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→Stable
- +1 more pillar — see the Why tab for full reasoning
Tapestry, Inc. (TPR) Stock Analysis
Range Bound setup · Temporary headwind edge
Consumer Cyclical · Luxury Goods
Wait for pullback to $138.51. At $144.21 the A.R:R is 0.5:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $138.51 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Product: Coach (79.9%); Thin upside margin: 4.1%.
Tapestry owns the Coach and kate spade new york fashion brands, operating 931 Coach stores and 360 kate spade stores globally, with direct-to-consumer channels representing approximately 86% of fiscal 2025 total net sales of $7.0 billion. Coach accounted for 79.9% of total net... Read more
Wait for pullback to $138.51. At $144.21 the A.R:R is 0.5:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $138.51 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Product: Coach (79.9%); Thin upside margin: 4.1%. Chart setup: RSI 48 mid-range, Bollinger mid-band. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.29, quality 8.3/10, growth 8.9/10). Score 6.3/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 41d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About Tapestry, Inc.
About Tapestry, Inc.
Tapestry's Coach brand generated $5.6 billion in net sales in fiscal 2025 — 79.9% of the company's total — while kate spade new york contributed $1.2 billion (17.1%); Stuart Weitzman was divested to Caleres in August 2025. The combined portfolio operated 931 Coach stores and 360 kate spade stores globally, with international markets representing approximately 40% of total net sales.
Tapestry sells handbags, accessories, footwear, and lifestyle products through direct-to-consumer channels — retail stores, outlet locations, e-commerce, and concession shop-in-shops — that represented about 86% of fiscal 2025 net sales, with wholesale through department stores accounting for roughly 13% and licensing for the remaining 1%. Coach's handbag category alone represented 57.6% of that brand's segment revenue. Independent manufacturers in Vietnam, Cambodia, the Philippines, and India supply Coach products; kate spade sources primarily from Vietnam, Cambodia, mainland China, and the Philippines. No individual vendor exceeded 10% of either brand's total inventory purchases. Total marketing expenditure reached $744.5 million in fiscal 2025, nearly 11% of net sales, up from $616.8 million (over 9%) in fiscal 2024. Tariffs affecting primary manufacturing geographies — particularly Vietnam, Cambodia, and mainland China — may impact margins depending on trade policy outcomes following changes in U.S. trade administration beginning January 2025.
Show full overview
Kate spade new york's net sales declined to $1.20 billion in fiscal 2025 from $1.33 billion in fiscal 2024 and $1.42 billion in fiscal 2023 — a two-year decline of 16% — while Coach grew from $4.96 billion to $5.60 billion over the same period. The 10-K flags that rapidly changing fashion trends and shifting digital-engagement behavior may render brand positioning tarnished or undesirable if product designs or marketing campaigns miss the target consumer. Geopolitical uncertainty in U.S.-China relations, flagged explicitly in Item 1A, additionally exposes the international revenue base to trade-related demand shifts and foreign currency headwinds that management cannot fully control.
See also: Consumer Cyclical · Luxury Goods
From Tapestry, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-07-06Recent Developments — Tapestry, Inc.
Latest news
- NEWS Robert W. Baird Forecasts Strong Price Appreciation for Tapestry (NYSE:TPR) Stock - MarketBeat — MarketBeat positive
- NEWS TPR (Tapestry) posts nearly 20 percent Q1 2026 EPS beat, shares fall 1.56 percent today. - Investment Signal Network - N — Newser positive
- NEWS TPR (Tapestry) posts nearly 20 percent Q1 2026 EPS beat, shares fall 1.56 percent today. - Real Time Stock Idea Network — Newser positive
- NEWS Mitsubishi UFJ Trust & Banking Corp Purchases 125,403 Shares of Tapestry, Inc. $TPR - MarketBeat — MarketBeat positive
- NEWS Spotting Winners: Tapestry (NYSE:TPR) And Consumer Discretionary - Apparel and Accessories Stocks In Q4 - Yahoo Finance — Yahoo Finance positive
Generated 2026-07-06T06:30:28Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCoach80%10-K Item 1: 'Coach... This segment represented 79.9% of total net sales in fiscal 2025.'
- MEDIUMGeographicinternational operations40%10-K Item 1A: 'approximately 40.0% of our net sales coming from operations outside of United States for fiscal year 2025'
Material Events(8-K, last 90d)
- 2026-04-06Item 5.02LOWBoard size increased from 10 to 11 members; Matthew Madrigal elected as non-executive director effective April 6, 2026. Standard compensation: $100,000 annual cash retainer plus $200,000 annual equity grant. No arrangements with any other person cited.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
1 floor-breaker·1 ceiling hit
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $138.51. At $144.21 the A.R:R is 0.5:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $138.51 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Product: Coach (79.9%); Thin upside margin: 4.1%. Chart setup: RSI 48 mid-range, Bollinger mid-band. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.29, quality 8.3/10, growth 8.9/10). Target $150.06 (+4.1%), stop $127.23 (−13.3%), A.R:R 0.5:1. Score 6.3/10, moderate confidence.
Take-profit target: $150.06 (+7.9% upside). Target $150.06 (+4.1%), stop $127.23 (−13.3%), A.R:R 0.5:1. Stop-loss: $127.23.
Concentration risk — Product: Coach (79.9%); Thin upside margin: 4.1%; Leverage penalty (D/E 5.7): -1.5.
Tapestry, Inc. trades at a P/E of 44.1 (forward 18.6). TrendMatrix value score: 6.1/10. Verdict: Buy (Wait for Entry).
28 analysts cover TPR with a consensus score of 3.9/5. Average price target: $167.
What does Tapestry, Inc. do?Tapestry owns the Coach and kate spade new york fashion brands, operating 931 Coach stores and 360 kate spade stores...
Tapestry owns the Coach and kate spade new york fashion brands, operating 931 Coach stores and 360 kate spade stores globally, with direct-to-consumer channels representing approximately 86% of fiscal 2025 total net sales of $7.0 billion. Coach accounted for 79.9% of total net sales; the Stuart Weitzman brand was divested to Caleres in August 2025.