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 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TPR shares.
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16 brokers have issued 1 year target prices for Tapestry's stock. Their TPR share price forecasts range from $37.00 to $55.00. On average, they predict the company's stock price to reach $47.31 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
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Tapestry's stock was trading at $38.08 at the beginning of the year. Since then, TPR stock has increased by 5.7% and is now trading at $40.25.
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Tapestry saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 11,870,000 shares, an increase of 15.6% from the February 13th total of 10,270,000 shares. Based on an average trading volume of 3,390,000 shares, the short-interest ratio is currently 3.5 days. Approximately 5.1% of the shares of the stock are sold short.
View Tapestry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our TPR earnings forecast.

Tapestry, Inc. (NYSE:TPR) announced its earnings results on Thursday, February, 9th. The luxury accessories retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.09. The luxury accessories retailer had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.04 billion. Tapestry had a trailing twelve-month return on equity of 36.58% and a net margin of 12.69%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share.
Read the conference call transcript.

Tapestry declared a quarterly dividend on Tuesday, February 21st. Shareholders of record on Friday, March 10th will be given a dividend of $0.30 per share on Monday, March 27th. This represents a $1.20 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for TPR.

ETFs with the largest weight of Tapestry (NYSE:TPR) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), AAM S&P 500 High Dividend Value ETF (SPDV), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), VanEck Morningstar SMID Moat ETF (SMOT), First Trust Long/Short Equity ETF (FTLS), Global X S&P 500 Quality Dividend ETF (QDIV) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 28.92% 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 initiated a stock buyback program on Thursday, May 12th 2022, which allows the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 18% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Tapestry updated its FY23 earnings guidance on Thursday, February, 9th. The company provided earnings per share (EPS) guidance of $3.70-$3.75 for the period, compared to the consensus estimate of $3.65. The company issued revenue guidance of $6.6 billion, compared to the consensus revenue estimate of $6.61 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 retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (4.58%), Alliancebernstein L.P. (2.69%), Ninety One UK Ltd (2.56%), Geode Capital Management LLC (2.09%), American Century Companies Inc. (1.98%) and Lazard Asset Management LLC (1.97%). 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 $40.25.

Tapestry (NYSE:TPR) has a market capitalization of $9.50 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 $3.36 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.