Tapestry (TPR) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tapestry in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TPR shares.
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15 equities research analysts have issued 12 month target prices for Tapestry's stock. Their TPR share price forecasts range from $41.00 to $59.00. On average, they predict the company's stock price to reach $49.80 in the next twelve months. This suggests a possible upside of 41.8% from the stock's current price.
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Tapestry's stock was trading at $38.08 at the beginning of 2023. Since then, TPR stock has decreased by 7.8% and is now trading at $35.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our TPR earnings forecast.

Tapestry will be holding an earnings conference call on Thursday, August 17th 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) announced its quarterly earnings results on Thursday, May, 11th. The luxury accessories retailer reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.19. The luxury accessories retailer earned $1.51 billion during the quarter, compared to analyst estimates of $1.44 billion. Tapestry had a trailing twelve-month return on equity of 39.88% and a net margin of 13.51%. During the same quarter in the previous year, the business posted $0.51 earnings per share.

Tapestry announced a quarterly dividend on Friday, August 11th. Shareholders of record on Friday, September 8th will be given a dividend of $0.35 per share on Monday, September 25th. This represents a $1.40 dividend on an annualized basis and a yield of 3.99%. This is a boost from the stock's previous quarterly dividend of $0.30.
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), 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), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Affinity World Leaders Equity ETF (WLDR), Tema Luxury ETF (LUX) and VanEck Morningstar SMID Moat ETF (SMOT).

Tapestry (NYSE:TPR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.42%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TPR will have a dividend payout ratio of 28.78% 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 has approved a stock repurchase plan on Thursday, May 12th 2022, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 18% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.06%), JPMorgan Chase & Co. (6.07%), Bank Julius Baer & Co. Ltd Zurich (4.85%), Franklin Resources Inc. (3.65%), Victory Capital Management Inc. (2.81%) and Ninety One UK Ltd (2.48%). 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.
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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 $35.12.

Tapestry (NYSE:TPR) has a market capitalization of $8.14 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 $3.68 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.