Tapestry, Inc. (TPR)
| Market Cap | 9.05B |
| Revenue (ttm) | 6.73B |
| Net Income (ttm) | 928.10M |
| Shares Out | 229.37M |
| EPS (ttm) | 3.96 |
| PE Ratio | 9.96 |
| Forward PE | 8.89 |
| Dividend | $1.40 (3.55%) |
| Ex-Dividend Date | Mar 7, 2024 |
| Volume | 6,547,927 |
| Open | 39.87 |
| Previous Close | 40.31 |
| Day's Range | 38.73 - 40.13 |
| 52-Week Range | 25.99 - 48.80 |
| Beta | 1.60 |
| Analysts | Buy |
| Price Target | 47.53 (+20.51%) |
| Earnings Date | May 9, 2024 |
About TPR
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charm... [Read more]
Financial Performance
In 2023, Tapestry's revenue was $6.66 billion, a decrease of -0.35% compared to the previous year's $6.68 billion. Earnings were $936.00 million, an increase of 9.31%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for TPR stock is "Buy." The 12-month stock price forecast is $47.53, which is an increase of 20.51% from the latest price.
News
The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives' could complicate its case.
When the Federal Trade Commission on Monday sued to block Tapestry Inc.'s acquisition of Capri Holdings, the agency said it was trying to keep handbags made by brands like Coach, Kate Spade and Michae...
US Sues to Block $8.5 Billion Tapestry-Capri Luxury Deal
The US Federal Trade Commission sued to stop Tapestry's $8.5 billion takeover of rival Capri Holdings, saying the acquisition would harm consumers by raising prices on handbags and accessories in the ...
FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors
Tapestry had offered to buy Capri in August, hoping to create a US fashion behemoth that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH.
US sues to block Tapestry-Capri $8.5bn merger, citing monopoly concerns
FTC lawsuit to block Coach parent from buying Michael Kors owner says deal would deprive consumers of competition
Capri Holdings Limited Issues Statement on FTC Action Seeking to Block Proposed Transaction with Tapestry, Inc.
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today issued the following statement in response to the U.S. Federal Trade Commission's (FTC) unprecedented ...
FTC sues to block Tapestry's acquisition of Capri
The Federal Trade Commission on Monday sued to block Tapestry Inc.'s TPR, -0.76% $8.5 billion acquisition of Capri Holdings CPRI, -1.48%, arguing that a deal would reduce competition and allow Tapestr...
Tapestry, Inc. Responds to the FTC's Lawsuit
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today issued the following statement in ...
US sues to block merger of Coach and Michael Kors handbag makers
The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri , saying it would eliminate "direct head-to-head competition" betwee...
FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
FTC Could Scuttle Tapestry-Capri Merger, Killing Its Ability To Compete In The Luxury Market
The $8.5 billion Tapestry acquisition of Capri Holding deal announced last August is on ice, after the NYT Dealbook broke the news the Federal Trade Commission may sue to block the agreement.
FTC may try to block yet another business merger
The FTC is reportedly planning to file suit to block a merger between luxury fashion firms Tapestry and Capri, the parent companies of several prominent brands like Versace and Coach.
FTC is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri: NYT
The Federal Trade Commission is gearing up to block the proposed merger of Tapestry Inc. and Capri Holdings, the New York Times Dealbook reported on Wednesday, citing two people with knowledge of the ...
US FTC preparing to sue to block $8.5 bln takeover of Capri by Tapestry, NYT Dealbook reports
The U.S. Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings , NYT Dealbook reported on Wednesday, citing peo...
Tapestry merger with Versace owner Capri gets EU, Japan approval
Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday.
Introducing Amira's New “Metamorphosis and Me” Series – A Chromatic Tapestry of Self-Discovery
FLORENCE, Italy--(BUSINESS WIRE)--Introducing Amira's New “Metamorphosis and Me” Series – A Chromatic Tapestry of Self-Discovery.
High-End Retailer Stocks Drop Following Warning From Calvin Klein Parent PVH
Shares of upscale retailers sank after PVH Corp. (PVH) warned that slowing demand in Europe and cautious wholesale buyers will be a drag on results this year.
EU regulators to decide on Tapestry deal for Michael Kors owner by mid-April
EU antitrust regulators will decide by April 15 whether to clear Coach parent Tapestry's $8.5 billion acquisition of Michael Kors owner Capri Holdings , according to a European Commission filing.
Tapestry, Inc. Appoints Kevin Hourican and David Elkins to Board of Directors
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that Kevin Hourican, Pre...
This is what the Red Sea attacks means for U.S. retailers, says Moody's
While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption than their European counterparts, according ...
China's consumers are buying more luxury clothes even as the economy struggles
China's broader economy may be struggling, but that doesn't seem to be stopping consumers there from splurging on more luxury clothes.
Coach Bag Sales Are Strong. Tapestry Stock Is Rising.
Gains at Tapestry's Coach division offset lower sales at the Kate Spade and Stuart Weitzman units in the fiscal second quarter.
Tapestry's stock surges toward a 6-month high as strong Coach sales lead to earnings beat, raised profit outlook
Shares of Tapestry Inc. TPR, -1.59% surged 4.1% toward a six-month high in premarket trading Thursday, after the parent of Coach and Kate Spade fashion brands reported fiscal second-quarter results th...
Tapestry, Inc. Delivers Record Q2 Revenue and EPS; Raises Fiscal 2024 EPS Outlook
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today reported results for the fiscal se...
Up 8% This Year, How Will Tapestry Stock Trend Post Q2 Results?
Note: Tapestry's FY'23 ended July 1, 2023.
Tapestry, Inc. to Host FY24 Second Quarter Earnings Call
NEW YORK--(BUSINESS WIRE)--On Thursday, February 8, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE: TPR) will hold a conference call to discuss the Company's fiscal 2024 second quarter results which wil...