---
title: Tapestry (TPR) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/tpr
ticker: TPR
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Luxury Goods
---
# Tapestry (TPR)

Tapestry (TPR) closed at $120.18 on Oct 16, 2026, overvalued by 2% vs its model value of $117.65 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $120.18 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $117.65 |
| Price vs model | overvalued by 2% vs model |
| Range of that model | $83.25 – $205.07 |
| Market value | $24.0B |
| P/E (fiscal 2026) | 16.5 |
| Net margin (fiscal 2026) | 19.1% |
| Free cash flow (fiscal 2026) | $1.8B |
| Dividend yield (trailing twelve months) | 1.38% |
| Beta | 1.43 |
| Cost of capital (WACC) | 9.85% |
| Business classification | Mature & Stable (Low/slowing growth (~10% recent), Moderate margins (19% net margin), Pays dividends, Highly cyclical earnings, High leverage (D/E 3.5x), Strong FCF yield (7.6%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.38% |
| Dividends per share, last 12 months | $1.66 |
| Dividends / free cash flow (fiscal 2026) | 18.0% |
| Raised | 4 years in a row |
| Growth over 4 years | 12.2% a year |
| Latest payment | $0.4625, ex-date Sep 4, 2026, paid Sep 21, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 8, 2022 | $1.05 |
| To Sep 7, 2023 | $1.25 |
| To Sep 6, 2024 | $1.40 |
| To Sep 5, 2025 | $1.45 |
| Trailing twelve months (to Sep 4, 2026) | $1.66 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $117.65 | $83.25 | $205.07 |
| DCF · Perpetuity growth · 10y | cross check | $125.93 | $91.28 | $212.25 |
| DCF · EBITDA exit · 5y | cross check | $124.44 | $84.43 | $171.57 |
| DCF · EBITDA exit · 10y | cross check | $131.22 | $92.10 | $183.35 |
| P/E · peers | cross check | $163.01 | $141.63 | $181.25 |
| P/E · own history | cross check | $101.40 | $84.50 | $163.27 |
| PEG | sanity check | $107.06 | $107.06 | $107.06 |
| EV/EBITDA · peers | cross check | $109.45 | $74.33 | $138.10 |
| EV/Revenue · peers | cross check | $52.54 | $22.48 | $176.14 |
| Earnings power value | cross check | $33.97 | $28.59 | $41.28 |
| Dividend discount | cross check | $31.41 | $22.63 | $47.20 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($670,329.2); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 9, 2026 | Kulikowsky Denise | Chief People Officer | Option/RSU exercise | 6,910 | $0 |
| Sep 9, 2026 | Kulikowsky Denise | Chief People Officer | Tax withholding | 4,719 | $544,572.6 |
| Sep 9, 2026 | Kulikowsky Denise | Chief People Officer | Open-market sell | 3,619 | $417,487.8 |
| Sep 9, 2026 | Kulikowsky Denise | Chief People Officer | Open-market sell | 2,191 | $252,841.4 |
| Sep 9, 2026 | Kulikowsky Denise | Chief People Officer | Option/RSU exercise | 6,910 | $280,407.8 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 25, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/1116132/000114036126037692/ef20082614_ars.pdf |
| Sep 25, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/1116132/000111613226000025/a2026tapestryna.htm |
| Sep 25, 2026 | DEF 14A | Proxy statement | https://www.sec.gov/Archives/edgar/data/1116132/000111613226000024/tpr-20260924.htm |
| Aug 13, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1116132/000114036126032624/ef20079840_8k.htm |
| Aug 13, 2026 | 10-K | Annual report | https://www.sec.gov/Archives/edgar/data/1116132/000111613226000018/tpr-20260627.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 539,444 | $79.0M |

1 tracked managers in all.

## About

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-we…

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Source: https://sweetvaluelab.com/stocks/tpr (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.