Tapestry, IncNYSE: TPR
Consumer Discretionary · Apparel, Accessories & Luxury Goods
$111.63
-0.86%
Vol: 522K
Research Digest
Friday, June 19, 2026
Baird raises Tapestry price target to $165 as the luxury accessories brand pays a $0.40/share dividend June 22 and trades at elevated volume after raising its fiscal 2026 outlook for the third time.
Tapestry is paying a quarterly cash dividend of $0.40 per share on June 22, 2026 to shareholders of record as of June 5. Baird raised its price target on TPR to $165 from $160 while maintaining an Outperform rating, citing resilient demand from younger shoppers. The company reported Q3 fiscal 2026 earnings on May 7, beating estimates and raising its full-year outlook for the third time this fiscal year. Tapestry now targets returning approximately $1.6 billion to shareholders in fiscal 2026, up from the prior $1.5 billion guidance, with share buybacks increasing to $1.3 billion. Trading volume reached 5.84 million versus an average of 3.01 million, suggesting heightened investor interest around the dividend record date; the primary risk is any softening in consumer discretionary spending.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Tapestry beat Q3 with $1.66 EPS, raised FY26 guidance to $6.95 EPS as Coach grew 29% constant currencyPositive▶
Tapestry on May 7, 2026 reported strong fiscal Q3 results with EPS of $1.66 and revenue of $1.92B, both exceeding analyst expectations. Coach sales grew 29% in constant currencies to $1.7B while Kate Spade remains a work-in-progress with constant currency sales down 11% to $219.6M. Adjusted operating income rose 55% to $430.1M with net income up 69% to $343.8M. The company raised FY26 guidance to revenue of $7.95B, EPS of $6.95, and operating margins expanding 300bps to about 23%. Tapestry appointed Pinterest's CTO Matt Madrigal to its Board. The company also received its first U.S. patent for its proprietary Mira AI platform. JPMorgan raised target to $200, UBS upgraded to Buy. CEO Crevoiserat sold $3.69M in stock on May 13. Risk: shares down 13.7% over past month despite strong fundamentals.
May 20Tapestry crushes Q3 FY2026 with $1.66 EPS (+62% YoY) on Coach strength; raises full-year guidancePositive▶
Tapestry reported Q3 FY2026 results on May 7 with EPS of $1.66 (vs $1.31 consensus, up 62% YoY) and revenue of $1.92B (vs $1.80B expected). Pro forma revenue grew 23% at constant currency. Coach brand revenue grew 29% in constant currency, acquiring 2 million new customers with unit volumes up over 20%. Greater China revenue surged 55% on accelerated customer acquisition and strong digital performance, substantially beating expectations. Management raised full-year guidance for revenue, operating margin, and EPS, reflecting outperformance and sustained brand momentum, particularly at Coach.
May 19Tapestry receives first U.S. patent for proprietary Mira AI platform on May 15, 2026, deepening its enterprise tech moat.Mixed▶
On May 15, 2026, Tapestry was granted its first U.S. patent for Mira, its proprietary enterprise AI platform built to support AI-driven decisions across its brands, with applications in inventory planning, data integration, and operational decision speed. The patent follows a blowout Q3 FY26 print on May 7 in which revenue rose 21% to $1.9 billion, adjusted EPS came in at $1.66 vs. $1.29 consensus, and Coach grew 29% constant currency to $1.7 billion while Kate Spade declined 11% to $219.6 million. Tapestry raised full-year guidance to $7.95 billion in revenue, ~23% operating margin, and $6.95 EPS, up from $6.40-$6.45. CEO Joanne Crevoiserat sold 27,776 shares for $3.69 million on May 13 at prices between $132.88 and $132.90. Stock is down 13.7% over the past month on valuation concerns despite a 58.7% year-over-year gain. Kate Spade's continued weakness remains the main drag inside an otherwise strong story.
