Tapestry, Inc. (TPR)
Consumer Discretionary · Apparel, Accessories & Luxury Goods · US stock · S&P 500 component
$113.92
▼ -1.24 (1.08%)
Fair valueFair
$118 +3.5% to fair value
$59fair band $100–$143$177
Day's range
$112.99 – $115.74
52-week range
$93.00 – $164.80
About Tapestry, Inc.
Tapestry is a house of accessible luxury fashion brands, with Coach as its largest, along with Kate Spade and Stuart Weitzman. The company designs handbags, small leather goods, footwear and accessories, and sells them in its own stores, through e-commerce sites, to wholesale customers and through licensing arrangements. Revenue comes mainly from consumer purchases, so it follows fashion trends, brand strength and discretionary spending patterns.
Sales reached $8.0 billion in the last twelve months, having grown 6.3% a year over the past three years. Operating profit equals 23.9% of revenue. Return on invested capital is 45%. Net debt is 1.4 times of EBITDA. It pays a dividend, and the yield is 1.5%. Overall, the X-Ray Score is 63 out of 100.
Price chart
52-wk range $93.00 – $164.80Volume 2,643,252Daily, split-adjusted
Vitals
Market cap$23.9B
52-week range$93.00 – $164.80
Volume (last day)2,643,252
P/E (TTM)15.7
EBIT / EV yield7.2%
Free-cash-flow yield7.6%
Dividend yield1.5%
Revenue (TTM)$8.0B
Net income (TTM)$1.5B
Operating margin23.9%
Return on capital44.8%
Debt incl. leases$4.0B
Cash & securities$1.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$118middle half of models $99 – $142
Fair
+3.5% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High
Price $114
Undervalued < $100Fair $100 – $143Overvalued > $143
P/E multiple
$111
P/B multiple
$53
P/S multiple
$80
EV/EBITDA multiple
$107
EV/EBIT multiple
$104
EV/revenue multiple
$86
10-year DCF, EBITDA exit
$145
5-year DCF, EBITDA exit
$135
10-year DCF, revenue exit
$144
5-year DCF, revenue exit
$132
10-year DCF, growth exit
$149
5-year DCF, growth exit
$140
Dividend discount, stable
$94
Dividend discount, multi-stage
$156
Earnings power value
$132
Growth the price implies
3.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
64/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield7.2%
Free-cash-flow yield7.6%
Fair value vs price1.0×
Growth
Fair
66/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)6.3%
EPS growth (3y)23.3%
Growth consistency70%
Profitability
Fair
69/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital44.8%
Operating margin23.9%
Gross profitability93.1%
Financial health
Fair
65/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA1.4×
Interest cover16.0×
Dividends
Weak
40/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.5%
Dividends vs free cash flow19%
Dividend growth4.8%
Quarterly results: last 6 quarters
+6.9%
Mar '25
+8.3%
Jun '25
+13.1%
Sep '25
+14.0%
Dec '25
+21.2%
Mar '26
+8.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.9B.
Compare with peers
LULU lululemon athletica in...76 RL Ralph Lauren Corp62 NKE NIKE, Inc.46Other Apparel, Accessories & Luxury Goods companies by X-Ray Score.
SWOT analysis: Tapestry, Inc.
Strengthsinside the company
- Return on invested capital is 44.8%, against a median of 41.1% for industry peers.
- Operating margin of 23.9% is well above the 14.9% median of industry peers, a sign of pricing power or lower costs.
- Earnings per share have compounded at 23.3% a year over three years.
- Free cash flow equals 7.6% of the market value, which funds dividends, buybacks or debt paydown.
Weaknessesinside the company
- Altman Z-score of 1.7 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Revenue growth picked up to 14.2% last year from 6.3% a year over three years.
- Dividends use only 19% of free cash flow, which leaves room to raise them.
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- The price trend is down on the daily and weekly signals.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TPR with peers and sector
Medians of 3 Apparel, Accessories & Luxury Goods peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): NKE 46, RL 62, LULU 76.
