
NYSE:TPR
This summary was created by AI, based on 3 opinions in the last 12 months.
Tapestry Inc. (TPR-N) has shown resilience in the luxury goods market, especially in light of challenges faced by some high-end brands like Louis Vuitton. Compared to its peers, Tapestry has managed to perform reasonably well, buoyed by strong sales growth driven by the Coach brand. Following the FTC's block on a merger with Capri Holdings, Tapestry's stock has surged by 148%, and the company has subsequently announced an accelerated share buyback program alongside three consecutive quarters of earnings beats. Analysts note that Tapestry is positioned in the mid-high segment of the luxury market, which has shown promising growth as some ultra-rich consumers shift towards more accessible luxury brands. The stock trades at a forward PE of 15.5x, which is slightly above its historical norms, and with expected growth rates of 9-10%, its valuation appears reasonable; however, caution is advised in the event of an economic downturn.
Last year, the FTC blocked the Tapestry-Capri merger to include Kate Space, Versace and Jimmy Choo brands among others. Since then, TPR has soared 148%; announced and accelerated a share buyback; delivered top and bottom line beats and raised forecast for three straight quarters. Drivin this is improving sales in the Coach brand which is stealing market brand. Buy on a pullback or a small position now.
Some high-end names like Louis Vuitton have not been doing well. But TPR has been performing decently. Above 200-day MA, which is moving higher. Mid-high luxury, and that part of the market is doing better. Could be that the ultra-rich are "downshifting" into names owned by this brand.
15.5x forward PE, slightly above 10-year historical norms for this name. 9-10% growth. So valuation is decent. Investors should be cautious about impact of a downturn in the economy on this type of name.
Got an analyst upgrade today and the stock surged and lifted the entire retail clothing sector. He prefers tried-and-true Lululemon though.
Tapestry Inc. is a American stock, trading under the symbol TPR (previously TPR-N on Stockchase) on the New York Stock Exchange (TPR). It is usually referred to as NYSE:TPR or TPR
In the last year, 2 stock analysts published opinions about TPR (previously TPR-N on Stockchase). 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is RISKY. Read the latest stock experts' ratings for Tapestry Inc..
Tapestry Inc. was recommended as a Top Pick by Bruce Murray on 2019-05-23. Read the latest stock experts ratings for Tapestry Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Tapestry Inc. in the last year. It is a trending stock that is worth watching.
On 2026-06-01, Tapestry Inc. (TPR) stock closed at a price of $138.81.
Only name in the space that's performed decently (though some would argue it's not really a luxury name). Could be because it's more mid-priced than luxury-priced.