TipRanks (Thu, 28-Mar 12:20 AM ET)
Globe Newswire (Thu, 7-Mar 9:00 AM ET)
Tapestry, Inc. Appoints Kevin Hourican and David Elkins to Board of Directors
Business Wire (Thu, 29-Feb 6:45 AM ET)
COACH INTRODUCES "FIND YOUR COURAGE"
PRNewswire (Thu, 15-Feb 9:00 AM ET)
COACH INTRODUCES FALL 2024 COLLECTION
PRNewswire (Mon, 12-Feb 7:43 PM ET)
Tapestry, Inc. Delivers Record Q2 Revenue and EPS; Raises Fiscal 2024 EPS Outlook
Business Wire (Thu, 8-Feb 6:45 AM ET)
Tapestry, Inc. to Host FY24 Second Quarter Earnings Call
Business Wire (Thu, 1-Feb 6:45 AM ET)
Business Wire (Wed, 31-Jan 10:00 AM ET)
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.
Tapestry trades on the NYSE stock market under the symbol TPR.
As of March 28, 2024, TPR stock price climbed to $47.28 with 941,353 million shares trading.
TPR has a beta of 1.06, meaning it tends to be more sensitive to market movements. TPR has a correlation of 0.14 to the broad based SPY ETF.
TPR has a market cap of $10.83 billion. This is considered a Large Cap stock.
Last quarter Tapestry reported $2 billion in Revenue and $1.63 earnings per share. This beat revenue expectation by $35 million and exceeded earnings estimates by $.17.
In the last 3 years, TPR stock traded as high as $49.67 and as low as $25.99.
The top ETF exchange traded funds that TPR belongs to (by Net Assets): VTI, VB, VOO, SCHD, VBR.
TPR has underperformed the market in the last year with a price return of +19.4% while the SPY ETF gained +33.7%. However, in the short term, TPR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +27.4% vs +10.2% return in SPY. But in the last 2 weeks, TPR shares have been beat by the market, returning -1.1% compared to an SPY return of +1.8%.
TPR support price is $45.93 and resistance is $47.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPR stock will trade within this expected range on the day.