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.
IPO Year:
Exchange: NYSE
Website: tapestry.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $57.00 → $87.00 | Equal Weight → Overweight | Barclays |
| 12/19/2024 | $50.00 → $80.00 | Hold → Buy | Jefferies |
| 11/20/2024 | $57.00 | Equal Weight | Barclays |
| 11/15/2024 | $58.00 → $67.00 | Outperform | Telsey Advisory Group |
| 10/29/2024 | $52.00 | Buy → Hold | TD Cowen |
| 3/6/2024 | $49.00 → $54.00 | Outperform | Telsey Advisory Group |
| 2/29/2024 | $50.00 | Buy → Hold | Jefferies |
| 2/5/2024 | $30.00 → $50.00 | In-line → Outperform | Evercore ISI |
| 12/12/2023 | $38.00 | Equal-Weight | Morgan Stanley |
| 11/7/2023 | $30.00 | In-line | Evercore ISI |
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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Coach, the "Original American House of Leather," and Gen Phoenix, a global leading sustainable manufacturer of recycled leather fiber material at scale, are taking the stage together at CES 2025 to share how their transformative partnership is changing the standard for sustainability in fashion – and unveil what's next in their industry-leading journey. Coach CEO and Brand President, Todd Kahn, and Gen Phoenix CMO and General Manager of Consumer, Elyse Winer, invite CES attendees to join them on Thursday, January 9th at 3:00PM PST for th
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today released its Fiscal Year 2024 (FY2024) Corporate Responsibility (CR) report. The report details the company's progress and achievements in sustainability, social impact and community building over the past year. The company's framework, The Fabric of Change, encapsulates its vision for a better-made future. "We believe investing in our communities, people and sustainability initiatives drives innovation and long-term success and resilience for Tapestry and our portfolio of brands," said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. "I am
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of the offering of its $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and its $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facility, which were used to fund the share repurchases under the Company's accelerated share repurchase agreements, and for general cor
Tapestry, Inc. (NYSE:TPR) a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the pricing of its offering of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The offering is expected to close, subject to normal closing conditions, on December 11, 2024. The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facility, which were used to fund the share repurc
Tapestry, Inc. (NYSE:TPR) (the "Company"), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of senior unsecured notes (the "Notes"). The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facility, which were used to fund the share repurchases under the Company's accelerated share repurchase agreements, and for general corporate purposes. BofA Securities, Morgan Stanley and J.P. Morgan are acting as joint lead boo
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it entered into Accelerated Share Repurchase ("ASR") agreements with Bank of America N.A. and Morgan Stanley & Co. LLC (the "Dealers") to repurchase $2.0 billion shares of Tapestry common stock. The ASRs will be completed under the Company's recently expanded $2.8 billion share repurchase authorization. With the ASRs, the Company expects to return over 100 percent of its free cash flow in Fiscal 2025 to shareholders through dividends and share repurchases. Under the ASR agreements, Tapestry will pay $2.0 billion to the Dealers and expects
Reaffirms Commitment to Driving Accelerated Organic Growth and Shareholder Value Announces Additional $2 Billion Share Repurchase Authorization, Including a Planned Accelerated Share Repurchase Program Executes Plans to Redeem Acquisition-Related Debt Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate the merger agreement between the parties. Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal proces
Delivered Revenue and Earnings Ahead of the Company's Outlook led by Growth at Coach Achieved Diluted EPS of $0.79 and Record non-GAAP Diluted EPS of $1.02 Fueled 280 Basis Points of Gross Margin Expansion and Strong Operating and Free Cash Flow Link to Download Tapestry's Q1 Earnings Presentation, Including Brand Highlights 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 first quarter ended September 28, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107011142/en/(Photo: Business Wire) Joan
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, kate spade new york, and Stuart Weitzman, today issued the following statement in response to the ruling made by the U.S. District Court in the Southern District of New York regarding Tapestry's proposed acquisition of Capri Holdings Limited (NYSE:CPRI): "Today's decision granting the FTC's request for a preliminary injunction is disappointing and, we believe, incorrect on the law and the facts. Tapestry and Capri operate in an industry that is intensely competitive and dynamic, constantly expanding, and highly fragmented among both established players and new entrants. We face competitive pr
On Thursday, November 7, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE:TPR) will hold a conference call to discuss the Company's fiscal 2025 first quarter results which will be reported via press release earlier that morning. To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 4306173. To listen to the audio webcast, please visit www.tapestry.com/investors. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on November 7th. To access the telephone replay, please call 1-800-283-4641 or +1-402-220-0851. About Tapestry, Inc. Our global house of brands unites the magic of Coach, kate spade
