Tapestry
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 (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear.
Employees: 20,800
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 14 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
87% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 55
50% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 9 (+3) [Q3]
8% more funds holding
Funds holding: 607 [Q2] → 655 (+48) [Q3]
7% more capital invested
Capital invested by funds: $9.19B [Q2] → $9.8B (+$614M) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 223
0% less call options, than puts
Call options by funds: $305M | Put options by funds: $306M
2.87% less ownership
Funds ownership: 93.52% [Q2] → 90.65% (-2.87%) [Q3]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$52
21%
downside
Avg. target
$64
3%
downside
High target
$80
21%
upside
14 analyst ratings
11 positive
79%
3 neutral
21%
0 negative
0%
Jefferies Ashley Helgans 50% 1-year accuracy 4 / 8 met price target | 21%upside $80 | Buy Upgraded | 19 Dec 2024 |
JP Morgan Matthew Boss 55% 1-year accuracy 34 / 62 met price target | 13%upside $75 | Overweight Maintained | 16 Dec 2024 |
Barclays Adrienne Yih 51% 1-year accuracy 48 / 94 met price target | 14%downside $57 | Equal-Weight Reinstated | 20 Nov 2024 |
BMO Capital Simeon Siegel 85% 1-year accuracy 17 / 20 met price target | 9%downside $60 | Market Perform Maintained | 18 Nov 2024 |
Wells Fargo Ike Boruchow 59% 1-year accuracy 24 / 41 met price target | 13%upside $75 | Overweight Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 13 articles about TPR published over the past 30 days
Positive
Zacks Investment Research
3 hours ago
3 Luxury Brand Stocks Ready to Boost Your Portfolio in 2025
With improving market conditions and rising consumer demand for luxury products, companies like lululemon, Ralph Lauren and Tapestry are positioned well.
Positive
Seeking Alpha
5 days ago
Tapestry: Coach Rebranding Holds Promise For Future Growth
Tapestry owns accessible luxury brands Coach, Kate Spade and Stuart Weitzman. Coach has received a facelift and this has been reflected in the recent success. The company has kept prices high at Coach and demand hasn't been affected. Kate Spade and Stuart Weitzman have overshadowed Coach's performance, but if the economy recovers, and they catch up, then margins should improve.
Positive
Zacks Investment Research
1 week ago
All You Need to Know About Tapestry (TPR) Rating Upgrade to Strong Buy
Tapestry (TPR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Positive
Zacks Investment Research
1 week ago
Buy These 5 Retail Stocks With Upside for 2025 as Sales Continue to Grow
Retail stocks like AMZN, GAP, WSM, TPR and URBN are poised to gain from the surge in retail sales.
Positive
Zacks Investment Research
1 week ago
Best Income Stocks to Buy for December 18th
BBAR, TPR and ALL made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 18, 2024.
Neutral
Business Wire
1 week ago
Tapestry, Inc. Releases FY2024 Corporate Responsibility Report
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today released its Fiscal Year 2024 (FY2024) Corporate Responsibility (CR) report. The report details the company's progress and achievements in sustainability, social impact and community building over the past year. The company's framework, The Fabric of Change, encapsulates its vision for a better-made future. “We believe investing in.
Neutral
Business Wire
2 weeks ago
Tapestry, Inc. Announces Closing of $1.5 Billion Senior Unsecured Notes Offering
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of the offering of its $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and its $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loan.
Positive
24/7 Wall Street
3 weeks ago
Jim Cramer Says 4 Large Cap Dividend Stocks Are Sizzling December Buys
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.
Neutral
Business Wire
3 weeks ago
Tapestry, Inc. Prices Senior Unsecured Notes Offering
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR) a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of its offering of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The offering is expected to close, subject to normal closing conditions, on December 11, 2024. The Company intends to use the.
Neutral
Business Wire
3 weeks ago
Tapestry, Inc. Announces Commencement of Senior Unsecured Notes Offering
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of senior unsecured notes (the “Notes”). The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facil.
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