TapestryTPR
Market Cap: $9.29B
About: Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.
Employees: 20,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
32% more repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 192
15% more call options, than puts
Call options by funds: $179M | Put options by funds: $155M
1.85% less ownership
Funds ownership: 92.05% [Q1] → 90.19% (-1.85%) [Q2]
4% less funds holding
Funds holding: 626 [Q1] → 604 (-22) [Q2]
11% less capital invested
Capital invested by funds: $10B [Q1] → $8.86B (-$1.15B) [Q2]
24% less first-time investments, than exits
New positions opened: 71 | Existing positions closed: 93
25% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 6 (-2) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
UBS Jay Sole 43% 1-year accuracy 12 / 28 met price target | 1%downside $40 | Neutral Maintained | 16 Aug 2024 |
Wells Fargo Ike Boruchow 50% 1-year accuracy 19 / 38 met price target | 24%upside $50 | Overweight Maintained | 16 Aug 2024 |
JP Morgan Matthew Boss 35% 1-year accuracy 19 / 54 met price target | 26%upside $51 | Overweight Maintained | 16 Aug 2024 |
Telsey Advisory Group Dana Telsey 39% 1-year accuracy 66 / 171 met price target | 34%upside $54 | Outperform Maintained | 16 Aug 2024 |
Telsey Advisory Group Dana Telsey 39% 1-year accuracy 66 / 171 met price target | 34%upside $54 | Outperform Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 18 articles about TPR published over the past 30 days