying and selling activity for Tapestry or view top insider-selling stocks.

TPR stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Lazard Asset Management LLC, Vanguard Group Inc., Dana Investment Advisors Inc., Goldman Sachs Group Inc., Jupiter Asset Management Ltd., Bank of Nova Scotia, and Pacer Advisors Inc.. Company insiders that have bought Tapestry stock in the last two years include Joanne C Crevoiserat, and John P Bilbrey.
View insider buying and selling activity for Tapestry or or view top insider-buying stocks.

Shares of TPR 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 $33.33.

Tapestry (NYSE:TPR) has a market capitalization of $8.39 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.

Tapestry employs 16,400 workers across the globe.

Tapestry was founded in 1941.

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 [email protected], or via fax at 212-594-1682.