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↑Improving
- +1 more pillar — see the Why tab for full reasoning
Tapestry, Inc. (TPR) Stock Analysis
Temporary headwind edge
Consumer Cyclical · Luxury Goods
Hold if already holding. Not a fresh buy at $123.18, but acceptable to hold if already in. Reasons: Concentration risk — Product: Coach (79.9%); Sector modifier (Consumer Cyclical): -1.5.
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
Hold if already holding. Not a fresh buy at $123.18, but acceptable to hold if already in. Reasons: Concentration risk — Product: Coach (79.9%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.9/10, high confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 62d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. 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 2026-09-04Recent Developments — Tapestry, Inc.
Latest news
- 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
- NEWS Robert W. Baird Forecasts Strong Price Appreciation for Tapestry (NYSE:TPR) Stock - MarketBeat — MarketBeat positive
Generated 2026-09-04T15:02:11Z.
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.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $123.18, but acceptable to hold if already in. Reasons: Concentration risk — Product: Coach (79.9%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $150.66 (+22.3%), stop $116.31 (−5.9%), A.R:R 4.0:1. Score 5.9/10, high confidence.
Take-profit target: $150.66 (+22.4% upside). Target $150.66 (+22.3%), stop $116.31 (−5.9%), A.R:R 4.0:1. Stop-loss: $116.31.
Concentration risk — Product: Coach (79.9%); Sector modifier (Consumer Cyclical): -1.5; Leverage penalty (D/E 5.7): -1.5.
Tapestry, Inc. trades at a P/E of 17.0 (forward 13.8). TrendMatrix value score: 7.8/10. Verdict: Hold.
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 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.