TPR Stock - Tapestry, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $7.01B | $6.67B | $6.66B | $6.68B | $5.75B |
| Gross Profit | $5.29B | $4.89B | $4.71B | $4.65B | $4.08B |
| Gross Margin | 75.4% | 73.3% | 70.8% | 69.6% | 71.0% |
| Operating Income | $415.00M | $1.14B | $1.17B | $1.18B | $968.00M |
| Net Income | $183.20M | $816.00M | $936.00M | $856.30M | $834.20M |
| Net Margin | 2.6% | 12.2% | 14.1% | 12.8% | 14.5% |
| EPS | $0.85 | $3.56 | $3.96 | $3.24 | $3.00 |
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 accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. The company also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear for men. In addition, it offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, the company provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, it licenses rights to market and distribute its tech and soft accessories, jewelry, watches, eyewear, and fragrances under the Coach brand; and tableware and housewares, fashion beddings, tech accessories, watches, sleepwear, eyewear, stationery and gifts, and fragrances under the Kate Spade brand. As of July 2, 2022, the company operated through a network of 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. It sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 10th 2025 | Guggenheim | Initiation | Neutral | - |
| October 15th 2025 | BTIG Research | Initiation | Buy | $140 |
| July 29th 2025 | BofA Securities | Downgrade | Neutral | $115 |
| June 12th 2025 | TD Cowen | Upgrade | Buy | $100 |
| May 8th 2025 | Morgan Stanley | Upgrade | Overweight | $90 |
| February 18th 2025 | Redburn Atlantic | Upgrade | Buy | $110 |
| January 21st 2025 | Morgan Stanley | Resumed | Equal Weight | $65 |
| January 8th 2025 | Barclays | Upgrade | Overweight | $87← $57 |
| December 19th 2024 | Jefferies | Upgrade | Buy | $80← $50 |
| November 20th 2024 | Barclays | Resumed | Equal Weight | $57 |
| November 15th 2024 | Telsey Advisory Group | Reiterated | Outperform | $67← $58 |
| October 29th 2024 | TD Cowen | Downgrade | Hold | $52 |
| March 6th 2024 | Telsey Advisory Group | Reiterated | Outperform | $54← $49 |
| February 29th 2024 | Jefferies | Downgrade | Hold | $50 |
| February 5th 2024 | Evercore ISI | Upgrade | Outperform | $50← $30 |
Earnings History & Surprises
TPREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $2.16 | — | — | — |
Q4 2025 | Nov 6, 2025 | $1.26 | $1.38 | +9.5% | ✓ BEAT |
Q3 2025 | Aug 14, 2025 | $1.02 | $1.04 | +2.0% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.88 | $1.03 | +17.2% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $1.70 | $2.00 | +17.6% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.95 | $1.02 | +7.4% | ✓ BEAT |
Q3 2024 | Aug 15, 2024 | $0.88 | $0.92 | +4.5% | ✓ BEAT |
Q2 2024 | May 9, 2024 | $0.68 | $0.81 | +18.6% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $1.46 | $1.63 | +11.6% | ✓ BEAT |
Q4 2023 | Nov 9, 2023 | $0.90 | $0.93 | +3.3% | ✓ BEAT |
Q3 2023 | Aug 17, 2023 | $0.97 | $0.95 | -2.1% | ✗ MISS |
Q2 2023 | May 11, 2023 | $0.59 | $0.78 | +32.2% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $1.27 | $1.36 | +7.1% | ✓ BEAT |
Q4 2022 | Nov 10, 2022 | $0.75 | $0.79 | +5.3% | ✓ BEAT |
Q3 2022 | Aug 18, 2022 | $0.77 | $0.78 | +1.3% | ✓ BEAT |
Q2 2022 | May 12, 2022 | $0.41 | $0.51 | +24.4% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $1.18 | $1.33 | +12.7% | ✓ BEAT |
Q4 2021 | Nov 11, 2021 | $0.70 | $0.82 | +17.1% | ✓ BEAT |
Q3 2021 | Aug 19, 2021 | $0.69 | $0.74 | +7.2% | ✓ BEAT |
Latest News
Shares of broader consumer discretionary stocks are trading higher. Softer-than-expected November CPI may be lifting broader market sentiment.
📈 PositiveWells Fargo Maintains Overweight on Tapestry, Raises Price Target to $135
📈 PositiveJefferies Maintains Buy on Tapestry, Raises Price Target to $142
📈 PositiveGuggenheim Initiates Coverage On Tapestry with Neutral Rating
➖ NeutralJP Morgan Maintains Overweight on Tapestry, Raises Price Target to $148
📈 PositiveJP Morgan Maintains Overweight on Tapestry, Raises Price Target to $147
📈 PositiveWells Fargo Maintains Overweight on Tapestry, Lowers Price Target to $125
➖ NeutralBernstein Maintains Outperform on Tapestry, Raises Price Target to $115
📈 PositiveTelsey Advisory Group Maintains Outperform on Tapestry, Maintains $125 Price Target
📈 PositiveMorgan Stanley Maintains Overweight on Tapestry, Raises Price Target to $126
📈 PositiveTapestry Raises FY2026 Adj EPS Guidance from $5.30-$5.45 to $5.45-$5.60 vs $5.49 Est; Raises FY2026 Sales Guidance from $7.200B to $7.300B vs $7.225B Est
📈 PositiveTapestry shares are trading lower. The company reported Q1 financial results.
📉 NegativeTapestry Q1 Adj. EPS $1.38 Beats $1.26 Estimate, Sales $1.705B Beat $1.637B Estimate
📈 PositiveEvercore ISI Group Maintains Outperform on Tapestry, Raises Price Target to $129
📈 PositiveTelsey Advisory Group Maintains Outperform on Tapestry, Maintains $125 Price Target
📈 PositiveWells Fargo Maintains Overweight on Tapestry, Raises Price Target to $135
📈 PositiveJefferies Maintains Buy on Tapestry, Raises Price Target to $135
📈 PositiveRaymond James Maintains Outperform on Tapestry, Raises Price Target to $130
📈 PositiveBTIG Initiates Coverage On Tapestry with Buy Rating, Announces Price Target of $140
📈 PositiveGoldman Sachs Maintains Buy on Tapestry, Raises Price Target to $130
📈 PositiveFrequently Asked Questions about TPR
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