Upside case
Bull case
$334+132.7%
TPR would need investors to value it at roughly 48x earnings — about 27x more generous than today's 21x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
Tapestry, Inc. (TPR) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
41
analysts
31 bullish · 0 bearish · 41 covering TPR
Strong Buy
0
Buy
31
Hold
10
Sell
0
Strong Sell
0
Consensus Target
$170
+18.5% vs today
Scenario Range
$160 – $334
Model bear to bull value window
Coverage
41
Published analyst ratings
Valuation Context
20.6x
Forward P/E · Market cap $29.0B
TPR price targets
Three scenarios for where TPR stock could go
Current
~$144
Confidence
50 / 100
Updated
Jun 18, 2026
Where we are now
Current · $144
Bear
$160
Base
$253
Bull
$334
Market caseClosest to today
Base case
$253+76.6%
At 36x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$160+11.3%
The bear case assumes sentiment or fundamentals disappoint enough to push TPR down roughly 11% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Tapestry, Inc.
TPR · NYSEConsumer CyclicalLuxury GoodsJune year-end
Tapestry is a luxury fashion holding company that owns and operates three distinct accessory and lifestyle brands — Coach, Kate Spade, and Stuart Weitzman. It generates revenue primarily through direct retail sales (about 70% of total) and wholesale distribution of handbags, footwear, and accessories across its brand portfolio. The company's competitive advantage lies in its portfolio diversification across price points and consumer segments, coupled with strong brand equity — particularly Coach's heritage as an accessible luxury leader.
Market Cap
$29.0B
Revenue TTM
$7.9B
Net Income TTM
$663M
Net Margin
8.4%
TPR Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
92%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+11.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.04/$1.02
Revenue
$1.7B/$1.7B
Q4 2025
EPS
$1.38/$1.26
Revenue
$1.7B/$1.6B
Q1 2026
EPS
$2.69/$2.22
Revenue
$2.5B/$2.3B
Q2 2026
EPS
$1.66/$1.30
Revenue
$1.9B/$1.8B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.04/$1.02 | +2.0% | $1.7B/$1.7B | +2.5% |
| Q4 2025 | $1.38/$1.26 | +9.5% | $1.7B/$1.6B | +4.0% |
| Q1 2026 | $2.69/$2.22 | +21.2% | $2.5B/$2.3B | +7.7% |
| Q2 2026 | $1.66/$1.30 | +27.7% | $1.9B/$1.8B | +7.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.2B
+4.7% YoY
FY2
$8.5B
+3.5% YoY
EPS Outlook
FY1
$4.93
+55.0% YoY
FY2
$5.63
+14.2% YoY
Trailing FCF (TTM)$1.8B
FCF Margin: 22.4%
Next Earnings
August 13, 2026
Expected EPS
$1.23
Expected Revenue
$1.9B
TPR beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
TPR Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $7.0B
Product Mix
Latest annual revenue by segment or product family
Coach Segment
79.9%
+9.9% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
North America
60.0%
+6.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Coach Segment is the largest disclosed segment at 79.9% of FY 2025 revenue, up 9.9% YoY.
North America is the largest reported region at 60.0%, up 6.5% YoY.
TPR Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $102 — implies -29.2% from today's price.
