Tapestry Inc Stock Research

Market Summary

USD44.12+0.06

Market Closed

0.14%

TPR Stock Price

TPR RSI Chart

TPR Valuation

Market Cap

10.6B

Price/Earnings (Trailing)

12.89

Price/Sales (Trailing)

1.58

EV/EBITDA

12.29

Price/Free Cashflow

18.54

TPR Price/Sales (Trailing)

TPR Profitability

Operating Margin

69.09%

EBT Margin

15.00%

Return on Equity

36.57%

Return on Assets

11.65%

Free Cashflow Yield

5.39%

TPR Fundamentals

TPR Revenue

Revenue (TTM)

6.7B

Revenue Y/Y

1.73%

Revenue Q/Q

-7.29%

TPR Earnings

Earnings (TTM)

824.7M

Earnings Y/Y

-13.93%

Earnings Q/Q

3.44%

Price Action

52 Week Range

26.3944.47

(Low)(High)

Last 7 days

0.9%

Last 30 days

19.5%

Last 90 days

38.1%

Trailing 12 Months

19.8%

TPR Financial Health

Current Ratio

1.82

Debt/Equity

0.73

Debt/Cashflow

0.4

TPR Investor Care

Dividend Yield

2.31%

Dividend/Share (TTM)

Buy Backs (1Y)

13.41%

Diluted EPS (TTM)

3.15

Peers (Alternatives to Tapestry)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NKE	199.9B	46.7B	10.91%	-10.88%	35.43	2.94	4.88%	-7.28%
LULU	38.0B	7.5B	0.61%	1.41%	32.51	5.09	27.50%	34.32%
VFC	11.8B	11.8B	17.75%	-53.89%	27.89	1	11.15%	-63.33%
DECK	11.3B	3.4B	9.03%	42.72%	25.2	3.31	19.13%	2.04%
TPR	10.6B	6.7B	19.50%	19.77%	12.89	1.58	10.82%	-0.57%
MID-CAP
CPRI	8.5B	5.9B	16.32%	15.84%	10.23	1.44	16.25%	99.52%
CROX	7.5B	3.2B	15.36%	29.37%	13.43	2.34	49.49%	-26.11%
SKX	7.4B	7.2B	14.08%	15.66%	10.54	1.03	20.34%	78.39%
SHOO	2.8B	2.2B	12.35%	-10.67%	10.9	1.24	35.91%	69.90%
SMALL-CAP
WWW	1.2B	2.7B	53.01%	-40.34%	7.58	0.45	16.01%	281.37%
RCKY	222.2M	646.0M	36.96%	-24.86%	8.39	0.34	49.40%	49.42%
VRA	171.8M	502.4M	36.70%	-29.30%	-6.5	0.34	-5.78%	-228.18%
UFI	149.3M	799.3M	4.41%	-55.19%	-111.18	0.19	10.69%	-103.91%
CULP	64.7M	258.2M	14.60%	-39.54%	-2.67	0.25	-18.29%	-462.69%
FORD	12.0M	42.3M	13.33%	-24.20%	-8.69	0.28	8.50%	-363.12%

Financials for Tapestry

Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	0.4%	6,710	6,685	6,675	6,511	6,055
Gross Profit	-0.3%	4,636	4,650	4,697	4,604	4,320
S&GA Expenses	1.0%	3,507	3,472	3,418	3,138	-
EBITDA	-3.2%	957	988	998	939	-
EBITDA Margin	-3.6%	0.14*	0.15*	0.15*	0.14*	-
Earnings Before Taxes	-3.9%	1,007	1,047	1,061	1,004	989
EBT Margin	-4.2%	0.15*	0.16*	0.16*	0.15*	-
Interest Expenses	14.8%	-50.00	-58.70	-63.20	-65.30	-68.10
Net Income	-3.7%	825	856	867	836	829
Net Income Margin	-4.1%	0.12*	0.13*	0.13*	0.13*	-
Free Cahsflow	-24.5%	573	759	873	1,108	-

* denotes actual numbers (not divided by Millions)

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-2.6%	7,080	7,265	7,338	7,929	8,014
Current Assets	-7.2%	2,387	2,574	2,559	3,059	3,086
Cash Equivalents	-33.3%	527	790	806	1,257	1,253
Inventory	14.6%	1,140	994	913	750	818
Goodwill	-1.6%	1,221	1,242	1,268	1,285	1,295
Liabilities	-3.1%	4,825	4,980	4,803	5,002	4,864
Current Liabilities	-10.9%	1,308	1,469	1,733	1,844	1,647
Long Term Debt	-0.3%	1,653	1,659	1,190	1,189	1,191
LT Debt, Current	-19.9%	25	31	400	400	400
Shareholder's Equity	-1.3%	2,255	2,286	2,535	2,927	3,150
Retained Earnings	1.9%	-1,143.60	-1,166.20	-943.30	-501.00	-251.20
Additional Paid-In Capital	-0.8%	3,590	3,620	3,594	3,522	3,481
Shares Outstanding	-0.1%	241	241	252	264	278
Float	-	10,600	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-22.5%	661	853	996	1,246	1,256
Share Based Compensation	0.3%	72	72	71	69	65
Cashflow From Investing	226.8%	322	-253.60	-384.90	-520.90	-517.40
Cashflow From Financing	6.7%	-1,658.10	-1,778.10	-1,445.70	-1,099.20	-1,003.80
Dividend Payments	1.2%	268	264	203	138	70
Buy Backs	-9.7%	1,445	1,600	1,250	750	250

Risks for TPR

What is the probability of a big loss on TPR?

