Tapestry is a high-quality luxury goods company with a Piotroski F-Score of 8 out of 9, 231% free cash flow conversion, and a perfect four-quarter earnings beat streak averaging 14.9% positive surprises, supported by a strong competitive moat in branded handbags. The primary near-term constraint is that the stock has reached its analyst resistance target, with the Coach brand accounting for approximately 80% of revenues representing a meaningful concentration risk.
Thesis pillars
- Exceptional Free Cash Conversion And Quality→Stable
- Perfect Earnings Beat Streak↑Improving
- Coach Brand Revenue Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Aug 13, 2026
Tapestry, Inc. (TPR) Stock Analysis
Falling Knife setup · Temporary headwind edge
Consumer Cyclical · Luxury Goods
Sell if holding. Momentum 3.7/10 is below the 5.0 floor at $111.24 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5.
Tapestry owns the Coach and kate spade new york brands of handbags, accessories and lifestyle products, reported as two segments: Coach (86.4% of fiscal 2026 net sales) and Kate Spade (13.4%). Direct-to-consumer stores and e-commerce generated approximately 87% of net sales,... Read more
Sell if holding. Momentum 3.7/10 is below the 5.0 floor at $111.24 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: Death cross, below all MAs, RSI 38, MACD bearish. Score 6.2/10, high confidence.
Passes 6/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) and earnings proximity 7d<=7d. Suitability: aggressive.
About Tapestry, Inc.
About Tapestry, Inc.
Coach accounted for 86.4% of Tapestry's total net sales in fiscal 2026, with kate spade new york contributing 13.4% and the divested Stuart Weitzman business 0.2%. The accessories and lifestyle company operated 973 Coach and 326 Kate Spade stores at fiscal year-end, and direct-to-consumer channels produced approximately 87% of total net sales against roughly 12% from wholesale.
Tapestry earns revenue mainly through its own retail and outlet stores, concession shop-in-shops and brand e-commerce sites in markets such as the U.S., Canada, Japan, Greater China, Europe and Australia. Wholesale sells to major department stores, specialty stores and third-party digital partners, and no customer individually exceeded 10% of either segment's net sales. Licensing partners including Movado for Coach watches, Interparfums for fragrance and Safilo for Kate Spade eyewear pay royalties that make up about 1% of total net sales, and the Coach eyewear agreement with Luxottica is expected to renew during fiscal 2027. Marketing-related spending was $962.5 million in fiscal 2026, or 12% of net sales, up from $744.5 million. The company runs sourcing management offices in Vietnam, mainland China, the Philippines and Cambodia, and no single vendor supplied 10% or more of either brand's inventory purchases. Its 2028 Amplify strategy aims to sustain North America growth while prioritizing Greater China and Europe.
Show full overview
Geography on both the supply and demand side stands out. Coach manufacturers were primarily located in Vietnam, Cambodia, the Philippines and India during fiscal 2026, while Kate Spade products were made mainly in Vietnam, Cambodia, the Philippines and Bangladesh, so disruption in those countries could affect product availability even though no one vendor passes the 10% threshold. About 41.3% of net sales came from operations outside the United States, and the 10-K lists international operating risks alongside the benefit of geographic diversity. If growth in Greater China and Europe falls short of the Amplify targets, the mix could lean further on North American stores.
See also: Consumer Cyclical · Luxury Goods
From Tapestry, Inc.'s most recent 10-K filing, extracted October 18, 2026.
Recent developments
updated 2026-10-29Recent Developments — Tapestry, Inc.
Latest news
- NEWS How Investors Are Reacting To Tapestry (TPR) Google AI Checkout Rollout - Simply Wall Street — Simply Wall Street neutral
- NEWS ETFs Investing in TPR Co., Ltd. Stocks - TradingView — TradingView neutral
- NEWS ETFs Investing in TPR Co., Ltd. Stocks - tradingview.com — tradingview.com neutral
- NEWS How Coach's Global Momentum Is Powering Tapestry's Market Share Gains - Yahoo Finance — Yahoo Finance positive
- NEWS One Consumer Stock Trading Near Resistance Levels – TPR - Kalkine — Kalkine neutral
Generated 2026-10-29T11:48:40Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCoach segment86%10-K Item 1: 'Coach includes global sales of primarily Coach brand products ... This segment represented 86.4% of total net sales in fiscal 2026'
- MEDIUMGeographicnet sales outside the United States41%10-K Item 1A: 'approximately 41.3% of our net sales coming from operations outside of the United States for fiscal year 2026'
- MEDIUMGeographicVietnam, Cambodia, the Philippines and India manufacturing10-K Item 1: 'manufacturers of Coach products were primarily located in Vietnam, Cambodia, the Philippines and India'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.7/10 is below the 5.0 floor at $111.24 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5. Chart setup: Death cross, below all MAs, RSI 38, MACD bearish. Prior stop was $105.85. Score 6.2/10, high confidence.
Analyst target: $145.37 (+30.7% upside). Prior stop was $105.85. Stop-loss: $105.85.
Concentration risk — Product: Coach segment (86.4%); Sector modifier (Consumer Cyclical): -1.5; Leverage penalty (D/E 5.7): -1.5.
Tapestry, Inc. trades at a P/E of 15.3 (forward 12.5). TrendMatrix value score: 8.3/10. Verdict: Sell.
27 analysts cover TPR with a consensus score of 4.0/5. Average price target: $162.
What does Tapestry, Inc. do?Tapestry owns the Coach and kate spade new york brands of handbags, accessories and lifestyle products, reported as two...
Tapestry owns the Coach and kate spade new york brands of handbags, accessories and lifestyle products, reported as two segments: Coach (86.4% of fiscal 2026 net sales) and Kate Spade (13.4%). Direct-to-consumer stores and e-commerce generated approximately 87% of net sales, wholesale about 12% and licensing royalties roughly 1%. It operates 973 Coach and 326 Kate Spade stores and sources mainly from Vietnam, Cambodia, the Philippines and other Asian countries.