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Tapestry Inc Stock Research

TPR

42.40USD+2.67(+6.72%)Market Closed

Market Summary

USD42.40+2.67
Market Closed
6.72%

TPR Alerts

TPR Stock Price

TPR RSI Chart

TPR Valuation

Market Cap

9.8B

Price/Earnings (Trailing)

10.91

Price/Sales (Trailing)

1.47

EV/EBITDA

10.19

Price/Free Cashflow

15.28

TPR Price/Sales (Trailing)

TPR Profitability

Operating Margin

69.27%

EBT Margin

15.67%

Return on Equity

36.17%

Return on Assets

11.53%

Free Cashflow Yield

6.54%

TPR Fundamentals

TPR Revenue

Revenue (TTM)

6.7B

Revenue Y/Y

5.01%

Revenue Q/Q

-25.47%

TPR Earnings

Earnings (TTM)

900.7M

Earnings Y/Y

52.16%

Earnings Q/Q

-43.41%

Price Action

52 Week Range

27.5347.48
(Low)(High)

Last 7 days

1.7%

Last 30 days

8.8%

Last 90 days

-4.6%

Trailing 12 Months

20.6%

TPR Financial Health

Current Ratio

1.87

Debt/Equity

0.71

Debt/Cashflow

0.39

TPR Investor Care

Dividend Yield

2.31%

Dividend/Share (TTM)

1

Buy Backs (1Y)

7.94%

Diluted EPS (TTM)

3.68

Peers (Alternatives to Tapestry)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
166.4B
50.6B
-14.96% -11.68%
30.37
3.29
8.13% -10.43%
44.6B
8.5B
-4.61% 20.77%
46.71
5.25
27.91% -6.39%
12.6B
3.6B
-1.68% 74.85%
25.45
3.52
20.04% 18.55%
MID-CAP
9.8B
6.7B
8.83% 20.59%
10.91
1.47
-0.13% 3.85%
7.7B
7.4B
-2.88% 26.01%
20.52
1.03
17.98% -49.69%
7.0B
11.7B
-17.45% -64.35%
17
0.6
4.21% -68.79%
6.8B
3.8B
-8.40% 79.42%
11.06
1.81
50.35% -11.87%
4.2B
5.6B
-7.88% -26.40%
6.88
0.75
-0.62% -25.06%
2.5B
2.0B
-0.73% -15.05%
11.43
1.22
-1.88% 12.86%
SMALL-CAP
1.2B
2.7B
-7.28% -36.00%
-6.96
0.47
5.97% -549.75%
155.4M
500.0M
-6.83% -26.28%
-2.6
0.31
-7.49% -434.87%
142.2M
558.9M
-7.81% -48.10%
11.17
0.25
-5.84% -45.62%
139.6M
690.0M
-13.53% -51.26%
-5.06
0.2
-11.83% -209.82%
52.9M
230.4M
-20.37% -22.66%
-1.61
0.23
-27.29% -864.79%
10.5M
41.9M
1.96% -27.27%
-4.18
0.25
-2.24% -14787.37%

Financials for Tapestry

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.1%6,6666,5946,7106,6856,675
Gross Profit2.0%4,6614,5684,6364,6504,697
  S&GA Expenses1.4%3,5253,4763,5073,472-
EBITDA3.6%991957988998-
EBITDA Margin5.5%0.15*0.14*0.15*0.15*-
Earnings Before Taxes6.9%1,1051,0331,0071,0471,061
EBT Margin4.5%0.16*0.15*0.16*0.16*-
Interest Expenses16.0%-42.00-50.00-58.70-63.20-
Net Income7.6%901837825856867
Net Income Margin3.2%0.13*0.12*0.13*0.13*-
Free Cahsflow-9.9%517573759873-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-3.8%6,9847,2587,0807,2657,338
  Current Assets-11.2%2,2192,4992,3872,5742,559
    Cash Equivalents-23.2%637830527790806
  Inventory-4.3%9349761,140994913
  Goodwill-0.3%1,2451,2491,2211,2421,268
Liabilities-4.5%4,7214,9454,8254,9804,803
  Current Liabilities-14.4%1,1461,3391,3081,4691,733
  Long Term Debt-0.4%1,6421,6481,6531,6591,190
    LT Debt, Current0%25.0025.0025.0031.00400
Shareholder's Equity-2.2%2,2632,3132,2552,2862,535
  Retained Earnings-7.9%-1,170-1,085-1,143-1,166-943
  Additional Paid-In Capital1.0%3,6493,6143,5903,6203,594
Shares Outstanding-1.8%232236241241252
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations25.3%812648661853996
  Share Based Compensation1.8%75.0074.0072.0072.0071.00
Cashflow From Investing-56.0%125283322-253-384
Cashflow From Financing19.0%-1,078-1,330-1,658-1,778-1,445
  Dividend Payments1.7%276271268264203
  Buy Backs-25.9%8521,1501,4451,6001,250

