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Tapestry, Inc. (TPR)
NYSE - NYSE Delayed Price. Currency in USD
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686 reactions on $TPR conversation
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Going to the moon
TPR is at 39 on Monday! LOL
Dividend coming back, baby!
So when LB separates into it's two halves (which each have about the same sales volume), 2 related questions:
1. When does LB plan to reinstate the dividend?
2. What will the dividend be for each half after they split.
I didn't see anything related to the dividend in any of the recent articles concerning the upcoming separation, earnings release, or sales & earnings guidance. Did I miss something?
Target Raised by Robert W Baird Outperform USD 45 » USD 54
Upgrades BTIG Research Buy USD 65
Below 41 tmr!
Strong earnings and guidance and the stock still slips nearly 5 percent. Go figure.
This TPR message board is completely inert.
U bought the stock instead of buying the coach bags for my wife...she cried but i'm happy
bought TPR at 15 in my sons IRA to introduce him to stocks. asking him to hold into the 50s.
WAAAAY overvalued. It returned to pre-pandemic sales because sales were that low...
It’s falling even harder tmr!
My wife keeps buying the purse online as she likes the products
Anyway who bought before today is obviously feeling the pain. TPR is way oversold. Great time to get in and/or buy more Profitable company, brand precognition, strong balance sheet, growing low single digits (slower than previous forecast but it's still growth), great dividend (especially in this low rate env), strong balance sheet, safe divy, stock buyback. Expected FY20 earnings of $2.60-$2.80 per share. Mid point $2.70 per share x a below average P/E of 13, this is a $35 stock. Even if you apply a rock-bottom P/E of 10, this should be $27.
6 February 202001:25 p.m. GMT all figures in US Dollars. The profits announced by Tapestry Inc in the second quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of $1.10 per share, 3 cents higher than the same quarter last year when the company reported EPS of $1.07. Profits of 99 cents per share were anticipated by the twenty four analysts providing estimates for the quarter. Wall Street expected results to range from 95 cents to $1.03 per share, with a forecasted mean of 99 cents per share. The company reported revenue of $ 1.82 billion, which is higher than the estimated $1.81 billion.
* The consensus recommendation for the company is "Hold". This includes four "Strong Buy", five "Buy", nineteen "Hold".
* The average consensus recommendation for the apparel & accessories retailers peer group is also "Hold".
* Twenty three analysts are currently providing Refinitiv with estimates.
* In the last week three analysts have negatively revised earnings estimates and There was a gain of one new estimate.
YEAR OVER YEAR
* The company reported an increase in revenue to $1.82 billion from $1.8 billion in the same quarter last year.
* Previous quarterly performance (using earnings preferred measure)
I just bought 1200 shares @ $20.78 and plan to buy more if it pulls back. This stock last sold at this level in April 2009 at the depths of the great recession when the company was half its present size. I have a midterm target (3-5 years) of $54.
Dividend of 6.76% with lots of cash to sustain the payout.
70 % of sales are in north America where the economy is booming and 15% in China. Plans to increase revenue in China where the products are hugely popular.
Expenses were incurred to restructure and increase Kate Spade sales. That's affecting current profit numbers temporarily.
Top level long-term management team in New York, the fashion center of the world, with a growth agenda.
Only 4% of manufacturing is currently performed in China to avoid US tariffs. Manufacturing has been gradually moved to safer regions.
So what happens if Tapestry just has blow out numbers? Does that change the entire narrative for the fashion and retail sectors? Everyone has been waiting for Macy's to post to totally destroy the sector and they got their wish even though in total their numbers really had some strength in them. Revenues met and same store sales were better than anticipated. Where they fell down was in profitability and that was explained by the CEO by poor execution of the inside brand designs and poor inventory mix, neither of these items is systemic. The only systemic point that he brought up was a reduction in international visitors buying product from their domestic stores. The decrease came on the heels of two years of increases based on the dollar's exchange rate. We also saw that Capri had decent numbers, we saw that the KTB spin off had decent numbers just last week. Revenues in all of these cases are indicative of a strong consumer, how individual companies have executed and individual brands within those companies has been the issue not the economy. The reaction today is grossly overplayed and is being used by the uber wealthy to create even greater entry points into the sector.
my wife considers a Louis Vuitton bag an "investment". i am not so sure about that. can a handbag go up in value over time? i suppose it can retain some value. what i will say is that she does not consider a Coach bag to be in same category. I do own shares in this company because it's cheap and generates decent cash flow. But I do think it needs to improve its game and become more exclusive. I am afraid that the Coach brand will turn into another Kate Spud and not the other way around.
My target price is 30 dollares a share! My opinion is that in 3 months we see this hiting that
tapestry straight to the moon
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