Tearsheet

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

0 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
1 Low stock price volatility
Vol 12M is 45%
  Stock price has recently run up significantly
12M Rtn12 month market price return is 153%
2   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%
0 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%
1 Low stock price volatility
Vol 12M is 45%
2 Trading close to highs
Dist 52W High is -0.6%, Dist 3Y High is -0.6%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 80x, P/EPrice/Earnings or Price/(Net Income) is 132x
4 Stock price has recently run up significantly
12M Rtn12 month market price return is 153%
5 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

 202020212022202320242025Total [1]
Returns
TPR Return17%32%-3%0%83%79%387%
Peers Return-6%24%-17%27%-1%5%28%
S&P 500 Return16%27%-19%24%23%15%108%

Monthly Win Rates [3]
TPR Win Rate58%50%58%42%75%78% 
Peers Win Rate38%48%30%43%50%49% 
S&P 500 Win Rate58%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

Unique KeyEventTPRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-46.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven85.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven898 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-64.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven178.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven246 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-64.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven180.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1918 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-78.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven358.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven619 days1480 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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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.

Better Bets than Tapestry (TPR)

Latest Trefis Analyses

Trade Ideas

Select past trade ideas related to TPR and Apparel, Accessories & Luxury Goods.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | 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%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | 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%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | 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%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | 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%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort 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%
TPR_9302023_Dip_Buyer_FCFYield09302023TPRTapestryDip BuyDB | 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%
TPR_4302022_Dip_Buyer_FCFYield04302022TPRTapestryDip BuyDB | 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%
TPR_1312020_Dip_Buyer_FCFYield01312020TPRTapestryDip BuyDB | 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%
TPR_12312018_Dip_Buyer_FCFYield12312018TPRTapestryDip BuyDB | 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%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | 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%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | 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%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | 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%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | 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%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort 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%
TPR_9302023_Dip_Buyer_FCFYield09302023TPRTapestryDip BuyDB | 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%
TPR_4302022_Dip_Buyer_FCFYield04302022TPRTapestryDip BuyDB | 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%
TPR_1312020_Dip_Buyer_FCFYield01312020TPRTapestryDip BuyDB | 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%
TPR_12312018_Dip_Buyer_FCFYield12312018TPRTapestryDip BuyDB | 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.

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Tapestry

Financials

TPRRLASPVHCPRISHOOMedian
NameTapestry Ralph La.Amer Spo.PVH Capri Steven M. 
Mkt Price115.49321.1034.1285.1121.1833.7059.61
Mkt Cap24.119.619.04.12.52.411.5
Rev LTM7,0117,2865,6988,7784,1722,3206,354
Op Inc LTM1,2701,06763064776136638
FCF LTM1,094764-51665118516
FCF 3Y Avg1,011700-471232210471
CFO LTM1,2171,134-657190152657
CFO 3Y Avg1,149949-685405234685

Growth & Margins

TPRRLASPVHCPRISHOOMedian
NameTapestry Ralph La.Amer Spo.PVH Capri Steven M. 
Rev Chg LTM5.1%9.6%21.9%-1.1%-12.9%8.0%6.5%
Rev Chg 3Y Avg1.6%4.8%--0.9%-10.1%2.3%1.6%
Rev Chg Q8.3%13.7%23.5%4.5%-6.0%6.8%7.5%
QoQ Delta Rev Chg LTM1.9%2.9%4.3%1.1%-1.2%1.6%1.7%
Op Mgn LTM18.1%14.6%11.1%7.4%1.8%5.8%9.2%
Op Mgn 3Y Avg17.6%13.1%8.5%8.2%6.8%9.4%9.0%
QoQ Delta Op Mgn LTM0.2%0.7%0.5%-0.5%0.1%-4.1%0.2%
CFO/Rev LTM17.4%15.6%-7.5%4.6%6.6%7.5%
CFO/Rev 3Y Avg16.9%13.9%-7.7%8.1%11.3%11.3%
FCF/Rev LTM15.6%10.5%-5.9%1.6%5.1%5.9%
FCF/Rev 3Y Avg14.9%10.3%-5.3%4.5%10.1%10.1%