May 18Tapestry Q3 FY26 revenue rose 21% to $1.92B with EPS of $1.66 vs $1.31 est.; FY26 outlook raised to $7.95B revenue / $6.95 EPS; CEO sold $3.69M of stock.Positive▶
Tapestry reported fiscal Q3 2026 results on May 7 with revenue up 21% YoY to $1.92B (vs $1.80B est.) and adjusted EPS of $1.66, beating the $1.31 consensus by $0.35. The company raised full-year FY2026 guidance to approximately $7.95B revenue and $6.95 EPS. Coach grew 31% to $1.7B (about two-thirds of company revenue) with double-digit growth in North America and China, while Kate Spade declined 10%. Pinterest CTO Matt Madrigal was appointed to the board. CEO Joanne Crevoiserat sold 27,776 shares on May 13 for $3,691,135. Shares pulled back on valuation concerns despite the beat.
May 15Tapestry CEO sells $3.69M of stock May 13 after blowout Q3 FY26 results and raised $7.95B FY26 revenue guidanceMixed▶
Tapestry CEO Joanne Crevoiserat sold 27,776 shares for $3,691,135 on May 13, 2026. The trade follows the May 7 fiscal Q3 2026 report, where revenue rose 21% YoY to $1.92B (beat by ~$121.8M) and EPS came in at $1.66 vs. $1.31 consensus, driven by Coach revenue up 31%. Tapestry raised FY26 revenue guidance to ~$7.95B (vs. prior "$7.75B+") and non-GAAP EPS guidance to ~$6.95 (35%+ YoY growth). Tapestry was awarded a U.S. patent for its proprietary AI platform Mira on May 11. Despite the beat the stock tumbled 12% after earnings on valuation concerns; UBS upgraded to Buy, JPMorgan raised PT to $200 from $190 and Evercore ISI cut PT to $175 from $180. Matt Madrigal (Pinterest CTO) joined the board.
May 14Tapestry Q3 FY26 EPS jumped 62% to $1.66 on 21% revenue growth led by Coach, raising FY26 EPS view to $6.95, but shares fell 12% on May 7Mixed▶
Tapestry reported Q3 FY26 revenue up 21% to $1.9B with adjusted operating income up 55% to $430M and EPS of $1.66, well ahead of $1.29 consensus. Coach drove double-digit growth across North America and China while Kate Spade declined 11%. The company raised FY26 revenue guidance to $7.95B, EPS to $6.95, and shareholder returns to $1.6B. Pinterest CTO Matt Madrigal joined the board. Despite the beat, shares fell 12.3% to $130.52 on May 7 on valuation profit-taking after a strong run.
May 13No significant overnight updatesNeutral▶
No material news in last 48 hours; May 7 Q3 FY26 earnings beat, raised FY guidance, and 12.3% stock drop are outside the window.
May 12Tapestry shares fell 12.3% to $130.52 despite Q3 FY26 EPS of $1.66 crushing estimates, raised FY26 guidance to $7.95B revenue and $6.95 EPS, with UBS upgrading to Buy.Mixed▶
Tapestry reported fiscal Q3 2026 EPS of $1.66 versus $1.31 consensus and revenue of $1.92 billion, with Coach delivering exceptional 29% constant-currency revenue growth to $1.70 billion and a 35.0% operating margin. The company raised full-year FY26 revenue guidance to $7.95 billion (from over $7.75 billion) and EPS to $6.95 (from $6.40-$6.45), implying 35%+ YoY EPS growth. Despite the beat-and-raise, shares fell 12.3% to $130.52 on valuation concerns after a strong run. Management committed to returning $1.6 billion to shareholders in FY26, raising the prior $1.5B target. The Coach brand now targets $10 billion in long-term revenue. UBS upgraded to Buy citing 43% upside.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NKENIKE | $36.24 | +0.37% | +0.0% | 15.9x | 1.11 | $53.6B |
| TPRTAPESTRY | $111.63 | -0.86% | -0.4% | 12.7x | 1.43 | $22.4B |
| RLRALPH | $342.50 | -1.03% | +1.8% | 16.6x | 1.35 | $20.6B |
| LULULULULEMON | $102.69 | -1.01% | +2.4% | 12.0x | 0.86 | $11.5B |
| AMZNAMAZON.COM | $249.88 | -2.00% | -1.3% | 24.5x | 1.44 | $2.75T |
Key Fundamentals
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Price below 200d MA — bearish structure.