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Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it entered into Accelerated Share Repurchase ("ASR") agreements with Bank of America N.A. and Morgan Stanley & Co. LLC (the "Dealers") to repurchase $2.0 billion shares of Tapestry common stock. The ASRs will be completed under the Company's recently expanded $2.8 billion share repurchase authorization. With the ASRs, the Company expects to return over 100 percent of its free cash flow in Fiscal 2025 to shareholders through dividends and share repurchases. Under the ASR agreements, Tapestry will pay $2.0 billion to the Dealers and expects
Reaffirms Commitment to Driving Accelerated Organic Growth and Shareholder Value Announces Additional $2 Billion Share Repurchase Authorization, Including a Planned Accelerated Share Repurchase Program Executes Plans to Redeem Acquisition-Related Debt Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate the merger agreement between the parties. Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal proces
Delivered Revenue and Earnings Ahead of the Company's Outlook led by Growth at Coach Achieved Diluted EPS of $0.79 and Record non-GAAP Diluted EPS of $1.02 Fueled 280 Basis Points of Gross Margin Expansion and Strong Operating and Free Cash Flow Link to Download Tapestry's Q1 Earnings Presentation, Including Brand Highlights 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 first quarter ended September 28, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107011142/en/(Photo: Business Wire) Joan
On Thursday, November 7, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE:TPR) will hold a conference call to discuss the Company's fiscal 2025 first quarter results which will be reported via press release earlier that morning. To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 4306173. To listen to the audio webcast, please visit www.tapestry.com/investors. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on November 7th. To access the telephone replay, please call 1-800-283-4641 or +1-402-220-0851. About Tapestry, Inc. Our global house of brands unites the magic of Coach, kate spade
Achieved Fiscal Year 2024 Reported Diluted EPS of $3.50 and Record non-GAAP Diluted EPS of $4.29, Exceeding the Company's Outlook Drove Operational Outperformance, Highlighted by Gross Margin Expansion of 250 Basis Points and Robust Operating and Free Cash Flow of Over $1.1 Billion in Fiscal Year 2024 Delivered Record Annual Revenue at the Coach Brand Link to Download Tapestry's Q4 and Fiscal Year Earnings Presentation, Including Brand Highlights 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 fourth quarter and year ended June 29, 2024. This press release featur
On Thursday, August 15, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE:TPR) will hold a conference call to discuss the Company's fiscal 2024 fourth quarter and year-end results which will be reported via press release earlier that morning. To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 2329867. To listen to the audio webcast, please visit www.tapestry.com/investors. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on August 15th. To access the telephone replay, please call 1-800-283-4641 or +1-402-220-0851. About Tapestry, Inc. Our global house of brands unites the magic of Co
Drove Fiscal Third Quarter Operating Income and EPS Outperformance Versus Expectations Fueled by 190 Basis Points of Gross Margin Expansion Generated Robust Operating and Free Cash Flow of Over $900 Million Year-to-Date, Significantly Above Prior Year Maintained EPS Outlook for Fiscal Year 2024 Link to Download Tapestry's Q3 Earnings Presentation, Including Brand Highlights 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 third quarter ended March 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/new
On Thursday, May 9, 2024 at 8:00 a.m. (ET), Tapestry, Inc. (NYSE:TPR) will hold a conference call to discuss the Company's fiscal 2024 third quarter results which will be reported via press release earlier that morning. To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 6217631. To listen to the audio webcast, please visit www.tapestry.com/investors. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on May 9th. To access the telephone replay, please call 1-800-283-4641 or 1-402-220-0851. About Tapestry, Inc. Our global house of brands unites the magic of Coach, kate spade new york
Delivered Revenue of $2.1 Billion, Representing 3% Growth Compared to the Prior Year Drove a Gross Margin Increase of 300 Basis Points Versus Last Year Grew Operating Profit by 7% on a Reported Basis and 14% on a Non-GAAP Basis Achieved Diluted EPS of $1.39 on a Reported Basis, Up 3% Versus Last Year, and $1.63 on a Non-GAAP Basis, Up 20% Versus Last Year Generated Robust Operating and Free Cash Flow of Over $800 Million, Above Prior Year Increased EPS Outlook for Fiscal Year 2024 Link to Download Tapestry's Q2 Earnings Presentation, Including Brand Highlights Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach,
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 will be reported via press release earlier that morning. To listen to this Tapestry conference call, please dial 1-866-847-4217 or 1-203-518-9845 and provide the Conference ID 4693119. To listen to the audio webcast, please visit www.tapestry.com/investors. A telephone replay will be available for five business days beginning at 12:00 noon (ET) on February 8th. To access the telephone replay, please call 1-800-283-4641 or 1-402-220-0851. About Tapestry, Inc. Our global house of brands unites the magic of Coach, kate sp
Barclays upgraded Tapestry from Equal Weight to Overweight and set a new price target of $87.00 from $57.00 previously
Jefferies upgraded Tapestry from Hold to Buy and set a new price target of $80.00 from $50.00 previously
Barclays resumed coverage of Tapestry with a rating of Equal Weight and set a new price target of $57.00
Telsey Advisory Group reiterated coverage of Tapestry with a rating of Outperform and set a new price target of $67.00 from $58.00 previously
TD Cowen downgraded Tapestry from Buy to Hold and set a new price target of $52.00
Telsey Advisory Group reiterated coverage of Tapestry with a rating of Outperform and set a new price target of $54.00 from $49.00 previously
Jefferies downgraded Tapestry from Buy to Hold and set a new price target of $50.00
