Tapestry (TPR) Stock Price, News & Analysis

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TPR shares.
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17 equities research analysts have issued 12 month target prices for Tapestry's shares. Their TPR share price targets range from $33.00 to $60.00. On average, they predict the company's share price to reach $47.81 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 $36.81 at the beginning of 2024. Since then, TPR shares have increased by 10.6% and is now trading at $40.70.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our TPR earnings forecast.

Tapestry, Inc. (NYSE:TPR) posted its quarterly earnings data on Thursday, February, 8th. The luxury accessories retailer reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. The luxury accessories retailer had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. Tapestry had a net margin of 13.80% and a trailing twelve-month return on equity of 41.75%. Tapestry's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS.
Read the conference call transcript.

Tapestry declared a quarterly dividend on Thursday, February 8th. Stockholders of record on Friday, March 8th will be given a dividend of $0.35 per share on Monday, March 25th. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, March 7th.
Read our dividend analysis for TPR.

Tapestry (NYSE:TPR) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.46%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 30.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TPR.

ETFs with the largest weight of Tapestry (NYSE:TPR) stock in their portfolio include First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Global X S&P 500 Quality Dividend ETF (QDIV), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), VictoryShares Free Cash Flow ETF (VFLO) and First Trust Dorsey Wright Momentum & Value ETF (DVLU).

Tapestry declared that its Board of Directors has authorized a share repurchase program 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 programs are typically a sign that the company's leadership believes its stock is undervalued.

Tapestry updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 4.200-4.250 for the period, compared to the consensus estimate of 4.120. The company issued revenue guidance of $6.7 billion-$6.7 billion, compared to the consensus revenue estimate of $6.7 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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wilsey Asset Management Inc. (0.32%), Los Angeles Capital Management LLC (0.17%), IMC Chicago LLC (0.00%), Alaska Permanent Fund Corp (0.02%), FCF Advisors LLC (0.01%) and Ferguson Wellman Capital Management Inc. (0.01%). Insiders that own company stock include David E Howard, Joanne C Crevoiserat, Manesh Dadlani, Sarah Dunn, Thomas A Glaser 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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