Tapestry (TPR)
Market Price (10/7/2025): $115.97 | Market Cap: $24.2 Bil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods
Tapestry (TPR)
Market Price (10/7/2025): $115.97
Market Cap: $24.2 Bil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods
Investment Highlights
Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% | Trading close to highs Dist 52W High is -0.6%, Dist 3Y High is -0.6% | Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 80x, P/EPrice/Earnings or Price/(Net Income) is 132x |
Low stock price volatility Vol 12M is 45% | Stock price has recently run up significantly 12M Rtn12 month market price return is 153% | |
Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
Low stock price volatility Vol 12M is 45% |
Trading close to highs Dist 52W High is -0.6%, Dist 3Y High is -0.6% |
Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 80x, P/EPrice/Earnings or Price/(Net Income) is 132x |
Stock price has recently run up significantly 12M Rtn12 month market price return is 153% |
Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
Market Valuation & Key Metrics
TPR Stock
Price Returns Compared
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
TPR Return | 17% | 32% | -3% | 0% | 83% | 79% | 387% |
Peers Return | -6% | 24% | -17% | 27% | -1% | 5% | 28% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 15% | 108% |
Monthly Win Rates [3] | |||||||
TPR Win Rate | 58% | 50% | 58% | 42% | 75% | 78% | |
Peers Win Rate | 38% | 48% | 30% | 43% | 50% | 49% | |
S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
TPR Max Drawdown | -60% | -2% | -34% | -28% | -3% | -7% | |
Peers Max Drawdown | -52% | -5% | -34% | -9% | -20% | -37% | |
S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: RL, AS, PVH, CPRI, SHOO. See TPR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/6/2025 (YTD)
Downturns Compared
Event | TPR | S&P 500 |
---|---|---|
2022 Inflation Shock | ||
% Loss | -46.0% | -25.4% |
% Gain to Breakeven | 85.2% | 34.1% |
Time to Breakeven | 898 days | 464 days |
2020 Covid Pandemic | ||
% Loss | -64.1% | -33.9% |
% Gain to Breakeven | 178.5% | 51.3% |
Time to Breakeven | 246 days | 148 days |
2018 Correction | ||
% Loss | -64.4% | -19.8% |
% Gain to Breakeven | 180.9% | 24.7% |
Time to Breakeven | 1918 days | 120 days |
2008 Global Financial Crisis | ||
% Loss | -78.2% | -56.8% |
% Gain to Breakeven | 358.6% | 131.3% |
Time to Breakeven | 619 days | 1480 days |
How Low Can It Go?
Tapestry's stock fell -46.0% during the 2022 Inflation Shock from a high on 5/7/2021. A -46.0% loss requires a 85.2% gain to breakeven.
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Asset Allocation
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About Tapestry (TPR)
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. It also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men. In addition, the company offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections that include outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, it provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, the company licenses rights to market and distribute its jewelry, eyewear, watches, fragrances, and tech accessories under the Coach brand; and fashion beddings, tableware and housewares, eyewear, watches, stationery and gifts, and tech accessories under the Kate Spade brand. As of July 3, 2021, it operated through a network of 939 Coach stores, 407 Kate Spade stores, and 104 Stuart Weitzman stores. The company sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is based in New York, New York.
Latest Trefis Analyses
Trade Ideas
Select past trade ideas related to TPR and Apparel, Accessories & Luxury Goods.