Premium to Fair Value
29.2%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
TPR
175.0x
vs
S&P 500
24.4x
+616% premium
vs Consumer Cyclical Trailing P/E
TPR
175.0x
vs
Consumer Cyclical
21.2x
+727% premium
vs TPR 5Y Avg P/E
Today
175.0x
vs
5Y Average
30.8x
+469% premium
Forward PE
20.6x
S&P 500
18.8x
+9%
Consumer Cyclical
16.3x
+26%
5Y Avg
—
—
Trailing PE
175.0x
S&P 500
24.4x
+616%
Consumer Cyclical
21.2x
+727%
5Y Avg
30.8x
+469%
PEG Ratio
—
S&P 500
1.66x
—
Consumer Cyclical
0.92x
—
5Y Avg
—
—
EV/EBITDA
49.7x
S&P 500
15.2x
+227%
Consumer Cyclical
12.2x
+308%
5Y Avg
14.5x
+243%
Price/FCF
26.5x
S&P 500
20.7x
+28%
Consumer Cyclical
15.6x
+70%
5Y Avg
12.1x
+119%
Price/Sales
4.1x
S&P 500
3.1x
+34%
Consumer Cyclical
0.7x
+493%
5Y Avg
1.8x
+125%
Dividend Yield
0.94%
S&P 500
1.91%
-51%
Consumer Cyclical
2.17%
-57%
5Y Avg
2.68%
-65%
| Metric | TPR | S&P 500 | Consumer Cyclical | 5Y Avg TPR |
|---|---|---|---|---|
| Forward PE | 20.6x | 18.8x | 16.3x+26% | — |
| Trailing PE | 175.0x | 24.4x+616% | 21.2x+727% | 30.8x+469% |
| PEG Ratio | — | 1.66x | 0.92x | — |
| EV/EBITDA | 49.7x | 15.2x+227% | 12.2x+308% | 14.5x+243% |
| Price/FCF | 26.5x | 20.7x+28% | 15.6x+70% | 12.1x+119% |
| Price/Sales | 4.1x | 3.1x+34% | 0.7x+493% | 1.8x+125% |
| Dividend Yield | 0.94% | 1.91% | 2.17% | 2.68% |
TPR trades above S&P 500 benchmarks on 4 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolTPR Financial Health
Verdict
Strong
TPR generates $1.8B in free cash flow at a 22.4% margin — returns 7.9% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$7.9B
Revenue Growth
TTM vs prior year
+14.1%
Gross Margin
Gross profit as a share of revenue
76.2%
Operating Margin
Operating income divided by revenue
11.3%
Net Margin
Net income divided by revenue
8.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.18
Free Cash Flow (TTM)
Cash generation after capex
$1.8B
FCF Margin
FCF as share of revenue — the primary cash quality signal
22.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
6.8%
ROA
Return on assets, trailing twelve months
10.2%
Cash & Equivalents
Liquid assets on the balance sheet
$1.1B
Net Debt
Total debt minus cash
$2.8B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.6× FCF
~1.6 years to full repayment at current FCF run-rate
ROE *
Return on equity, trailing twelve months
106.4%
* Elevated by buyback-compressed equity — compare ROIC (6.8%) for an undistorted picture of capital efficiency.
Shareholder Returns
How capital is returned to owners
Total shareholder yield
7.9%
Dividend
0.9%
Buyback
7.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$2.0B
Dividend / Share
Annualized trailing dividend per share
$1.35
Payout Ratio
Share of earnings distributed as dividends
163.4%
Shares Outstanding
Declining as buybacks retire shares
202M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt). ROE marked * where buyback-compressed equity base may inflate the figure.
Open full ratios pageTPR Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Valuation downside risk
Analysts project a potential 42.5% downside to TPR's 12-month price target, indicating significant valuation concerns.
Medium
Luxury sector cyclicality
As a luxury goods company, Tapestry is exposed to consumer spending volatility in cyclical markets.
High Risk
Corporate governance risks
Finance & Corporate is reported as the top risk category for Tapestry, suggesting potential governance or financial control issues.
Medium
Brand portfolio concentration
Heavy reliance on Coach and kate spade brands creates vulnerability to shifting consumer preferences in luxury accessories.
Lower
Market confusion risk
Potential brand dilution from consumer search results mixing textile art products with the luxury fashion company.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why TPR Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Iconic brand portfolio
Tapestry owns globally recognized luxury brands like Coach and kate spade new york, which combine timeless craftsmanship with modern innovation.
Share repurchase program
The company announced a multi-year share repurchase program of up to US$3 billion, signaling confidence in its financial health and commitment to shareholder returns.
Analyst price target upside
Wall Street analysts project a 12-month price target of $78.13 for Tapestry, representing a significant upside potential from current levels.
Strategic acquisitions potential
A bull case scenario includes the company leveraging its balance sheet for value-accretive acquisitions, which could drive further growth.
Luxury goods market position
Tapestry operates in the luxury goods sector, a segment known for resilience and premium pricing power, which supports its revenue stability.
