Tapestry - TPR 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 "buy" TPR shares.
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14 Wall Street research analysts have issued 1 year target prices for Tapestry's stock. Their TPR share price forecasts range from $31.00 to $63.00. On average, they anticipate the company's stock price to reach $46.18 in the next year. This suggests a possible upside of 34.0% from the stock's current price.
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Tapestry's stock was trading at $40.60 at the beginning of the year. Since then, TPR shares have decreased by 15.1% and is now trading at $34.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
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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.

Tapestry, Inc. (NYSE:TPR) released its earnings results on Thursday, May, 12th. The luxury accessories retailer reported $0.51 earnings per share 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 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 for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS.
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Tapestry announced a quarterly dividend on Thursday, May 12th. Stockholders of record on Friday, June 3rd will be given a dividend of $0.25 per share on Monday, June 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, June 2nd.
Read our dividend analysis for TPR.

Tapestry (NYSE:TPR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.91%. The dividend payout ratio is 32.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 25.25% 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 share repurchase plan on Thursday, May 12th 2022, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 18% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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 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 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 variety of retail and institutional investors. Top institutional investors include Lazard Asset Management LLC (1.89%), Todd Asset Management LLC (0.52%), RWC Asset Management LLP (0.43%), Wilsey Asset Management Inc. (0.35%), Victory Capital Management Inc. (0.25%) and Swiss National Bank (0.25%). Insiders that own company stock include David E Howard, Ivan Menezes, Joanne C Crevoiserat, John P Bilbrey, Manesh Dadlani, Sarah Dunn and Todd Kahn.
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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 $34.45.

Tapestry (NYSE:TPR) has a market capitalization of $8.67 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.

The company 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 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.