Risks for TPR

What is the probability of a big loss on TPR?

91.5%


Probability that Tapestry stock will be more than 20% underwater in next one year

61.1%


Probability that Tapestry stock will be more than 30% underwater in next one year.

37.7%


Probability that Tapestry stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TPR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Tapestry was unfortunately bought at previous high price.

Drawdowns

Returns for TPR

Cumulative Returns on TPR

-0.5%


10-Year Cumulative Returns

3.7%


7-Year Cumulative Returns

1.2%


5-Year Cumulative Returns

43.9%


3-Year Cumulative Returns

What are the long-term rolling returns for TPR?

FIve years rolling returns for Tapestry.

Annualized Returns

Which funds bought or sold TPR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-06-01
MACQUARIE GROUP LTD
reduced
-1.78
1,656,000
16,452,000
0.02%
2023-05-30
Aspire Private Capital, LLC
reduced
-14.69
-23,368
660,341
0.22%
2023-05-26
ProShare Advisors LLC
added
10.79
438,144
2,161,490
0.01%
2023-05-26
SHEETS SMITH WEALTH MANAGEMENT
unchanged
-
93,110
798,009
0.12%
2023-05-26
ALTERNA WEALTH MANAGEMENT, INC
new
-
202,401
202,401
0.25%
2023-05-25
Brandywine Global Investment Management, LLC
added
122
15,720,100
26,101,000
0.10%
2023-05-24
Old North State Trust, LLC
unchanged
-
-
1,000
-%
2023-05-23
ROYCE & ASSOCIATES LP
added
184
3,062,340
4,444,640
0.04%
2023-05-23
Brookfield Corp /ON/
added
186
2,267,000
3,279,900
0.01%
2023-05-23
Toroso Investments, LLC
added
285
1,051,000
1,364,000
0.02%

1–10 of 44

Latest Funds Activity

Are funds buying TPR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TPR
No. of Funds

Tapestry News

MarketWatch
Tapestry Inc. stock rises Friday, outperforms market.
MarketWatch,
14 hours ago
Seeking Alpha
Proactive Investors USA
Morningstar
Yahoo Finance
Zacks Investment Research

Schedule 13G FIlings of Tapestry

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
12.65%
30,478,112
SC 13G/A
Feb 01, 2023
blackrock inc.
6.5%
15,649,867
SC 13G/A
Jan 27, 2023
jpmorgan chase & co
6.1%
14,765,605
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 03, 2022
blackrock inc.
6.3%
17,203,942
SC 13G/A
Jan 28, 2022
jpmorgan chase & co
6.7%
18,469,495
SC 13G
Feb 16, 2021
state street corp
3.77%
10,447,420
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
0.3%
878,740
SC 13G/A
Feb 10, 2021
vanguard group inc
10.25%
28,436,610
SC 13G/A

