Reading the tape
NYSE: TPR
Tapestry, Inc.
Consumer Cyclical · Luxury Goods
Market Cap
$28.91B
52w High
$161.97
52w Low
$71.99
P/E
55.21
Volume
460.65K
Outstanding Shares
204.65M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 92.28%Revenue (TTM): 10.9%FCF (TTM): 96.11%P/FCF: 62nd pct
What changed
The stock rose 92.28% over the last year. Revenue grew 10.9% over the trailing twelve months. Operating margin moved from 17.47% to 9.51%. Free cash flow grew 96.11% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (62nd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 9.51% — continued expansion would be needed to justify the premium. Revenue growth of 10.9% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally.
CEOJoanne C. Crevoiserat
SectorConsumer Cyclical
IndustryLuxury Goods
Employees19,000
IPO dateOct 6, 2000
Valuation
Forward P/E—
EV/EBITDA41.19
Enterprise value$21.68B
Stock splits
Apr 5, 2005↑ Forward
Every 1 shares became 2
Oct 2, 2003↑ Forward
Every 1 shares became 2
Jul 5, 2002↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth13.98%
Gross margin75.98%▲2.93%vs FY2024
Operating margin9.51%▼65.36%vs FY2024
ROE21.36%▼24.18%vs FY2024
Analyst consensus
RatingBuy
Target price$162.38▲14.93%
30
Buy
11
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $1.26 · Revenue est $1.78B
View
Dividends
$1.55/shareQuarterly4yr growth streakSafeTPR pays a dividend with a 1.1% dividend yield, 4 consecutive years of growth, growing at 2.33% annually, covered 3.7× by free cash flow.
Dividend Yield
1.1%
Annual Div / Share
$1.55
5yr CAGR
+2.33%
Doubles every ~30.1yr
Payout Ratio
59.37%
Safe
Dividend Growth Rate
3yr CAGR
+10.46%
5yr CAGR
+2.33%
10yr CAGR
+1.39%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.55+10.7%
2024$1.40+3.7%
2023$1.35+17.4%
2022$1.15+5.7%
2021$1.09-19.4%
2019$1.35+0.0%
2018$1.35+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$11/yr
$1/mo
In 5 yrs
$12/yr+12%
$1/mo
In 10 yrs
$14/yr+26%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$11/yr $1/mo | $12/yr+12% $1/mo | $14/yr+26% $1/mo |
Yield-on-cost grows from 1.1% → 1.38% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 3.7× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in TPR
STOCK Act disclosures from senators and representatives.
Terri Sewell
ALhouseDemocratSale2026-03-25$15,001 - $50,000+27d to disclose