Tapestry is a high-quality luxury goods company with a Piotroski F-Score of 8 out of 9, 231% free cash flow conversion, and a perfect four-quarter earnings beat streak averaging 14.9% positive surprises, supported by a strong competitive moat in branded handbags. The primary near-term constraint is that the stock has reached its analyst resistance target, with the Coach brand accounting for approximately 80% of revenues representing a meaningful concentration risk.
Thesis pillars
- Exceptional Free Cash Conversion And Quality→Stable
- Perfect Earnings Beat Streak↓Deteriorating
- Coach Brand Revenue Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Aug 13, 2026· older than 90 days
Tapestry, Inc. (TPR) Stock Analysis
Recovery setup
Consumer Cyclical · Luxury Goods
Sell if holding. Multiple concerning factors at $121.02: Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5.
Tapestry owns the Coach and kate spade new york brands of handbags, accessories and lifestyle products, reported as two segments: Coach (86.4% of fiscal 2026 net sales) and Kate Spade (13.4%). Direct-to-consumer stores and e-commerce generated approximately 87% of net sales,... Read more
Sell if holding. Multiple concerning factors at $121.02: Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: Death cross but MACD improving, RSI 60. Score 6.1/10, high confidence.
Passes 8/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, positive momentum, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on earnings proximity 1d<=7d. Suitability: aggressive.
About Tapestry, Inc.
About Tapestry, Inc.
Coach accounted for 86.4% of Tapestry's total net sales in fiscal 2026, with kate spade new york contributing 13.4% and the divested Stuart Weitzman business 0.2%. The accessories and lifestyle company operated 973 Coach and 326 Kate Spade stores at fiscal year-end, and direct-to-consumer channels produced approximately 87% of total net sales against roughly 12% from wholesale.
Tapestry earns revenue mainly through its own retail and outlet stores, concession shop-in-shops and brand e-commerce sites in markets such as the U.S., Canada, Japan, Greater China, Europe and Australia. Wholesale sells to major department stores, specialty stores and third-party digital partners, and no customer individually exceeded 10% of either segment's net sales. Licensing partners including Movado for Coach watches, Interparfums for fragrance and Safilo for Kate Spade eyewear pay royalties that make up about 1% of total net sales, and the Coach eyewear agreement with Luxottica is expected to renew during fiscal 2027. Marketing-related spending was $962.5 million in fiscal 2026, or 12% of net sales, up from $744.5 million. The company runs sourcing management offices in Vietnam, mainland China, the Philippines and Cambodia, and no single vendor supplied 10% or more of either brand's inventory purchases. Its 2028 Amplify strategy aims to sustain North America growth while prioritizing Greater China and Europe.
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Geography on both the supply and demand side stands out. Coach manufacturers were primarily located in Vietnam, Cambodia, the Philippines and India during fiscal 2026, while Kate Spade products were made mainly in Vietnam, Cambodia, the Philippines and Bangladesh, so disruption in those countries could affect product availability even though no one vendor passes the 10% threshold. About 41.3% of net sales came from operations outside the United States, and the 10-K lists international operating risks alongside the benefit of geographic diversity. If growth in Greater China and Europe falls short of the Amplify targets, the mix could lean further on North American stores.
See also: Consumer Cyclical · Luxury Goods
From Tapestry, Inc.'s most recent 10-K filing, extracted October 18, 2026.
Recent developments
updated Oct 29, 2026Recent Developments — Tapestry, Inc.
Latest news
- NEWS Wells Fargo & Company Issues Pessimistic Forecast for Tapestry (NYSE:TPR) Stock Price - MarketBeat — MarketBeat Oct 29, 2026 negative
- NEWS Why Tapestry (TPR) Could Beat Earnings Estimates Again - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS Here’s Why the Strategy Exited Tapestry (TPR) in Q3 - Yahoo Finance — Yahoo Finance Oct 27, 2026 neutral
- NEWS A Look Back at Consumer Discretionary - Apparel and Accessories Stocks’ Q2 Earnings: Tapestry (NYSE:TPR) Vs The Rest Of — TradingView Oct 6, 2026 neutral
- NEWS How Investors Are Reacting To Tapestry (TPR) Google AI Checkout Rollout - Simply Wall Street — Simply Wall Street Sep 30, 2026 neutral
Latest item Oct 29, 2026 · Generated 2026-11-04T11:39:51Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCoach segment86%10-K Item 1: 'Coach includes global sales of primarily Coach brand products ... This segment represented 86.4% of total net sales in fiscal 2026'
- MEDIUMGeographicnet sales outside the United States41%10-K Item 1A: 'approximately 41.3% of our net sales coming from operations outside of the United States for fiscal year 2026'
- MEDIUMGeographicVietnam, Cambodia, the Philippines and India manufacturing10-K Item 1: 'manufacturers of Coach products were primarily located in Vietnam, Cambodia, the Philippines and India'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $121.02: Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: Death cross but MACD improving, RSI 60. Prior stop was $114.16. Score 6.1/10, high confidence.
Analyst target: $145.04 (+19.8% upside). Prior stop was $114.16. Stop-loss: $114.16.
Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5; Leverage penalty (D/E 5.7): -1.5.
Tapestry, Inc. trades at a P/E of 16.6 (forward 13.6). TrendMatrix value score: 7.8/10. Verdict: Sell.
26 analysts rate TPR, with a consensus score of 4.0/5. 19 analysts publish price targets averaging $161.
What does Tapestry, Inc. do?Tapestry owns the Coach and kate spade new york brands of handbags, accessories and lifestyle products, reported as two...
Tapestry owns the Coach and kate spade new york brands of handbags, accessories and lifestyle products, reported as two segments: Coach (86.4% of fiscal 2026 net sales) and Kate Spade (13.4%). Direct-to-consumer stores and e-commerce generated approximately 87% of net sales, wholesale about 12% and licensing royalties roughly 1%. It operates 973 Coach and 326 Kate Spade stores and sources mainly from Vietnam, Cambodia, the Philippines and other Asian countries.