Valuation

TPRRLASPVHCPRISHOOMedian
NameTapestry Ralph La.Amer Spo.PVH Capri Steven M. 
Mkt Cap24.119.619.04.12.52.411.5
P/S3.42.73.30.50.61.01.9
P/EBIT79.918.533.818.933.117.626.0
P/E131.624.684.68.7-2.326.225.4
P/CFO19.817.3-6.213.215.715.7
Total Yield2.0%5.1%1.2%11.6%-44.3%6.4%3.6%
Dividend Yield1.2%1.0%0.0%0.2%0.0%2.5%0.6%
FCF Yield 3Y Avg8.6%6.0%-10.3%6.2%8.8%8.6%
D/E0.20.20.11.01.10.20.2
Net D/E0.10.00.11.01.00.20.1

Returns

TPRRLASPVHCPRISHOOMedian
NameTapestry Ralph La.Amer Spo.PVH Capri Steven M. 
1M Rtn10.9%3.2%-6.7%-3.0%-0.5%11.9%1.4%
3M Rtn25.4%12.7%-10.9%16.6%14.5%35.7%15.5%
6M Rtn84.9%67.3%51.2%29.1%52.3%53.7%53.0%
12M Rtn152.9%65.9%98.3%-12.9%-49.9%-29.8%26.5%
3Y Rtn299.8%275.0%-79.6%-49.6%31.6%79.6%
1M Excs Rtn6.9%-0.8%-10.7%-7.0%-4.5%7.9%-2.6%
3M Excs Rtn17.5%4.8%-18.1%7.0%4.4%24.3%5.9%
6M Excs Rtn52.2%30.7%10.9%-7.0%13.0%9.1%12.0%
12M Excs Rtn138.6%50.5%87.9%-28.2%-67.8%-47.5%11.1%
3Y Excs Rtn250.4%204.9%--1.0%-131.1%-57.0%-1.0%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity11,497,630
Short Interest: % Change Since 8312025-2.2%
Average Daily Volume3,459,589
Days-to-Cover Short Interest3.32
Basic Shares Quantity208,700,000
Short % of Basic Shares5.5%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/2025-15.7%-12.9%-5.9%
5/8/20253.7%11.4%6.1%
2/6/202512.0%16.0%2.5%
11/7/20243.6%3.0%25.8%
8/1/2024-2.3%-9.5%1.1%
5/9/20243.6%9.5%12.2%
2/8/20246.5%9.7%17.6%
11/9/20233.0%12.5%23.4%
...
SUMMARY STATS   
# Positive171914
# Negative7510
Median Positive3.7%9.5%17.2%
Median Negative-3.3%-12.9%-8.9%
Max Positive15.5%20.1%36.1%
Max Negative-15.9%-17.5%-22.5%

SEC Filings

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Report DateFiling DateFiling
6302025814202510-K 6/28/2025
3312025508202510-Q 3/29/2025
12312024206202510-Q 12/28/2024
93020241107202410-Q 9/28/2024
6302024815202410-K 6/29/2024
3312024509202410-Q 3/30/2024
12312023208202410-Q 12/30/2023
93020231109202310-Q 9/30/2023
6302023817202310-K 7/1/2023
3312023511202310-Q 4/1/2023
12312022209202310-Q 12/31/2022
93020221110202210-Q 10/1/2022
6302022818202210-K 7/2/2022
3312022512202210-Q 4/2/2022
12312021210202210-Q 1/1/2022
93020211112202110-Q 10/2/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Dadlani ManeshVP, Controller and PAO8262025Sell99.057,882780,7122,089,757Form
1Kahn ToddCEO and Brand President, Coach5122025Sell81.4040,0003,256,0009,447,447Form
2Kahn ToddCEO and Brand President, Coach2262025Sell84.0021,1071,772,98814,866,740Form
3Kahn ToddCEO and Brand President, Coach2242025Sell87.597,786681,97617,652,100Form
4Howard David EGeneral Counsel & Secretary2212025Sell88.0011,9171,048,6963,397,592Form