Tapestry, Inc. (TPR) Stock

Tapestry, Inc. (TPR) is a Consumer Discretionary stock trading at $130.10 (as of 2026-08-25), with a market capitalization of $26.29B and a trailing P/E of 19.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Unable to produce a compliant description because the SEC 10-K Item 1 “Business” text for Tapestry, Inc. was not provided; only a secondary summary was available, which cannot be treated as authoritative under the stated rules.

Understand Tapestry, Inc.: how it makes money

Tapestry sells luxury handbags, wallets, and small leather goods under three brands (Coach, Kate Spade, Stuart Weitzman) through its own stores and wholesale partners. Coach drives the vast majority of revenue, making this a concentrated luxury franchise whose profit model depends on premium brand pricing.

Coach's 77% gross margin is underwritten by brand equity and luxury positioning rather than cost advantage, and international DTC penetration is the key marginal growth lever.

Business quality (Exceptional): 77% gross margins and 22% operating margins on 21% revenue growth mark this as an exceptional-quality luxury franchise, but the 25% valuation premium to the apparel sector means investors are paying up for that quality.

Valuation: At 19× earnings, TPR trades 25% above the Apparel average (15×).

Bull case

International growth runway: Management flagged low international penetration and strong China momentum as key drivers, leaving substantial unused demand for Coach outside North America.
Younger, higher-quality customers: Customer acquisition is broadening with younger consumers transacting at higher average unit retail prices, which supports incremental margin expansion over time.
Meaningful capital returns alongside growth: The company plans $1.7 billion in capital returns for fiscal 2027 while continuing growth investment, providing a meaningful floor on shareholder value.

Bear case

Kate Spade lags internal plan: Kate Spade top-line progress remains slower than planned and requires continued investment, dragging on the group's consolidation leverage and diluting Coach's margin story.
Tariff pressure hits margins: Management expects tariffs to become a second-half headwind despite mitigation efforts, putting direct pressure on the 77% gross margin that the model depends on.
Priced for sustained outperformance: At 19.0x earnings versus the 15x apparel industry average (25% above), the stock embeds continued top-quartile growth that a decelerating second half could disrupt.

Valuation — source: SEC EDGAR (first-party)
Price	$130.10
Market Cap	$26.29B
P/E Ratio	19.0
EV / EBITDA	14.7
Price / Book	37.98
Price / Sales	3.41
FCF Yield	12.3%
DCF Value (model)	$92.76
DCF Upside vs Price	-28.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$8.00B
Net Margin	19.1%
Revenue Growth (YoY)	14.2%
EPS Growth (YoY)	791.7%
FCF Growth (YoY)	65.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	4.28 (safe)
Piotroski F-Score	8/9 (strong)

Valuation vs Sector & Industry
Stock P/E	19.0
Sector P/E (Consumer Discretionary)	20.8
Industry P/E (Apparel)	15.3
vs Sector	-8.7%
vs Industry	24.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)	22
Top Institutional Holder	VANGUARD GROUP INC ($3.20B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Consumer Discretionary
Industry	Apparel
CEO	Joanne C. Crevoiserat
Employees	12,500
Country	US
IPO Date	2000-10-06

Related Companies (Apparel; 8 comparable apparel companies)

Data as of 2026-08-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.