Tapestry, Inc. (TPR)

Over the past six months, Tapestry's stock (TPR) has experienced several notable events and strong performance. The stock price increased significantly and hit an all-time high. Tapestry reported record fourth-quarter and annual revenue, driven by growth at the Coach brand, and exceeded its non-GAAP EPS outlook. The Board of Directors approved a dividend increase. Tapestry executed a share repurchase program and announced a significant share buyback program. The company has warned of a significant hit from new tariffs. Tapestry completed the strategic divestiture of the Stuart Weitzman business. Several analysts have raised price targets and maintained positive ratings.

Demand for Tapestry's products exhibits seasonality, with strong performance typically observed during the holiday season. The fiscal second quarter often sees record revenues. There is a growing global demand for luxury goods, particularly in emerging markets like China. Tapestry's focus on attracting younger demographics also contributes to sustained demand.

Tapestry, Inc. is a multinational luxury fashion holding company that operates within the Consumer Discretionary sector. The company manages a portfolio of iconic brands, including Coach, Kate Spade New York, and Stuart Weitzman, specializing in the design, manufacturing, and marketing of luxury accessories and lifestyle products. Coach is known for high-quality leather goods, Kate Spade New York is recognized for its playful and colorful designs, and Stuart Weitzman is celebrated for its luxury footwear. The company generates revenue through retail and outlet stores, e-commerce sites, concession shop-in-shops, and wholesale customers.

Tapestry, Inc. has a significant international presence, providing accessories and lifestyle brand products across North America, Greater China, the rest of Asia, and internationally. The company has a strong foothold in key markets such as the United States, Japan, and Europe. Approximately 40% of its net sales for fiscal year 2025 came from operations outside the United States.

Tapestry's brand reputation has been largely positive, particularly for its Coach brand, which has attracted a new generation of consumers. However, Tapestry recorded impairment charges for Kate Spade, indicating a potential negative impact on the brand's reputation. Turnaround efforts and marketing investments are targeting Gen Z consumers for Kate Spade.

Tapestry, Inc. has a mixed ownership structure, with institutional investors holding a significant portion of the company's stock. Approximately 72.55% of the company's stock is owned by Institutional Investors, 0.54% by Insiders, and 26.91% by Public Companies and Individual Investors. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. The largest individual shareholder is Lew Frankfort.