Upside case
Bull case
$231+55.5%
TPR would need investors to value it at roughly 36x earnings — about 13x more generous than today's 23x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 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
30 bullish · 0 bearish · 41 covering TPR
Strong Buy
0
Buy
30
Hold
11
Sell
0
Strong Sell
0
Consensus Target
$162
+9.1% vs today
Scenario Range
— – $231
Model bear to bull value window
Coverage
41
Published analyst ratings
Valuation Context
22.9x
Forward P/E · Market cap $30.2B
TPR price targets
Three scenarios for where TPR stock could go
Current
~$149
Confidence
55 / 100
Updated
May 1, 2026
Where we are now
Current · $149
Base
$149
Bull
$231
Market caseClosest to today
Base case
$149+0.0%
This is close to how the market is already pricing TPR — at roughly 23x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
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
$30.2B
Revenue TTM
$7.5B
Net Income TTM
$522M
Net Margin
7.0%
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
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+11.9%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$1.03/$0.88
Revenue
$1.6B/$1.5B
Q3 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
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $1.03/$0.88 | +17.2% | $1.6B/$1.5B | +3.8% |
| 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% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$7.8B
+4.3% YoY
FY2
$8.2B
+4.8% YoY
EPS Outlook
FY1
$4.06
+63.1% YoY
FY2
$4.19
+3.3% YoY
Trailing FCF (TTM)$1.7B
FCF Margin: 22.4%
Next Earnings
May 7, 2026
Expected EPS
$1.26
Expected Revenue
$1.8B
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
Significantly Overvalued
Fair value est. $62 — implies -56.7% from today's price.
Premium to Fair Value
56.7%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
TPR
181.5x
vs
S&P 500
25.2x
+619% premium
vs Consumer Cyclical Trailing P/E
TPR
181.5x
vs
Consumer Cyclical
19.6x
+827% premium
vs TPR 5Y Avg P/E
Today
181.5x
vs
5Y Average
30.8x
+490% premium
Forward PE
22.9x
S&P 500
19.1x
+20%
Consumer Cyclical
15.2x
+51%
5Y Avg
—
—
Trailing PE
181.5x
S&P 500
25.2x
+619%
Consumer Cyclical
19.6x
+827%
5Y Avg
30.8x
+490%
PEG Ratio
—
S&P 500
1.75x
—
Consumer Cyclical
0.95x
—
5Y Avg
—
—
EV/EBITDA
51.5x
S&P 500
15.3x
+238%
Consumer Cyclical
11.4x
+353%
5Y Avg
14.5x
+256%
Price/FCF
27.6x
S&P 500
21.3x
+29%
Consumer Cyclical
15.0x
+84%
5Y Avg
12.1x
+128%
Price/Sales
4.3x
S&P 500
3.1x
+37%
Consumer Cyclical
0.7x
+505%
5Y Avg
1.8x
+134%
Dividend Yield
0.90%
S&P 500
1.88%
-52%
Consumer Cyclical
2.15%
-58%
5Y Avg
2.68%
-66%
| Metric | TPR | S&P 500 | Consumer Cyclical | 5Y Avg TPR |
|---|---|---|---|---|
| Forward PE | 22.9x | 19.1x+20% | 15.2x+51% | — |
| Trailing PE | 181.5x | 25.2x+619% | 19.6x+827% | 30.8x+490% |
| PEG Ratio | — | 1.75x | 0.95x | — |
| EV/EBITDA | 51.5x | 15.3x+238% | 11.4x+353% | 14.5x+256% |
| Price/FCF | 27.6x | 21.3x+29% | 15.0x+84% | 12.1x+128% |
| Price/Sales | 4.3x | 3.1x+37% | 0.7x+505% | 1.8x+134% |
| Dividend Yield | 0.90% | 1.88% | 2.15% | 2.68% |
TPR trades above S&P 500 benchmarks on 5 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 $1.7B in free cash flow at a 22.4% margin — returns 7.6% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$7.5B
Revenue Growth
TTM vs prior year
+10.9%
Gross Margin
Gross profit as a share of revenue
76.0%
Operating Margin
Operating income divided by revenue
9.5%
Net Margin
Net income divided by revenue
7.0%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$2.49
Free Cash Flow (TTM)
Cash generation after capex
$1.7B
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
8.0%
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
1.7× FCF
~1.7 years to full repayment at current FCF run-rate
ROE *
Return on equity, trailing twelve months
94.8%
* 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
7.6%
Dividend
0.9%
Buyback
6.7%
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
223M
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 April 11, 2026
High Risk
Finance & Corporate
Finance & Corporate risks account for 42% of Tapestry’s 33 total risk items, underscoring the company’s exposure to governance, capital structure, and regulatory compliance. Limitations on recovering claims against directors and officers could reduce shareholder recovery in loss events, while potential challenges in accessing credit and capital markets may increase borrowing costs.
Medium
Debt & Financing
Tapestry faces potential difficulties in securing debt and capital market financing, which could raise borrowing costs or limit growth capital. Unfavorable credit terms or tighter liquidity conditions could constrain the company’s ability to fund acquisitions or operational initiatives.
