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→Stable
- Coach Brand Revenue Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Tapestry, Inc. (TPR) Stock Analysis
Range Bound setup · Catalyst-Driven edge
Consumer Cyclical · Luxury Goods
Sell if holding. Multiple concerning factors at $115.03: Concentration risk — Product: Coach segment (79.9%); Sector modifier (Consumer Cyclical): -1.5.
Tapestry owns the Coach, kate spade new york and Stuart Weitzman fashion brands, selling mainly through direct-to-consumer retail and e-commerce (about 86% of fiscal 2025 net sales) and wholesale (about 13%). Coach alone was 79.9% of net sales, and about 40.0% of net sales came... Read more
Sell if holding. Multiple concerning factors at $115.03: Concentration risk — Product: Coach segment (79.9%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: RSI 57 mid-range, Bollinger mid-band. Score 6.1/10, high confidence.
Passes 7/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 21d clear, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
About Tapestry, Inc.
About Tapestry, Inc.
Coach generated 79.9% of Tapestry's $7.0 billion in net sales in fiscal 2025, with kate spade new york contributing 17.1% and Stuart Weitzman — since divested to Caleres in August 2025 — the remaining 3.0%. Tapestry operated 1,371 stores worldwide as of June 28, 2025, split between 541 in North America and 830 internationally, and direct-to-consumer channels (stores, e-commerce, and concessions) generated approximately 86% of total net sales.
Tapestry sells through direct-to-consumer stores and e-commerce, wholesale relationships with department and specialty stores, and licensing agreements covering categories such as eyewear (Luxottica), watches (Movado), and fragrance (Interparfums), with royalties currently equal to about 1% of total net sales. Wholesale represented approximately 13% of fiscal 2025 net sales, and no customer accounted for more than 10% of any segment's net sales. Handbags remain the largest product category, at 54.9% of Tapestry's net sales, followed by accessories at 25.8%. The company sources finished goods from independent manufacturers primarily in Vietnam, Cambodia, the Philippines, mainland China, India, and Spain, managed through sourcing offices in those regions; no single Coach or Kate Spade vendor supplied 10% or more of either brand's inventory purchases, though one Spain-based vendor supplied approximately 11% of Stuart Weitzman's inventory purchases. Marketing spending reached $744.5 million in fiscal 2025, nearly 11% of net sales, up from over 9% in fiscal 2024.
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Beneath Tapestry's brand-portfolio numbers sits a multi-year erosion story at kate spade: segment net sales fell from $1,418.9 million in fiscal 2023 to $1,197.1 million in fiscal 2025, with handbags — the brand's core category — shrinking from 54.9% to 52.1% of segment sales over the same period even as its 'Other' category (jewelry, home décor, gifts) grew from 18.1% to 20.8%. That mix shift toward lower-margin extension categories, alongside two consecutive years of segment revenue decline, is a distinct and falsifiable brand-health signal that the top-line Coach concentration figures don't capture.
See also: Consumer Cyclical · Luxury Goods
From Tapestry, Inc.'s most recent 10-K filing, extracted October 11, 2026.
Recent developments
updated 2026-10-15Recent Developments — Tapestry, Inc.
Latest news
- NEWS How Investors Are Reacting To Tapestry (TPR) Google AI Checkout Rollout - Simply Wall Street — Simply Wall Street neutral
- NEWS ETFs Investing in TPR Co., Ltd. Stocks - TradingView — TradingView neutral
- NEWS ETFs Investing in TPR Co., Ltd. Stocks - tradingview.com — tradingview.com neutral
- NEWS How Coach's Global Momentum Is Powering Tapestry's Market Share Gains - Yahoo Finance — Yahoo Finance positive
- NEWS One Consumer Stock Trading Near Resistance Levels – TPR - Kalkine — Kalkine neutral
Generated 2026-10-15T11:32:15Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCoach segment80%10-K Item 1: 'This segment represented 79.9% of total net sales in fiscal 2025.'
Material Events(8-K, last 90d)
- 2026-04-06Item 5.02LOWOn April 6, 2026 the Board increased its size from ten to eleven and elected Matthew Madrigal as a director, with standard non-employee director compensation.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $115.03: Concentration risk — Product: Coach segment (79.9%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: RSI 57 mid-range, Bollinger mid-band. Prior stop was $109.07. Score 6.1/10, high confidence.
Take-profit target: $149.85 (+30.3% upside). Prior stop was $109.07. Stop-loss: $109.07.
Concentration risk — Product: Coach segment (79.9%); Sector modifier (Consumer Cyclical): -1.5; Leverage penalty (D/E 5.7): -1.5.
Tapestry, Inc. trades at a P/E of 15.8 (forward 12.9). TrendMatrix value score: 8.3/10. Verdict: Sell.
28 analysts cover TPR with a consensus score of 4.0/5. Average price target: $167.
What does Tapestry, Inc. do?Tapestry owns the Coach, kate spade new york and Stuart Weitzman fashion brands, selling mainly through...
Tapestry owns the Coach, kate spade new york and Stuart Weitzman fashion brands, selling mainly through direct-to-consumer retail and e-commerce (about 86% of fiscal 2025 net sales) and wholesale (about 13%). Coach alone was 79.9% of net sales, and about 40.0% of net sales came from outside the U.S.