Tapestry (TPR)

• Market cap: $14.1B
• 1 day: 2.58%
• 5 days: 8.72%
• 1 month: -9.80%
• 3 months: -8.51%
• 6 months: 53.59%
• Year to date: 4.07%
• 1 year: 70.62%
• 5 years: 400.73%
• 10 years: 60.14%
• Sector: Consumer Discretionary
• Industry: Luxury Goods

About: Coach, Kate Spade, and Stuart Weitzman are New York City-based Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia, and elsewhere. Coach (76% of sales) is best known for affordable luxury leather products. Kate Spade (20%) is known for colorful patterns and graphics. Both Coach and Kate Spade specialize in women's handbags and accessories, 69% of Tapestry's fiscal 2024 sales. Stuart Weitzman (4%) generates virtually all its revenue from women's luxury footwear.

Employees: 20,800

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

108% more first-time investments, than exits

New positions opened: 154 | Existing positions closed: 74

78% more funds holding in top 10

Funds holding in top 10: 9 [Q3] → 16 (+7) [Q4]

49% more capital invested

Capital invested by funds: $9.6B [Q3] → $14.3B (+$4.66B) [Q4]

10% more funds holding

Funds holding: 662 [Q3] → 727 (+65) [Q4]

4.9% more ownership

Funds ownership: 88.81% [Q3] → 93.71% (+4.9%) [Q4]

3% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 234

55% less call options, than puts

Call options by funds: $414M | Put options by funds: $916M

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $74 8% upside
• Avg. target: $89 31% upside
• High target: $110 61% upside

13 analyst ratings

• positive: 12 92%
• neutral: 1 8%
• negative: 0 0%

Goldman Sachs Brooke Roach 57% 1-year accuracy 21 / 37 met price target	23% upside $84	Buy Maintained	22 Apr 2025
Citigroup Paul Lejuez 39% 1-year accuracy 18 / 46 met price target	19% upside $81	Buy Maintained	17 Apr 2025
Barclays Adrienne Yih 25% 1-year accuracy 24 / 97 met price target	22% upside $83	Overweight Maintained	10 Apr 2025
Baird Mark Altschwager 35% 1-year accuracy 11 / 31 met price target	46% upside $100	Outperform Maintained	20 Feb 2025
Redburn Atlantic Daniela Nedialkova 0% 1-year accuracy 0 / 1 met price target	61% upside $110	Buy Upgraded	18 Feb 2025