Tapestry, Inc. (TPR) Stock

About Tapestry, Inc.

Tapestry, Inc. is a prominent global fashion house specializing in premium accessories and distinct lifestyle brands. It operates internationally, serving customers across the United States, Japan, Greater China, and other markets worldwide. The company's diverse portfolio is structured around three well-known brands: Coach, Kate Spade, and Stuart Weitzman. Tapestry offers an extensive product range catering to women, men, and even includes items for children and home goods. For women, this encompasses a vast selection of luxury accessories, including various handbag styles such as wallets, wristlets, and cosmetic cases, alongside unique novelty items like travel accessories, sketchbooks, and keychains. The collection further features footwear, eyewear, fine jewelry (bracelets, necklaces, rings, and earrings), fragrances, watches, and seasonal apparel, which covers outerwear, ready-to-wear collections, and cold-weather essentials like gloves, scarves, and hats. Men's offerings include a wide array of bags, from business cases and messenger bags to backpacks and totes. Additionally, they can find small leather goods like wallets, card cases, and belts, as well as footwear, timepieces, scents, sunglasses, novelty items, and ready-to-wear clothing. Beyond personal fashion, the company extends its reach to children's footwear, and home goods such as stylish bedding and tableware, alongside stationery and gift items. Tapestry also expands its market presence through licensing agreements. Under the Coach brand, it permits the marketing and distribution of tech and soft accessories, jewelry, watches, eyewear, and fragrances. The Kate Spade brand licenses include tableware, housewares, fashion bedding, tech accessories, watches, sleepwear, eyewear, stationery, gifts, and fragrances. As of July 2, 2022, Tapestry managed a substantial retail footprint, operating 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. Its products are distributed through various channels, including the company's e-commerce platforms, dedicated concession spaces within other retailers, wholesale partnerships, and a network of independent third-party distributors. Originally established in 1941 as Coach, Inc., the corporation rebranded as Tapestry, Inc. in October 2017. Its corporate headquarters are situated in New York, New York.

Tapestry, Inc. is led by CEO Joanne C. Crevoiserat, employs 19,000 people, headquartered in New York City, US, publicly traded since 2000.

Tapestry, Inc. (TPR) stock trades at $162.62 with a market capitalization of $32.86B. The stock is valued at a price-to-earnings (P/E) ratio of 45.08, price-to-book of 43.71, price-to-sales of 3.79. Over the past 52 weeks the stock has ranged between $83.26 and $162.62, and currently trades at its 52-week high. It pays a dividend yielding 1.09%.

On profitability, Tapestry, Inc. generates a return on equity (ROE) of 60.91% — well above the market average, a sign of a high-quality business, return on capital employed of 48.37%, an operating margin of 11.32%, a net profit margin of 8.44%.

In its most recent fiscal year, Tapestry, Inc. reported annual revenue of $7.0B, net profit of $183.0M, revenue has compounded at 7.2% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 5.75 — a leveraged balance sheet worth monitoring, a current ratio of 1.87, total assets of $6.6B, $1.1B in cash and equivalents.

TPR has an average daily trading volume of 2,590,000 shares, a beta of 1.45 (more volatile than the overall market).

Official website: www.tapestry.com