| Metric | TPR | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 63 | 62 | 50 |
| Valuation | 64 | 67 | 48 |
| Growth | 66 | 68 | 50 |
| Profitability | 69 | 65 | 52 |
| Financial health | 65 | 75 | 49 |
| Dividends | 40 | – | 52 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
TPR ranks #7 of 47 in Consumer Discretionary and #2 of 4 in Apparel, Accessories & Luxury Goods by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TPR
Each factor is rated by where TPR stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 13 Good · 8 Average · 2 Bad of 23
Growth: 2 · 1 · 0
Profitability: 5 · 0 · 0
Financial strength: 2 · 2 · 0
Valuation: 2 · 2 · 1
Cash flow: 2 · 2 · 0
Efficiency: 0 · 1 · 1
| Factor | TPR | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +6.3% | Average beats 48% | +6.5% | – | – |
| Revenue growth, last year | +14.2% | Good beats 88% | +4.9% | +5.1% | ▲ Better |
| EPS growth, 3 years a year | +23.3% | Good beats 85% | +4.0% | – | – |
| Profitability | |||||
| Gross margin | 77.8% | Good beats 95% | 42.5% | 73.3% | ≈ In line |
| Operating margin | 23.9% | Good beats 88% | 14.9% | 17.6% | ▲ Better |
| Net margin | 19.1% | Good beats 88% | 11.4% | 12.8% | ▲ Better |
| Return on invested capital | 44.8% | Good beats 75% | 24.6% | – | – |
| Return on equity | 220.8% | Good beats 96% | 35.3% | 37.5% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 1.4x | Average beats 57% | 1.8x | 0.6x | ▼ Worse |
| Interest cover | 16.0x | Average beats 44% | 25.3x | 16.0x | ≈ In line |
| Current ratio | 1.75 | Good beats 80% | 1.10 | 1.84 | ≈ In line |
| Piotroski F-score | 8 / 9 | Good beats 92% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 15.7x | Good beats 77% | 21.1x | 12.2x | ▼ Worse |
| Price / book | 34.6x | Bad beats 4% | 7.2x | 4.5x | ▼ Worse |
| Price / sales | 3.0x | Average beats 35% | 2.1x | 1.6x | ▼ Worse |
| EV / EBITDA | 12.9x | Average beats 61% | 15.0x | 8.3x | ▼ Worse |
| Free cash flow yield | 7.6% | Good beats 72% | 4.3% | 7.7% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 22.6% | Good beats 90% | 10.8% | 15.6% | ▲ Better |
| Cash from operations / net income | 1.29 | Average beats 35% | 1.37 | 1.29 | ≈ In line |
| Free cash flow growth, 3 years a year | +31.8% | Good beats 76% | +12.1% | – | – |
| Accruals (lower is better) | −6.7% | Average beats 65% | −5.3% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.1x | Bad beats 15% | 4.2x | 2.1x | ≈ In line |
| Days sales outstanding | 11 days | Average beats 55% | 14 days | 12 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 6 Average · ● 1 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 68/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $6.7B | $6.7B | $6.7B | $7.0B | $8.0B |
| Operating income | $1.2B | $1.2B | $1.1B | $415M | $1.9B |
| Net income | $856M | $936M | $816M | $183M | $1.5B |
| Operating cash flow | $853M | $975M | $1.3B | $1.2B | $2.0B |
| Operating margin | 17.6% | 17.6% | 17.1% | 5.9% | 23.9% |
| Free cash flow | $759M | $791M | $1.1B | $1.1B | $1.8B |
| Diluted EPS | $3.17 | $3.88 | $3.50 | $0.82 | $7.27 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
2 bullish · 2 neutral · 12 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 116.8 | Bearish |
| EMA 10 | 116.4 | Bearish |
| SMA 20 | 116.2 | Bearish |
| EMA 20 | 116.8 | Bearish |
| SMA 50 | 119.6 | Bearish |
| EMA 50 | 121.6 | Bearish |
| SMA 100 | 132.9 | Bearish |
| EMA 100 | 127.7 | Bearish |
| SMA 200 | 137.1 | Bearish |
| EMA 200 | 128.1 | Bearish |
Oscillators (daily)
| RSI (14) | 41.52 | Neutral |
| MACD (12, 26) | -1.06 | Bearish |
| Momentum (12) | -2.42 | Bearish |
| Stochastic %K (14) | 17.33 | Bullish |
| Williams %R (14) | -82.67 | Bullish |
| CCI (20) | -78.00 | Neutral |
Pivot points (classic, last session)
S3 109.9 | S2 111.5 | S1 112.7 | Pivot 114.2 | R1 115.4 | R2 117.0 | R3 118.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.66 USD
Yield on today's price
1.46%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.4625 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.3500 | |
| 0.3500 | |
| 0.3500 | |
| 0.3500 | |
| 0.3500 | |
| 0.3500 | |
| 0.3500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold TPR
| ETF | Share of the fund |
|---|---|
| RPG Invesco S&P 500 Pure Growth | 1.57% |
| IWP iShares Russell Mid-Cap Growth | 0.81% |
| SPHB Invesco S&P 500 High Beta | 0.79% |
| XLY Consumer Discretionary Select Sector S... | 0.74% |
| FMDE Fidelity Enhanced Mid Cap | 0.67% |
| SMLF iShares MSCI USA Small-Cap Multifactor | 0.66% |
| VBR Vanguard Small-Cap Value | 0.63% |
| COWZ Pacer US Cash Cows 100 | 0.57% |
The eight funds with the largest weight in TPR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TPR stock splits
TPR has split its stock 3 times since 2002. The latest was a 2-for-1 split on 5 Apr 2005.
Full TPR stock split history →TPR SEC filings
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Results of operations
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.