84.6%

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

1.1%

10-Year Cumulative Returns

5.2%

7-Year Cumulative Returns

0.7%

5-Year Cumulative Returns

20.0%

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 ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	COMERICA BANK	added	25.39	7,488,000	16,818,000	0.13%
2023-01-26	Accel Wealth Management	unchanged	-	94	2,094	-%
2023-01-26	State of Tennessee, Treasury Department	added	107.46	1,280,000	2,653,000	0.01%
2023-01-26	United Asset Strategies, Inc.	added	10.13	196,241	609,241	0.09%
2023-01-26	WILSEY ASSET MANAGEMENT INC	reduced	-0.46	8,492,420	33,969,400	8.08%
2023-01-26	DUMONT & BLAKE INVESTMENT ADVISORS LLC	new	-	221,000	221,000	0.08%
2023-01-26	TRUE SIGNAL LP	new	-	2,029,970	2,029,970	1.53%
2023-01-26	DUPONT CAPITAL MANAGEMENT CORP	reduced	-3.72	522,193	2,326,190	0.11%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	unchanged	-	185,783	731,783	0.01%
2023-01-26	STRS OHIO	reduced	-0.67	4,762,000	19,173,000	0.09%

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

Schedule 13G FIlings of Tapestry

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
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	price t rowe associates inc /md/	0.3%	878,740	SC 13G/A
Feb 16, 2021	state street corp	3.77%	10,447,420	SC 13G/A
Feb 10, 2021	vanguard group inc	10.25%	28,436,610	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G/A
Feb 01, 2021	blackrock inc.	8.2%	22,853,109	SC 13G/A
May 11, 2020	fmr llc	-	0	SC 13G/A
Feb 14, 2020	price t rowe associates inc /md/	5.2%	14,355,968	SC 13G/A

TPR Fair Value

Recent SEC filings of Tapestry

View All Filings

Date Filed	Form Type	Document
Dec 05, 2022	4	Insider Trading
Nov 17, 2022	8-K	Current Report
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading
Nov 16, 2022	4	Insider Trading

Latest Insider Trading transactions for TPR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-02	Dadlani Manesh	sold	-60,954.5	38.53	-1,582	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 (taxes)	-208,833	38.53	-5,420	vp, controller and pao
2022-11-15	Lifford Pamela	acquired	85,001.4	34.98	2,430	-
2022-11-15	BILBREY JOHN P	acquired	85,001.4	34.98	2,430	-
2022-11-15	Faber Johanna W.	acquired	85,001.4	34.98	2,430	-
2022-11-15	Menezes Ivan	acquired	85,001.4	34.98	2,430	-
2022-11-15	Denton David M	acquired	85,001.4	34.98	2,430	-
2022-11-15	CAVENS DARRELL	acquired	85,001.4	34.98	2,430	-
2022-11-15	Greco Thomas	acquired	85,001.4	34.98	2,430	-

About Tapestry

Joanne C. Crevoiserat

www.coach.com

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

2022-10-01

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Oct. 01, 2022	Oct. 02, 2021
Income Statement [Abstract]
Net sales	$ 1,506.5	$ 1,480.9
Cost of sales	451.9	412.2
Gross profit	1,054.6	1,068.7
Selling, general and administrative expenses	800.3	773.7
Operating income (loss)	254.3	295.0
Interest expense, net	7.4	16.1
Other expense (income)	10.7	2.2
Income (loss) before provision for income taxes	236.2	276.7
Provision (benefit) for income taxes	40.9	49.8
Net income (loss)	$ 195.3	$ 226.9
Net income (loss) per share:
Basic (USD per share)	$ 0.81	$ 0.82
Diluted (USD per share)	$ 0.79	$ 0.80
Shares used in computing net income (loss) per share:
Basic (shares)	241.5	278.2
Diluted (shares)	246.8	285.2

TPR Balance Sheet

2022-10-01

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 01, 2022	Jul. 02, 2022
Current Assets:
Cash and cash equivalents	$ 526.5	$ 789.8
Short-term investments	30.6	163.4
Trade accounts receivable, less allowances for credit losses of $3.3 and $3.7, respectively	269.6	252.3
Inventories	1,139.8	994.2
Income tax receivable	227.6	217.2
Prepaid expenses	144.7	105.2
Other current assets	48.6	51.7
Total current assets	2,387.4	2,573.8
Property and equipment, net	526.3	544.4
Operating lease right-of-use assets	1,281.6	1,281.6
Goodwill	1,221.3	1,241.5
Intangible assets	1,364.9	1,366.6
Deferred income taxes	45.1	47.9
Other assets	253.4	209.5
Total assets	7,080.0	7,265.3
Current Liabilities:
Accounts payable	510.9	520.7
Accrued liabilities	489.8	628.2
Current portion of operating lease liabilities	282.7	288.7
Current debt	25.0	31.2
Total current liabilities	1,308.4	1,468.8
Long-term debt	1,653.4	1,659.2
Long-term operating lease liabilities	1,273.3	1,282.3
Deferred income taxes	207.7	221.7
Long-term income taxes payable	84.7	95.3
Other liabilities	297.1	252.5
Total liabilities	4,824.6	4,979.8
See Note 14 on commitments and contingencies
Stockholders' Equity:
Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued	0.0	0.0
Common stock: (authorized 1.0 billion shares; $0.01 par value per share) issued and outstanding - 240.9 million and 241.2 million shares, respectively	2.4	2.4
Additional paid-in-capital	3,589.5	3,620.2
Retained earnings (accumulated deficit)	(1,143.6)	(1,166.2)
Accumulated other comprehensive income (loss)	(192.9)	(170.9)
Total stockholders' equity	2,255.4	2,285.5
Total liabilities and stockholders' equity	$ 7,080.0	$ 7,265.3