Tapestry - TPR Stock Forecast, Price & News

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

16 analysts have issued twelve-month target prices for Tapestry's stock. Their TPR share price forecasts range from $35.00 to $63.00. On average, they expect the company's stock price to reach $47.44 in the next twelve months. This suggests a possible upside of 64.2% 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 shares have decreased by 28.8% and is now trading at $28.89.
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Tapestry saw a increase in short interest in the month of 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 trading volume, of 3,530,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.6% of the shares of the company 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) posted its quarterly earnings results on Thursday, August, 18th. The luxury accessories retailer reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The luxury accessories retailer had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. Tapestry had a net margin of 12.81% and a trailing twelve-month return on equity of 34.37%. The firm's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS.
Read the conference call transcript.

Tapestry announced a quarterly dividend on Thursday, August 18th. Stockholders 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 dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, September 8th. This is an increase 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 4.01%. TPR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 announced that its Board of Directors has approved a stock repurchase plan 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 reacquire up to 18% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Tapestry issued an update on its FY 2025 earnings guidance on Friday, September, 23rd. The company provided earnings per share (EPS) 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."

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 $28.89.

Tapestry (NYSE:TPR) has a market capitalization of $6.97 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.