TPR
Tapestry, Inc.
TPR's fundamentals are strong, but it looks expensive: trading at 17x earnings, above its usual 13x. Analysts expect strong earnings growth, though they disagree widely on how much.
TPR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
TPR's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
TPR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $79.97 | -40% |
| Fair | 13x | $104 | -22% |
| Forward | 16x | $133 | — |
| Current | 17x | $133 | — |
| Expensive | 39x | $303 | +128% |
Historical ranges are pointers, not guarantees.
TPR's PE is in its fair range at 17x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
TPR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for TPR, with profitability improving. However, they disagree widely on these estimates.
TPR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.45 | +9% |
| Q3 2026 | $7.75 | +492% |
| Q2 2026 | $7.27 | +787% |
| Q1 2026 | $3.31 | -13% |
| Q4 2025 | $2.61 | -24% |
| Q3 2025 | $1.31 | -62% |
| Q2 2025 | $0.82 | -77% |
| Q1 2025 | $3.79 | +0.3% |
| Q4 2024 | $3.44 | -13% |
TPR's earnings per share have jumped to their highest in seven years: $7.75 over the past year, up from $1.31 the year before.
TPR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +11% |
| Q2 2026 | $1.9B | +8.9% |
| Q1 2026 | $1.9B | +21% |
| Q4 2025 | $2.5B | +14% |
| Q3 2025 | $1.7B | +13% |
| Q2 2025 | $1.7B | +8.3% |
| Q1 2025 | $1.6B | +6.9% |
| Q4 2024 | $2.2B | +5.3% |
TPR's revenue has grown year over year for eight quarters in a row: $1.9B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +3.1 points |
| Q2 2026 | 24% | +57 points |
| Q1 2026 | 22% | +6.3 points |
| Q4 2025 | 29% | +6.2 points |
| Q3 2025 | 19% | +2.5 points |
| Q2 2025 | -34% | -49 points |
| Q1 2025 | 16% | +2.2 points |
| Q4 2024 | 22% | +1 points |
TPR's operating margin was 22% last quarter, up 3.1 points from the same quarter a year ago.
TPR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $149M | +86% |
| Q2 2026 | $469M | +14% |
| Q1 2026 | $225.8M | +99% |
| Q4 2025 | $1B | +118% |
| Q3 2025 | $80.2M | -15% |
| Q2 2025 | $411.5M | +96% |
| Q1 2025 | $113.4M | +44% |
| Q4 2024 | $475.1M | -41% |
TPR generated $1.9B in free cash flow over the past year, up 74% from the year before.
TPR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.7% | -5.7M shares |
| 1 year | -5.1% | -11M shares |
| 3 years | -12% | -28M shares |
| 5 years | -28% | -80.7M shares |
| Available history | -26% | -72.2M shares |
TPR has 205M diluted shares, down 5.1% from a year ago, with $1.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $603M |
| Q2 2026 | $302.7M |
| Q1 2026 | $150.2M |
| Q4 2025 | $403.5M |
| Q3 2025 | $698.2M |
| Q2 2025 | $53.4M |
| Q1 2025 | $52.3M |
| Q2 2024 | — |
TPR spent $1.5B buying back its own shares over the past year.
TPR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.3x | Healthy |
TPR's net debt is less than a year of its operating earnings (EBITDA), down from 3.0 years a year ago.
TPR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 32.5 | Neutral |
TPR's weekly RSI is 53 (neutral) and its Stochastic is 33 (neutral).
TPR PE vs Consumer Cyclical Sector
| Metric | TPR | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 5% below |
| PE % | 65 | 47 | 18 pts above |
TPR is trading at 17x earnings, in line with the Consumer Cyclical sector's median of 18x.
TPR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $120.1 | 10% above |
| 20 week MA | $129.2 | 2.6% above |
| 50 week MA | $135.5 | 2.1% below |
| 100 week MA | $112.0 | 18% above |
| 200 week MA | $76.6 | 73% above |
TPR's trend is mixed: it's above four of its five weekly moving averages, and 73% above its 200-week average.
TPR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.9 | $30.9 | +15% |
| 2021 | $30.9 | $41.3 | +34% |
| 2022 | $41.3 | $37.4 | -9.3% |
| 2023 | $37.4 | $36.8 | -1.6% |
| 2024 | $36.8 | $65.9 | +79% |
| 2025 | $65.9 | $131.3 | +99% |
| 2026 YTD | $131.3 | $132.6 | +1% |
TPR has finished higher in four of the last six years, two of them by more than 50%. It's up 1% so far in 2026.