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Tapestry, Inc. — Intrinsic Value & Fair Price

TPR
NYSEConsumer CyclicalLuxury GoodsCIK 0001116132tapestry.comAbout TPR
Last close · Oct 16, 2026120.18+0.43 (+0.36%)
Market cap$24.0B
Model value · DCF · Perpetuity growth · 5y
117.65
Tapestry closed at $120.18 — overvalued by 2% vs model.
83.25the model's range205.07

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
31.41 – 163.01
Wall St. target
167.50 28% below
Above model, 1y
8 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.38%
Past 2 years
low 0.93%high 3.73%
Dividends per share, a year at a time
$1.05Sep ’22$1.25Sep ’23$1.40Sep ’24$1.45Sep ’25$1.66TTM
Dividends / free cash flow, FY2026
18.0%
Raised
4 years in a row
Growth, 4 yrs
12.2% a year
Last change
+15.6% · Sep 2026
Every payment, with ex-dates · latest $0.4625, paid Sep 21, 2026

Research on TPR

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How it is valued

Valued asMature & Stable
Low/slowing growth (~10% recent)Moderate margins (19% net margin)Pays dividendsHighly cyclical earningsHigh leverage (D/E 3.5x)Strong FCF yield (7.6%)
What growth the price implies: the reverse DCF

Key figures

FY2026
P/E
16.5×
EV / EBITDA
11.9×
FCF yield
7.4%
Dividend yield, TTM
1.38%
Beta
1.43
Cost of capital (WACC)
9.85%
Full financials

Analyst actions

third-party, quoted
10-16Raymond James · target140.00
08-18Daiwa · target140.00
08-14Morgan Stanley · target159.00
05-08UBS · “Buy” from “Neutral”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label

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About Tapestry

Tapestry, Inc. is a prominent global fashion house specializing in premium accessories and distinct lifestyle brands. It operates internationally, serving customers across the United States, Japan, Greater China, and other markets worldwide. The company's diverse portfolio is structured around three well-known brands: Coach, Kate Spade, and Stuart Weitzman. Tapestry offers an extensive product range catering to women, men, and even includes items for children and home goods. For women, this encompasses a vast selection of luxury accessories, including various handbag styles such as wallets, wristlets, and cosmetic cases, alongside unique novelty items like travel accessories, sketchbooks, and keychains. The collection further features footwear, eyewear, fine jewelry (bracelets, necklaces, rings, and earrings), fragrances, watches, and seasonal apparel, which covers outerwear, ready-to-wear collections, and cold-weather essentials like gloves, scarves, and hats. Men's offerings include a wide array of bags, from business cases and messenger bags to backpacks and totes. Additionally, they can find small leather goods like wallets, card cases, and belts, as well as footwear, timepieces, scents, sunglasses, novelty items, and ready-to-wear clothing. Beyond personal fashion, the company extends its reach to children's footwear, and home goods such as stylish bedding and tableware, alongside stationery and gift items. Tapestry also expands its market presence through licensing agreements. Under the Coach brand, it permits the marketing and distribution of tech and soft accessories, jewelry, watches, eyewear, and fragrances. The Kate Spade brand licenses include tableware, housewares, fashion bedding, tech accessories, watches, sleepwear, eyewear, stationery, gifts, and fragrances. As of July 2, 2022, Tapestry managed a substantial retail footprint, operating 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. Its products are distributed through various channels, including the company's e-commerce platforms, dedicated concession spaces within other retailers, wholesale partnerships, and a network of independent third-party distributors. Originally established in 1941 as Coach, Inc., the corporation rebranded as Tapestry, Inc. in October 2017. Its corporate headquarters are situated in New York, New York.

CEO
Joanne C. Crevoiserat
Headquarters
New York City, NY
Employees
19,000
IPO
2000-10-06
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.