NYSE:TPR

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Executive Summary

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, China, Hong Kong, Macau, Taiwan, Europe, Canada, South Korea, Malaysia, Singapore, Australia, and New Zealand. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Tapestry's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TPR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.2%

TPR

-5.6%

US Luxury

-3.1%

US Market


1 Year Return

-34.5%

TPR

11.6%

US Luxury

12.7%

US Market

Return vs Industry: TPR underperformed the US Luxury industry which returned 11.6% over the past year.

Return vs Market: TPR underperformed the US Market which returned 12.7% over the past year.


Shareholder returns

TPRIndustryMarket
7 Day-8.2%-5.6%-3.1%
30 Day8.4%1.1%-2.9%
90 Day31.9%11.4%8.2%
1 Year-32.7%-34.5%12.9%11.6%15.3%12.7%
3 Year-54.3%-58.7%65.1%57.4%37.8%28.5%
5 Year-31.8%-42.6%48.8%39.1%90.9%69.4%

Price Volatility Vs. Market

How volatile is Tapestry's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tapestry undervalued compared to its fair value and its price relative to the market?

41.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPR ($16.62) is trading below our estimate of fair value ($28.54)

Significantly Below Fair Value: TPR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TPR is unprofitable, so we can't compare its PE Ratio to the US Luxury industry average.

PE vs Market: TPR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TPR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TPR is overvalued based on its PB Ratio (2x) compared to the US Luxury industry average (1.3x).


Next Steps

Future Growth

How is Tapestry forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?

40.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: TPR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TPR's is expected to become profitable in the next 3 years.

Revenue vs Market: TPR's revenue (4.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: TPR's revenue (4.5% 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 (21.8%)


Next Steps

Past Performance

How has Tapestry performed over the past 5 years?

-11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPR is currently unprofitable.

Growing Profit Margin: TPR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPR is unprofitable, and losses have increased over the past 5 years at a rate of 11.1% per year.

Accelerating Growth: Unable to compare TPR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPR is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-54.2%).


Return on Equity

High ROE: TPR has a negative Return on Equity (-28.65%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tapestry's financial position?


Financial Position Analysis

Short Term Liabilities: TPR's short term assets ($2.6B) exceed its short term liabilities ($1.7B).

Long Term Liabilities: TPR's short term assets ($2.6B) do not cover its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: TPR's debt to equity ratio (101%) is considered high.

Reducing Debt: TPR's debt to equity ratio has increased from 35.8% to 101% over the past 5 years.

Debt Coverage: TPR's debt is not well covered by operating cash flow (17.7%).

Interest Coverage: TPR is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Tapestry current dividend yield, its reliability and sustainability?

5.37%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TPR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TPR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TPR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TPR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Todd Kahn (56 yo)

0.17

Tenure

US$2,978,894

Compensation

Mr. Todd Kahn has been Interim CEO and Brand President of Coach at Tapestry, Inc. since July 21, 2020. He has been Chief Administrative Officer at Kate Spade & Company since July 11, 2017. Mr. Kahn has bee ...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD2.98M) is below average for companies of similar size in the US market ($USD5.71M).

Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Todd Kahn
President0.17yrUS$2.98m0.082%
$ 3.8m
Andrea Resnick
Interim CFO0.17yrUS$1.44m0.051%
$ 2.3m
Joshua Schulman
Executive Officer3.25yrsUS$4.53m0.0067%
$ 308.5k
Joanne Crevoiserat
Interim Chief Executive Officer0.17yrno data0.0056%
$ 255.7k
Thomas Glaser
Chief Operations Officer1.17yrsno data0.046%
$ 2.1m
Manesh Dadlani
VP, Principal Accounting Officer & Controller0.25yrno data0.0064%
$ 292.5k
David Howard
General Counsel & Secretaryno datano data0.025%
$ 1.2m
Sarah Dunn
Global Human Resources Officer6.42yrsUS$1.83m0.036%
$ 1.7m
Jo Baldwin
Global Head of Creative Studio & VP4.92yrsno datano data
Caroline Pasquier
Senior Vice President of Global Public Relations and Communications4.5yrsno datano data
Peter Charles
Global Head of Supply Chainno datano datano data
Noam Paransky
Chief Digital Officer1.67yrsno datano data

1.4yrs

Average Tenure

56yo

Average Age

Experienced Management: TPR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Susan Kropf
Chairman of the Board & Lead Independent Director0.17yrUS$270.04k0.0091%
$ 415.5k
William Nuti
Director Emeritus1.83yrsUS$54.54kno data
Ivan Menezes
Independent Non Executive Director15.58yrsUS$240.04k0.018%
$ 811.3k
John Bilbrey
Director0.42yrno data0.010%
$ 479.8k
Darrell Cavens
Independent Outside Director2.17yrsUS$390.16k0.0033%
$ 152.0k
Anne Gates
Independent Outside Director2.75yrsUS$240.04k0.00070%
$ 32.1k
David Denton
Independent Director6.33yrsUS$270.04k0.0093%
$ 427.0k
Yu Long
Independent Director4.67yrsUS$90.00k0%
$ 0

2.5yrs

Average Tenure

58yo

Average Age

Experienced Board: TPR's board of directors are not considered experienced ( 2.5 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 bought more shares than they have sold 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 company bio, 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$4.591b
  • Shares outstanding: 276.24m
  • Website: https://www.tapestry.com

Number of Employees


Location

  • Tapestry, Inc.
  • 10 Hudson Yards
  • New York
  • New York
  • 10001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPRNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2000
COYDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2000
0LD5LSE (London Stock Exchange)YesCommon StockGBUSDOct 2000
TPRY34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REP 1 COM USD0.01BRBRLMay 2019

Biography

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, China, Hong Kong, Macau, Taiwan, Europe, Canada, South Korea, Malaysia, Singapore, Australia, and New ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 06:32
End of Day Share Price2020/09/22 00:00
Earnings2020/06/27
Annual Earnings2020/06/27


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.