Medium
Foreign Currency Exchange Rates
As an international retailer, Tapestry’s sales and profitability are exposed to foreign currency fluctuations. Adverse movements in exchange rates can erode revenue margins and increase the cost of imported goods, impacting overall profitability.
Lower
Economic Downturns
During economic downturns, Tapestry’s stock has historically underperformed the S&P 500, experiencing larger percentage drops and slower recoveries. This trend indicates heightened sensitivity to macro‑economic cycles that could depress sales and earnings.
Lower
Valuation & Growth Runway
Despite recent positive performance, concerns remain about the stock’s valuation and a potentially limited growth runway, especially with unresolved challenges at brands like Kate Spade. A constrained growth trajectory could pressure future earnings and shareholder returns.
Lower
Fashion Cyclicality & Trends
Tapestry’s focus on Gen Z and accessible luxury exposes it to rapid fashion trend shifts and price‑sensitive customers. Failure to keep pace with evolving consumer preferences can lead to inventory write‑downs and margin compression.
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 April 11, 2026
Strong Brand Portfolio
Tapestry owns iconic luxury brands such as Coach and Kate Spade, which enjoy a significant global presence. The company is actively expanding these brands into new markets and across generations, reinforcing its market footprint.
Appeal to Younger Consumers
Tapestry has pivoted to attract Gen Z shoppers, highlighted by the viral success of Coach’s Tabby handbag line on social media. This strategy has added millions of new customers, with a substantial portion belonging to the Gen Z cohort.
Relative Outperformance
Over the past year, TPR has outperformed the broader consumer discretionary sector, which has seen declines. TPR’s resilience and growth contrast sharply with the sector’s downturn.
Technical Strength
The stock has consistently traded above its 50‑day and 200‑day moving averages, indicating a sustained bullish trend and strong market momentum.
Growth Strategy
Tapestry’s growth plan focuses on international expansion, product innovation, and strategic partnerships. The aim is to embed its brands into everyday lifestyles and sustain long‑term relevance.
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
$148.83
52W Range Position
85%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$71.99
+106.7% from the low
52-Week High
$161.97
-8.1% from the high
1 Month
+3.57%
3 Month
-2.15%
YTD
+15.3%
1 Year
+103.0%
3Y CAGR
+57.0%
5Y CAGR
+26.0%
10Y CAGR
+14.1%
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
22.9x
vs 13.8x median
+66% above peer median
Revenue Growth
+4.3%
vs -5.6% median
+177% above peer median
Net Margin
7.0%
vs 5.3% median
+30% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
TPR TPR Tapestry, Inc. | $30.2B | 22.9x | +4.3% | 7.0% | Buy | +9.1% |
CPR CPRI Capri Holdings Limited | $2.3B | 13.8x | -6.3% | -13.6% | Hold | +31.3% |
RL RL Ralph Lauren Corporation | $50.4B | 22.9x | +4.1% | 11.7% | Buy | +15.2% |
PVH PVH PVH Corp. | $4.2B | 8.4x | -2.7% | 5.3% | Buy | +8.8% |
HBI HBI Hanesbrands Inc. | $2.3B | 9.8x | -8.3% | 9.6% | Buy | +12.1% |
VFC VFC V.F. Corporation | $7.6B | 23.5x | -5.6% | 2.3% | Hold | +4.4% |
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 (6.7% buyback yield), with a modest 0.90% dividend — combining for 7.6% total shareholder yield. The dividend has grown for 5 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
7.6%
Dividend + buyback return per year
Buyback Yield
6.7%
Dividend Yield
0.90%
Payout Ratio
1.6%
How TPR Splits Its Return
Buyback 6.7%
Dividend 0.90%Buybacks 6.7%
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
6.1%
Shares Outstanding
Current diluted share count from the screening snapshot
223M
At 6.1%/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 | $0.40 | — | — | — |
| 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, 30 rate it Buy or Strong Buy, 11 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $162, implying +9.1% from the current price of $149.
02What is the TPR stock price target for 2026?
The Wall Street consensus price target for TPR is $162 based on 41 analyst estimates. The high-end target is $180 (+20.9% from today), and the low-end target is $138 (-7.3%). The base case model target is $149.
03Is Tapestry, Inc. (TPR) stock overvalued in 2026?
TPR trades at 22.9x 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 significantly overvalued. 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) Finance & Corporate — Finance & Corporate risks account for 42% of Tapestry’s 33 total risk items, underscoring the company’s exposure to governance, capital structure, and regulatory compliance. (2) Debt & Financing — Tapestry faces potential difficulties in securing debt and capital market financing, which could raise borrowing costs or limit growth capital. (3) Foreign Currency Exchange Rates — As an international retailer, Tapestry’s sales and profitability are exposed to foreign currency fluctuations. 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 $7.8B (+4.3% year-over-year) and EPS of $4.06 (+63.1% year-over-year) for the upcoming fiscal year. The following year, analysts project $8.2B in revenue.
06When does Tapestry, Inc. (TPR) report its next earnings?
Tapestry, Inc. is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $1.26 and revenue of $1.8B. 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 $1.7B 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).