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TPR

TapestryNYSE:TPR Stock Report

Market Cap

US$11.0b

7D

-2.3%

1Y

141.2%

Updated

25 Sep, 2021

Data

Company Financials +
TPR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health3/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Tapestry
Historical stock prices
Current Share PriceUS$39.46
52 Week HighUS$15.23
52 Week LowUS$49.67
Beta1.53
1 Month Change-5.71%
3 Month Change-9.25%
1 Year Change141.20%
3 Year Change-21.50%
5 Year Change7.93%
Change since IPO1,454.11%

Recent News & Updates

Shareholder Returns

TPRUS LuxuryUS Market
7D-2.3%-2.8%0.1%
1Y141.2%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

Is TPR's price volatile compared to industry and market?
TPR volatility
TPR Beta1.53
Industry Beta1.14
Market Beta1

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

FoundedEmployeesCEOWebsite
194114,250Joanne Crevoiserathttps://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

How do Tapestry's earnings and revenue compare to its market cap?
TPR fundamental statistics
Market CapUS$10.98b
Earnings (TTM)US$834.20m
Revenue (TTM)US$5.75b

13.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TPR income statement (TTM)
RevenueUS$5.75b
Cost of RevenueUS$1.67b
Gross ProfitUS$4.07b
ExpensesUS$3.24b
EarningsUS$834.20m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.00
Gross Margin70.89%
Net Profit Margin14.52%
Debt/Equity Ratio48.8%

How did TPR perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

0%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:20
End of Day Share Price2021/09/24 00:00
Earnings2021/07/03
Annual Earnings2021/07/03


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.