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | ANF | Abercrombie & Fitch | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -9.0% | -9.0% | -9.0% |
09302025 | DECK | Deckers Outdoor | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -0.2% |
09302025 | CHH | Choice Hotels International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | -2.8% | -2.8% | -2.8% |
09302025 | VAC | Marriott Vacations Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 2.8% | 2.8% | -0.6% |
09302025 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt. | -1.3% | -1.3% | -1.3% |
09302023 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | 68.2% | 72.7% | -7.5% |
04302022 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -1.4% | 27.9% | -19.4% |
01312020 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -47.4% | 24.4% | -58.4% |
12312018 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -5.3% | -16.0% | -41.1% |
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | ANF | Abercrombie & Fitch | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -9.0% | -9.0% | -9.0% |
09302025 | DECK | Deckers Outdoor | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -0.2% |
09302025 | CHH | Choice Hotels International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | -2.8% | -2.8% | -2.8% |
09302025 | VAC | Marriott Vacations Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 2.8% | 2.8% | -0.6% |
09302025 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt. | -1.3% | -1.3% | -1.3% |
09302023 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | 68.2% | 72.7% | -7.5% |
04302022 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -1.4% | 27.9% | -19.4% |
01312020 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -47.4% | 24.4% | -58.4% |
12312018 | TPR | Tapestry | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin | -5.3% | -16.0% | -41.1% |
See Trefis Trade Ideas for more.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Tapestry
Financials
Median | |
---|---|
Name | |
Mkt Price | 59.61 |
Mkt Cap | 11.5 |
Rev LTM | 6,354 |
Op Inc LTM | 638 |
FCF LTM | 516 |
FCF 3Y Avg | 471 |
CFO LTM | 657 |
CFO 3Y Avg | 685 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 6.5% |
Rev Chg 3Y Avg | 1.6% |
Rev Chg Q | 7.5% |
QoQ Delta Rev Chg LTM | 1.7% |
Op Mgn LTM | 9.2% |
Op Mgn 3Y Avg | 9.0% |
QoQ Delta Op Mgn LTM | 0.2% |
CFO/Rev LTM | 7.5% |
CFO/Rev 3Y Avg | 11.3% |
FCF/Rev LTM | 5.9% |
FCF/Rev 3Y Avg | 10.1% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 11.5 |
P/S | 1.9 |
P/EBIT | 26.0 |
P/E | 25.4 |
P/CFO | 15.7 |
Total Yield | 3.6% |
Dividend Yield | 0.6% |
FCF Yield 3Y Avg | 8.6% |
D/E | 0.2 |
Net D/E | 0.1 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 1.4% |
3M Rtn | 15.5% |
6M Rtn | 53.0% |
12M Rtn | 26.5% |
3Y Rtn | 79.6% |
1M Excs Rtn | -2.6% |
3M Excs Rtn | 5.9% |
6M Excs Rtn | 12.0% |
12M Excs Rtn | 11.1% |
3Y Excs Rtn | -1.0% |
Comparison Analyses
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/14/2025 | -15.7% | -12.9% | -5.9% |
5/8/2025 | 3.7% | 11.4% | 6.1% |
2/6/2025 | 12.0% | 16.0% | 2.5% |
11/7/2024 | 3.6% | 3.0% | 25.8% |
8/1/2024 | -2.3% | -9.5% | 1.1% |
5/9/2024 | 3.6% | 9.5% | 12.2% |
2/8/2024 | 6.5% | 9.7% | 17.6% |
11/9/2023 | 3.0% | 12.5% | 23.4% |
... | |||
SUMMARY STATS | |||
# Positive | 17 | 19 | 14 |
# Negative | 7 | 5 | 10 |
Median Positive | 3.7% | 9.5% | 17.2% |
Median Negative | -3.3% | -12.9% | -8.9% |
Max Positive | 15.5% | 20.1% | 36.1% |
Max Negative | -15.9% | -17.5% | -22.5% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 8142025 | 10-K 6/28/2025 |
3312025 | 5082025 | 10-Q 3/29/2025 |
12312024 | 2062025 | 10-Q 12/28/2024 |
9302024 | 11072024 | 10-Q 9/28/2024 |
6302024 | 8152024 | 10-K 6/29/2024 |
3312024 | 5092024 | 10-Q 3/30/2024 |
12312023 | 2082024 | 10-Q 12/30/2023 |
9302023 | 11092023 | 10-Q 9/30/2023 |
6302023 | 8172023 | 10-K 7/1/2023 |
3312023 | 5112023 | 10-Q 4/1/2023 |
12312022 | 2092023 | 10-Q 12/31/2022 |
9302022 | 11102022 | 10-Q 10/1/2022 |
6302022 | 8182022 | 10-K 7/2/2022 |
3312022 | 5122022 | 10-Q 4/2/2022 |
12312021 | 2102022 | 10-Q 1/1/2022 |
9302021 | 11122021 | 10-Q 10/2/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | Transacted Value | Value of Held Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Dadlani Manesh | VP, Controller and PAO | 8262025 | Sell | 99.05 | 7,882 | 780,712 | 2,089,757 | Form |
1 | Kahn Todd | CEO and Brand President, Coach | 5122025 | Sell | 81.40 | 40,000 | 3,256,000 | 9,447,447 | Form |
2 | Kahn Todd | CEO and Brand President, Coach | 2262025 | Sell | 84.00 | 21,107 | 1,772,988 | 14,866,740 | Form |
3 | Kahn Todd | CEO and Brand President, Coach | 2242025 | Sell | 87.59 | 7,786 | 681,976 | 17,652,100 | Form |
4 | Howard David E | General Counsel & Secretary | 2212025 | Sell | 88.00 | 11,917 | 1,048,696 | 3,397,592 | Form |
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