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NYSE:TPR

Tapestry (TPR) Stock Price, News & Analysis

Tapestry logo
$64.15 +1.49 (+2.38%)
(As of 12/20/2024 05:45 PM ET)

About Tapestry Stock (NYSE:TPR)

Key Stats

Today's Range
$62.13
$64.62
50-Day Range
$43.54
$64.58
52-Week Range
$35.23
$65.30
Volume
11.66 million shs
Average Volume
3.57 million shs
Market Capitalization
$14.95 billion
P/E Ratio
18.54
Dividend Yield
2.18%
Price Target
$61.24
Consensus Rating
Moderate Buy

Company Overview

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms. The company also provides men products, which includes bag collections, such as business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods including wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear items. In addition, it offers other products including women's footwear and fragrances; eyewear and sunglasses; and jewelry, such as bracelets, necklaces, rings, and earrings, watches, and other women's seasonal lifestyle apparel collections, including outerwear, ready-to-wear and cold weather accessories, such as gloves, scarves, and hats. Further, the company provides kids items, housewares, and home accessories, such as fashion bedding and tableware, stationery, and gifts. It offers its products through e-commerce sites and concession shop-in-shops, wholesale, and third-party distributors under the Coach, Kate Spade, and Stuart Weitzman brand names. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.

Tapestry Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

TPR MarketRank™: 

Tapestry scored higher than 75% of companies evaluated by MarketBeat, and ranked 104th out of 218 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tapestry has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Tapestry has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Tapestry's stock forecast and price target.
  • Earnings Growth

    Earnings for Tapestry are expected to grow by 6.14% in the coming year, from $4.56 to $4.84 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tapestry is 18.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tapestry is 18.54, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 109.00.

  • Price to Earnings Growth Ratio

    Tapestry has a PEG Ratio of 1.80. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Tapestry has a P/B Ratio of 5.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    9.79% of the float of Tapestry has been sold short.
  • Short Interest Ratio / Days to Cover

    Tapestry has a short interest ratio ("days to cover") of 5.7.
  • Change versus previous month

    Short interest in Tapestry has recently increased by 265.43%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Tapestry pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Tapestry does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Tapestry is 40.46%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Tapestry will have a dividend payout ratio of 28.93% next year. This indicates that Tapestry will be able to sustain or increase its dividend.

  • Read more about Tapestry's dividend.
  • Percentage of Shares Shorted

    9.79% of the float of Tapestry has been sold short.
  • Short Interest Ratio / Days to Cover

    Tapestry has a short interest ratio ("days to cover") of 5.7.
  • Change versus previous month

    Short interest in Tapestry has recently increased by 265.43%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Tapestry has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Tapestry this week, compared to 11 articles on an average week.
  • Search Interest

    Only 10 people have searched for TPR on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.
  • MarketBeat Follows

    10 people have added Tapestry to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tapestry insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $514,221.00 in company stock.

  • Percentage Held by Insiders

    Only 1.18% of the stock of Tapestry is held by insiders.

  • Percentage Held by Institutions

    90.77% of the stock of Tapestry is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Tapestry's insider trading history.
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TPR Stock News Headlines

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TPR Stock Analysis - Frequently Asked Questions

Tapestry's stock was trading at $36.81 at the beginning of 2024. Since then, TPR stock has increased by 74.3% and is now trading at $64.15.
View the best growth stocks for 2024 here
.

Tapestry, Inc. (NYSE:TPR) announced its quarterly earnings data on Thursday, August, 15th. The luxury accessories retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm's revenue was down 1.8% on a year-over-year basis.
Read the conference call transcript
.

Tapestry subsidiaries include these companies: Kate Spade & Company, Stuart Weitzman Holdings LLC, 17052011 Limited, 504-514 West 34th Street Corp., B.B. SAS, Coach Brasil Participações Ltda, Coach Consulting Dongguan Co. Ltd., and more.

Tapestry's top institutional shareholders include FMR LLC (6.83%), State Street Corp (3.54%), Charles Schwab Investment Management Inc. (3.27%) and Pacer Advisors Inc. (2.61%). Insiders that own company stock include Thomas A Glaser, Manesh Dadlani and Joanne C Crevoiserat.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tapestry investors own include Humana (HUM), NVIDIA (NVDA), Meta Platforms (META), American Water Works (AWK), Salesforce (CRM), TotalEnergies (TTE) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
8/15/2024
Ex-Dividend for 9/23 Dividend
9/06/2024
Dividend Payable
9/23/2024
Ex-Dividend for 12/23 Dividend
12/06/2024
Today
12/22/2024
Dividend Payable
12/23/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Leather & leather products
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
18975410
Employees
18,600
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$61.24
High Stock Price Target
$80.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$816 million
Pretax Margin
14.99%

Debt

Sales & Book Value

Annual Sales
$6.67 billion
Cash Flow
$5.51 per share
Book Value
$12.61 per share

Miscellaneous

Free Float
230,286,000
Market Cap
$14.95 billion
Optionable
Optionable
Beta
1.60

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This page (NYSE:TPR) was last updated on 12/23/2024 by MarketBeat.com Staff
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