| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
TPR Overview
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally.
Tapestry Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$39.46 |
| 52 Week High | US$15.23 |
| 52 Week Low | US$49.67 |
| Beta | 1.53 |
| 1 Month Change | -5.71% |
| 3 Month Change | -9.25% |
| 1 Year Change | 141.20% |
| 3 Year Change | -21.50% |
| 5 Year Change | 7.93% |
| Change since IPO | 1,454.11% |
Recent News & Updates
Shareholder Returns
| TPR | US Luxury | US Market | |
|---|---|---|---|
| 7D | -2.3% | -2.8% | 0.1% |
| 1Y | 141.2% | 32.6% | 35.3% |
Return vs Industry: TPR exceeded the US Luxury industry which returned 32.6% over the past year.
Return vs Market: TPR exceeded the US Market which returned 35.3% over the past year.
Price Volatility
| TPR volatility | |
|---|---|
| TPR Beta | 1.53 |
| Industry Beta | 1.14 |
| Market Beta | 1 |
Stable Share Price: TPR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TPR's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1941 | 14,250 | Joanne Crevoiserat | https://www.tapestry.com |
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.
Tapestry Fundamentals Summary
| TPR fundamental statistics | |
|---|---|
| Market Cap | US$10.98b |
| Earnings (TTM) | US$834.20m |
| Revenue (TTM) | US$5.75b |
13.2x
P/E Ratio1.9x
P/S RatioIs TPR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TPR income statement (TTM) | |
|---|---|
| Revenue | US$5.75b |
| Cost of Revenue | US$1.67b |
| Gross Profit | US$4.07b |
| Expenses | US$3.24b |
| Earnings | US$834.20m |
Last Reported Earnings
Jul 03, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.00 |
| Gross Margin | 70.89% |
| Net Profit Margin | 14.52% |
| Debt/Equity Ratio | 48.8% |
How did TPR perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield0%
Payout RatioValuation
Is Tapestry undervalued compared to its fair value and its price relative to the market?
35.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPR ($39.46) is trading below our estimate of fair value ($61.09)
Significantly Below Fair Value: TPR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TPR is good value based on its PE Ratio (13.2x) compared to the US Luxury industry average (18.7x).
PE vs Market: TPR is good value based on its PE Ratio (13.2x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: TPR is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: TPR is overvalued based on its PB Ratio (3.4x) compared to the US Luxury industry average (1.9x).
Future Growth
How is Tapestry forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPR's forecast earnings growth (4.7% per year) is above the savings rate (2%).
Earnings vs Market: TPR's earnings (4.7% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: TPR's earnings are forecast to grow, but not significantly.
Revenue vs Market: TPR's revenue (5.1% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: TPR's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TPR's Return on Equity is forecast to be high in 3 years time (26.1%)
Past Performance
How has Tapestry performed over the past 5 years?
-20.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPR has high quality earnings.
Growing Profit Margin: TPR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TPR's earnings have declined by 20.6% per year over the past 5 years.
Accelerating Growth: TPR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TPR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (79.5%).
Return on Equity
High ROE: TPR's Return on Equity (25.6%) is considered high.
Financial Health
How is Tapestry's financial position?
Financial Position Analysis
Short Term Liabilities: TPR's short term assets ($3.4B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: TPR's short term assets ($3.4B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: TPR's debt to equity ratio (48.8%) is considered high.
Reducing Debt: TPR's debt to equity ratio has increased from 32.4% to 48.8% over the past 5 years.
Debt Coverage: TPR's debt is well covered by operating cash flow (83.2%).
Interest Coverage: TPR's interest payments on its debt are well covered by EBIT (15.3x coverage).
Balance Sheet
Dividend
What is Tapestry current dividend yield, its reliability and sustainability?
2.53%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TPR's dividend (2.53%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: TPR's dividend (2.53%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: TPR's dividend payments have been volatile in the past 10 years.
Growing Dividend: TPR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Unable to calculate sustainability of dividends as TPR has not reported any payouts.
Future Payout to Shareholders
Future Dividend Coverage: TPR's dividends in 3 years are forecast to be well covered by earnings (34.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Joanne Crevoiserat (57 yo)
1.17yrs
Tenure
US$5,259,937
Compensation
Ms. Joanne C. Crevoiserat has been Chief Executive Officer of Tapestry, Inc. since October 27, 2020 and its Director since November 5, 2020 and serves as its President since April 15, 2021. Ms. Crevoiserat...
CEO Compensation Analysis
Compensation vs Market: Joanne's total compensation ($USD5.26M) is below average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: Insufficient data to compare Joanne's compensation with company performance.
Leadership Team
Experienced Management: TPR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: TPR's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TPR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tapestry, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Tapestry, Inc.
- Ticker: TPR
- Exchange: NYSE
- Founded: 1941
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: US$10.983b
- Shares outstanding: 278.32m
- Website: https://www.tapestry.com
Number of Employees
Location
- Tapestry, Inc.
- 10 Hudson Yards
- New York
- New York
- 10001
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/25 22:20 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/07/03 |
| Annual Earnings | 2021/07/03 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.