Runway event visibility
High-profile events like Coach's Spring 2026 collection showcase enhance brand visibility and consumer engagement, driving sales momentum.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
TPR Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$143.50
52W Range Position
77%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$83.00
+72.9% from the low
52-Week High
$161.97
-11.4% from the high
1 Month
+9.40%
3 Month
+2.29%
YTD
+11.2%
1 Year
+70.3%
3Y CAGR
+48.9%
5Y CAGR
+28.4%
10Y CAGR
+13.8%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
TPR vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
20.6x
vs 14.5x median
+42% above peer median
Revenue Growth
+4.7%
vs -0.4% median
+1279% above peer median
Net Margin
8.4%
vs 3.9% median
+114% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
TPR TPR Tapestry, Inc. | $29.0B | 20.6x | +4.7% | 8.4% | Buy | +18.5% |
CPR CPRI Capri Holdings Limited | $2.3B | 14.5x | -1.5% | 3.9% | Hold | +14.6% |
RL RL Ralph Lauren Corporation | $25.2B | 25.3x | +6.8% | 11.6% | Buy | +5.9% |
PVH PVH PVH Corp. | $3.6B | 7.1x | +3.3% | 0.2% | Buy | +19.4% |
HBI HBI Hanesbrands Inc. | $2.3B | 9.8x | -1.6% | 9.6% | Buy | +12.1% |
VFC VFC V.F. Corporation | $6.8B | 21.0x | -0.4% | 2.7% | Hold | +18.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
TPR Dividend and Capital Return
TPR returns capital mainly through $2.0B/year in buybacks (7.0% buyback yield), with a modest 0.94% dividend — combining for 7.9% total shareholder yield. The dividend has grown for 5 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
7.9%
Dividend + buyback return per year
Buyback Yield
7.0%
Dividend Yield
0.94%
Payout Ratio
1.6%
How TPR Splits Its Return
Buyback 7.0%
Dividend 0.94%Buybacks 7.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.35
Growth Streak
Consecutive years of dividend increases
5Y
3Y Div CAGR
10.9%
5Y Div CAGR
34.8%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$2.0B
Estimated Shares Retired
14M
Approx. Share Reduction
7.0%
Shares Outstanding
Current diluted share count from the screening snapshot
202M
At 7.0%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.80 | — | — | — |
| 2025 | $1.50 | +7.1% | 10.4% | 12.0% |
| 2024 | $1.40 | +7.7% | 0.0% | 3.2% |
| 2023 | $1.30 | +18.2% | 6.8% | 9.6% |
| 2022 | $1.10 | +120.0% | 19.4% | 22.6% |
FAQ
7 questionsTPR Investor Questions
Common questions answered from live analyst data and company financials.
01Is Tapestry, Inc. (TPR) stock a buy or sell in 2026?
Tapestry, Inc. (TPR) is rated Buy by Wall Street analysts as of 2026. Of 41 analysts covering the stock, 31 rate it Buy or Strong Buy, 10 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $170, implying +18.5% from the current price of $144. The bear case scenario is $160 and the bull case is $334.
02What is the TPR stock price target for 2026?
The Wall Street consensus price target for TPR is $170 based on 41 analyst estimates. The high-end target is $187 (+30.3% from today), and the low-end target is $138 (-3.8%). The base case model target is $253.
03Is Tapestry, Inc. (TPR) stock overvalued in 2026?
TPR trades at 20.6x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Tapestry, Inc. (TPR) stock in 2026?
The primary risks for TPR in 2026 are: (1) Valuation downside risk — Analysts project a potential 42. (2) Corporate governance risks — Finance & Corporate is reported as the top risk category for Tapestry, suggesting potential governance or financial control issues. (3) Luxury sector cyclicality — As a luxury goods company, Tapestry is exposed to consumer spending volatility in cyclical markets. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Tapestry, Inc.'s revenue and earnings forecast?
Analyst consensus estimates TPR will report consensus revenue of $8.2B (+4.7% year-over-year) and EPS of $4.93 (+55.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $8.5B in revenue.
06When does Tapestry, Inc. (TPR) report its next earnings?
Tapestry, Inc. is expected to report its next earnings on approximately 2026-08-13. Consensus expects EPS of $1.23 and revenue of $1.9B. Over recent quarters, TPR has beaten EPS estimates 92% of the time.
07How much free cash flow does Tapestry, Inc. generate?
Tapestry, Inc. (TPR) generated $1.8B in free cash flow over the trailing twelve months — a free cash flow margin of 22.4%. TPR returns capital to shareholders through dividends (0.9% yield) and share repurchases ($2.0B TTM).