Evercore ISI upgraded Tapestry from In-line to Outperform and set a new price target of $50.00 from $30.00 previously
Morgan Stanley resumed coverage of Tapestry with a rating of Equal-Weight and set a new price target of $38.00
Evercore ISI initiated coverage of Tapestry with a rating of In-line and set a new price target of $30.00
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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- Coach, the "Original American House of Leather," and Gen Phoenix, a global leading sustainable manufacturer of recycled leather fiber material at scale, are taking the stage together at CES 2025 to share how their transformative partnership is changing the standard for sustainability in fashion – and unveil what's next in their industry-leading journey. Coach CEO and Brand President, Todd Kahn, and Gen Phoenix CMO and General Manager of Consumer, Elyse Winer, invite CES attendees to join them on Thursday, January 9th at 3:00PM PST for th
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced the appointment of Eva Erdmann as CEO & Brand President of Kate Spade. Ms. Erdmann will join the brand in October, succeeding Liz Fraser, who is leaving the Company in September. Upon her arrival, Ms. Erdmann will report directly to Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., and will become a member of the Company's Executive Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801428807/en/Eva Erdmann (Photo: Business Wire) Ms. Erdmann has a proven track
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, President and Chief Executive Officer of Sysco Corporation (NYSE:SYY), and David Elkins, Executive Vice President and Chief Financial Officer of Bristol Myers Squibb (NYSE:BMY), have been appointed to the Company's Board of Directors. The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240229220934/en/Kevin Hourican (Photo: Business Wire) J
The global fashion house of Coach, Kate Spade, and Stuart Weitzman entered an agreement to enable 33 Megawatts of solar energy CHICAGO, Dec. 12, 2023 /PRNewswire/ -- Leading national renewable energy provider Pivot Energy is proud to announce it is developing six community solar projects in Illinois, totaling 33 megawatts (MWdc), with Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman. Tapestry has committed to purchasing 15 years of Impact Renewable Energy Credits (RECs) produced by the projects, which will produce more than 50,000 megawatt hours (MWh) per year with a total estimated 750,000 MWh over the course
Brings Board Membership to Eleven Tapestry, Inc. (NYSE:TPR), a leading New York-based house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that Alan Lau has been appointed to Tapestry's Board of Directors. The appointment of Mr. Lau to the Board brings the membership to eleven. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230413005124/en/Alan Lau (Photo: Business Wire) Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, "We are extremely pleased that Alan Lau has agreed to join our Board. As we continue to further refine our digital strategy a
Tapestry, Inc. (NYSE:TPR), a leading New York-based house of modern luxury accessories and lifestyle brands including Coach, Kate Spade, and Stuart Weitzman, today announced that Tom Glaser, 61, the Company's Chief Operations Officer, has decided to retire. To ensure a seamless transition, he will remain with the Company until October 1st. Effective immediately, and in keeping with Tapestry's succession planning, Scott Roe, who has been Chief Financial Officer since June 2021, will take on additional responsibility as Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220804005243/en/Scott Roe (Photo: Busines
Tapestry, Inc. (NYSE:TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that David L. Casey is appointed as Chief Inclusion and Social Impact Officer, effective May 16, 2022. This newly created position reflects Tapestry's purpose-led, people-centered philosophy and advances its ongoing commitment to building Tapestry's inclusive culture and creating a company that truly reflects the diversity of its customers, its employees, and the communities it serves. Mr. Casey will have responsibility for continuing to shape and deliver Tapestry's Equity, Inclusion and Diversity strategy and will oversee Tapestry's social impact efforts through advo
Brings Board Membership to Eleven Tapestry, Inc. (NYSE:TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that Hanneke Faber has been appointed to Tapestry's Board of Directors. The appointment of Ms. Faber to the Board brings the membership to eleven, including ten independent directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210831005198/en/Johanna W. (Hanneke) Faber (Photo: Business Wire) Ms. Faber currently serves as President, Global Foods and Refreshment at Unilever PLC. She has nearly 30 years experience in consumer goods and retail, having also held global lead
SHANGHAI, China, July 12, 2021 (GLOBE NEWSWIRE) -- NIO Inc. ("NIO" or the "Company") (NYSE:NIO), a pioneer and a leading manufacturer of premium smart electric vehicles in China, today announced that Ms. Yu Long has been appointed as a new independent director to the Company's board of directors (the "Board"), effective July 12, 2021. Ms. Long will also serve as a member and the chairperson of the nominating and corporate governance committee of the Board while Mr. William Bin Li, the Company's founder, chairman of the Board and chief executive officer, will resign from the nominating and corporate governance committee of the Board, effective immediately. "We are delighted to welcome Ms.
Andrea Shaw Resnick to Become Chief Communications Officer Tapestry, Inc. (NYSE:TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced the appointment of Scott A. Roe, as Chief Financial Officer, effective June 1, 2021. Mr. Roe will have responsibility for all finance functions as well as leading the Company's Strategy and Consumer Insights teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210429005269/en/Scott A. Roe (Photo: Business Wire) Mr. Roe joins from VF Corporation (NYSE:VFC), where he has had a successful 25-year career. He has served as Chief Financial Officer since