TPR Fair Value

Show Fair-Value

Recent SEC filings of Tapestry

View All Filings
Date Filed Form Type Document
Jun 02, 2023
4
Insider Trading
May 31, 2023
SD
SD
May 19, 2023
8-K/A
Current Report
May 11, 2023
8-K
Current Report
May 11, 2023
10-Q
Quarterly Report
Apr 13, 2023
8-K
Current Report
Apr 13, 2023
4
Insider Trading
Apr 13, 2023
3
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for TPR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-12
Lau Alan Ka Ming
acquired
85,016
41.29
2,059
-
2023-03-02
Fraser Elizabeth
sold (taxes)
-54,486
43.87
-1,242
ceo & brand pres. kate spade
2023-02-14
Dadlani Manesh
gifted
-
-
-200
vp, controller and pao
2022-12-02
Dadlani Manesh
acquired
146,832
20.97
7,002
vp, controller and pao
2022-12-02
Dadlani Manesh
sold
-60,954
38.53
-1,582
vp, controller and pao
2022-12-02
Dadlani Manesh
sold (taxes)
-208,833
38.53
-5,420
vp, controller and pao
2022-11-15
Gates Anne
acquired
85,001
34.98
2,430
-
2022-11-15
Denton David M
acquired
85,001
34.98
2,430
-
2022-11-15
CAVENS DARRELL
acquired
85,001
34.98
2,430
-
2022-11-15
Faber Johanna W.
acquired
85,001
34.98
2,430
-

1–10 of 50

Joanne C. Crevoiserat
16400
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company 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. It 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, sunglasses, novelty accessories, and ready-to-wear for men. In addition, the company offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections that include outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, it provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, the company licenses rights to market and distribute its jewelry, eyewear, watches, fragrances, and tech accessories under the Coach brand; and fashion beddings, tableware and housewares, eyewear, watches, stationery and gifts, and tech accessories under the Kate Spade brand. As of July 3, 2021, it operated through a network of 939 Coach stores, 407 Kate Spade stores, and 104 Stuart Weitzman stores. The company 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 based in New York, New York.

TPR Income Statement

2023-04-01
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Apr. 01, 2023
Apr. 02, 2022
Income Statement [Abstract]    
Net sales$ 1,509.5$ 1,437.5$ 5,041.4$ 5,059.6
Cost of sales411.2432.41,499.21,528.4
Gross profit1,098.31,005.13,542.23,531.2
Selling, general and administrative expenses872.0835.62,643.42,603.9
Operating income (loss)226.3169.5898.8927.3
Loss on extinguishment of debt0.00.00.053.7
Interest expense, net6.114.821.446.8
Other expense (income)(3.0)3.01.18.3
Income (loss) before provision for income taxes223.2151.7876.3818.5
Provision (benefit) for income taxes36.529.0164.4151.0
Net income (loss)$ 186.7$ 122.7$ 711.9$ 667.5
Net income (loss) per share:    
Basic (USD per share)$ 0.80$ 0.47$ 2.99$ 2.47
Diluted (USD per share)$ 0.78$ 0.46$ 2.93$ 2.42
Shares used in computing net income (loss) per share:    
Basic (shares)234.6259.9238.4269.7
Diluted (shares)239.7265.5243.2275.9

TPR Balance Sheet

2023-04-01
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2023
Jul. 02, 2022
Current Assets:  
Cash and cash equivalents$ 637.2$ 789.8
Short-term investments14.6163.4
Trade accounts receivable, less allowances for credit losses of $6.2 and $3.7, respectively240.8252.3
Inventories934.1994.2
Income tax receivable203.0217.2
Prepaid expenses120.2105.2
Other current assets69.051.7
Total current assets2,218.92,573.8
Property and equipment, net578.2544.4
Operating lease right-of-use assets1,363.81,281.6
Goodwill1,245.31,241.5
Intangible assets1,361.81,366.6
Deferred income taxes45.047.9
Other assets171.4209.5
Total assets6,984.47,265.3
Current Liabilities:  
Accounts payable331.0520.7
Accrued liabilities495.4628.2
Current portion of operating lease liabilities294.7288.7
Current debt25.031.2
Total current liabilities1,146.11,468.8
Long-term debt1,641.61,659.2
Long-term operating lease liabilities1,332.01,282.3
Deferred income taxes219.8221.7
Long-term income taxes payable63.595.3
Other liabilities318.0252.5
Total liabilities4,721.04,979.8
See Note 14 on commitments and contingencies
Stockholders' Equity:  
Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued0.00.0
Common stock: (authorized 1.0 billion shares; $0.01 par value per share) issued and outstanding - 231.8 million and 241.2 million shares, respectively2.32.4
Additional paid-in-capital3,649.23,620.2
Retained earnings (accumulated deficit)(1,170.5)(1,166.2)
Accumulated other comprehensive income (loss)(217.6)(170.9)
Total stockholders' equity2,263.42,285.5
Total liabilities and stockholders' equity$ 6,984.4$ 7,265.3