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↓Deteriorating
- Coach Brand Revenue Concentration→Stable
- +1 more pillar — see the Why tab for full reasoning
Tapestry, Inc. (TPR) Stock Analysis
Temporary headwind edge
Consumer Cyclical · Luxury Goods
Hold if already holding. Not a fresh buy at $118.49, but acceptable to hold if already in. Reasons: Concentration risk — Product: Coach (79.9%); Concentration risk — Product: DTC (direct-to-consumer) (86.0%).
Tapestry is a house of accessories and lifestyle brands operating Coach and kate spade new york (plus Stuart Weitzman through fiscal 2025, divested to Caleres in August 2025). Coach generated 79.9% of Tapestry's $7.0 billion in net sales in fiscal 2025, and direct-to-consumer... Read more
Hold if already holding. Not a fresh buy at $118.49, but acceptable to hold if already in. Reasons: Concentration risk — Product: Coach (79.9%); Concentration risk — Product: DTC (direct-to-consumer) (86.0%). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 6.0/10, high confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 53d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
About Tapestry, Inc.
About Tapestry, Inc.
Coach generated 79.9% of Tapestry's $7.0 billion in net sales in fiscal 2025, with kate spade new york contributing 17.1% and Stuart Weitzman — since divested to Caleres in August 2025 — the remaining 3.0%. Tapestry operated 1,371 stores worldwide as of June 28, 2025, split between 541 in North America and 830 internationally, and direct-to-consumer channels (stores, e-commerce, and concessions) generated approximately 86% of total net sales.
Tapestry sells through direct-to-consumer stores and e-commerce, wholesale relationships with department and specialty stores, and licensing agreements covering categories such as eyewear (Luxottica), watches (Movado), and fragrance (Interparfums), with royalties currently equal to about 1% of total net sales. Wholesale represented approximately 13% of fiscal 2025 net sales, and no customer accounted for more than 10% of any segment's net sales. Handbags remain the largest product category, at 54.9% of Tapestry's net sales, followed by accessories at 25.8%. The company sources finished goods from independent manufacturers primarily in Vietnam, Cambodia, the Philippines, mainland China, India, and Spain, managed through sourcing offices in those regions; no single Coach or Kate Spade vendor supplied 10% or more of either brand's inventory purchases, though one Spain-based vendor supplied approximately 11% of Stuart Weitzman's inventory purchases. Marketing spending reached $744.5 million in fiscal 2025, nearly 11% of net sales, up from over 9% in fiscal 2024.
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Beneath Tapestry's brand-portfolio numbers sits a multi-year erosion story at kate spade: segment net sales fell from $1,418.9 million in fiscal 2023 to $1,197.1 million in fiscal 2025, with handbags — the brand's core category — shrinking from 54.9% to 52.1% of segment sales over the same period even as its 'Other' category (jewelry, home décor, gifts) grew from 18.1% to 20.8%. That mix shift toward lower-margin extension categories, alongside two consecutive years of segment revenue decline, is a distinct and falsifiable brand-health signal that the top-line Coach concentration figures don't capture.
See also: Consumer Cyclical · Luxury Goods
From Tapestry, Inc.'s most recent 10-K filing, extracted September 6, 2026.
Recent developments
updated 2026-09-14Recent Developments — Tapestry, Inc.
Latest news
- 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
- NEWS Robert W. Baird Forecasts Strong Price Appreciation for Tapestry (NYSE:TPR) Stock - MarketBeat — MarketBeat positive
Generated 2026-09-14T07:57:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductCoach80%10-K Item 1: 'Coach is a global fashion house of accessories and lifestyle collections ... This segment represented 79.9% of total net sales in fiscal 2025.'
- HIGHProductDTC (direct-to-consumer)86%10-K Item 1: 'DTC revenues were approximately 86% of total net sales in fiscal 2025.'
- LOWSupplierStuart Weitzman Spain vendor11%10-K Item 1: 'Stuart Weitzman had one vendor, located in Spain, who individually provided approximately 11% of the brand's total inventory purchases.'
Material Events(8-K, last 90d)
- 2026-04-06Item 5.02LOWTapestry expanded its Board from ten to eleven members, electing Matthew Madrigal as a director effective April 6, 2026, under standard non-employee director compensation arrangements. Routine board appointment.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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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
Hold if already holding. Not a fresh buy at $118.49, but acceptable to hold if already in. Reasons: Concentration risk — Product: Coach (79.9%); Concentration risk — Product: DTC (direct-to-consumer) (86.0%). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $150.66 (+27.1%), stop $111.19 (−6.6%), A.R:R 4.4:1. Score 6.0/10, high confidence.
Take-profit target: $150.66 (+27.1% upside). Target $150.66 (+27.1%), stop $111.19 (−6.6%), A.R:R 4.4:1. Stop-loss: $111.19.
Concentration risk — Product: Coach (79.9%); Concentration risk — Product: DTC (direct-to-consumer) (86.0%); Sector modifier (Consumer Cyclical): -1.5.
Tapestry, Inc. trades at a P/E of 16.3 (forward 13.3). TrendMatrix value score: 8.2/10. Verdict: Hold.
28 analysts cover TPR with a consensus score of 4.0/5. Average price target: $167.
What does Tapestry, Inc. do?Tapestry is a house of accessories and lifestyle brands operating Coach and kate spade new york (plus Stuart Weitzman...
Tapestry is a house of accessories and lifestyle brands operating Coach and kate spade new york (plus Stuart Weitzman through fiscal 2025, divested to Caleres in August 2025). Coach generated 79.9% of Tapestry's $7.0 billion in net sales in fiscal 2025, and direct-to-consumer channels — retail/outlet stores, e-commerce, and concessions — made up approximately 86% of total net sales across 1,371 stores worldwide.