Tapestry on Track to Surpass $5 EPS Target Set by Management
May 17, 2023
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Tapestry ($NYSE:TPR) Inc. is a leading global lifestyle luxury accessories company with a portfolio of renowned brands such as Coach, Kate Spade, and Stuart Weitzman. The company is on track to exceed their goal of $5 per share in earnings per share (EPS) set by management. The company has seen steady growth in recent quarters and is expected to continue its upward trajectory. Moreover, the strong results show that the company has been able to capitalize on its investments in digital infrastructure and tap into new markets to reach a wider customer base. The company has also been successful in driving efficiency through supply chain and product cost optimization.
This has allowed them to increase their gross profit margin even during challenging times. Going forward, the company is actively looking for opportunities to expand its consumer base and place more stock in its online stores. The company’s impressive performance across various business metrics is a clear indication that their strategy is paying off and they will continue to see success in the future.
Stock Price
TAPESTRY Inc. has been on track to exceed its fiscal year earnings per share (EPS) target of $5. On Tuesday, the company’s stock opened at $42.6 and closed at $41.9, a decrease of 2.6% from its closing rate of 43.0 the previous day. The downtrend in stock price can be attributed to the overall market conditions, where investors are apprehensive due to the ongoing pandemic.
However, the company’s strong fundamentals and financial performance have enabled it to remain on track to meet its EPS target for the fiscal year. Analysts have also commended the company’s strategies and initiatives that have kept its bottom line growth intact despite the decline in consumer spending. In the meantime, investors will be keeping a close eye on the company’s upcoming quarter earnings report to gauge the direction of its stock price in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tapestry. More…
| Total Revenues | Net Income | Net Margin |
| 6.67k | 900.7 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tapestry. More…
| Operations | Investing | Financing |
| 811.6 | 124.5 | -1.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tapestry. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.98k | 4.72k | 9.76 |
Key Ratios Snapshot
Some of the financial key ratios for Tapestry are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | 45.5% | 17.1% |
| FCF Margin | ROE | ROA |
| 9.6% | 31.1% | 10.2% |
Analysis
At GoodWhale, we have conducted an extensive analysis of TAPESTRY‘s wellbeing. Our conclusion is that TAPESTRY is a high risk investment as far as its financial and business aspects are concerned. To back this up, our team has identified three potential risk warnings. These are displayed in the income sheet, balance sheet, and non-financial categories respectively. To find out more about these warnings, be sure to register with us. More…
Peers
In the luxury goods industry, Tapestry Inc. competes against companies like CCC SA, Prada SpA, and Nordstrom Inc. While each company has its own unique strengths, Tapestry Inc. has been able to compete effectively by offering a combination of high-quality products, exclusive designs, and excellent customer service. As a result, Tapestry Inc. has been able to maintain a loyal customer base and grow its business.
– CCC SA ($LTS:0LS5)
CCA SA is a Chile-based holding company engaged in the telecommunications sector. The Company’s main shareholder is América Móvil, S.A.B. de C.V. (AMX), through its subsidiary Telmex Internacional, S.A.B. de C.V. (Telmex). CCA SA’s subsidiaries include VTR Chile S.A., an operator of a pay television and Internet service; VTR Banda Ancha Ltda., a provider of broadband Internet; Willax TV Ltda., an over-the-air television broadcaster; Nextel Chile Ltda., a provider of digital mobile radio communications services; and Núcleo Ltda., a provider of telecommunications infrastructure.
– Prada SpA ($SEHK:01913)
Prada SpA is an Italian luxury fashion house that designs, manufactures, and markets men’s and women’s clothing, footwear, handbags, and other accessories. The company has a market cap of 96.72B as of 2022 and a Return on Equity of 11.91%. Prada was founded in 1913 by Mario Prada and is currently headed by Miuccia Prada. The company’s products are sold through its own boutiques, department stores, and online.
– Nordstrom Inc ($NYSE:JWN)
Nordstrom, Inc. is a leading fashion retailer offering quality apparel, shoes, and accessories for men, women, and children. Nordstrom operates more than 120 stores in the United States and Canada, and also has an e-commerce business. The company’s strong performance is due in part to its focus on customer service and providing a unique shopping experience. Nordstrom’s market cap is 3.15B as of 2022, and its ROE is 70.09%. Nordstrom is a publicly traded company on the Nasdaq stock exchange.
Summary
Tapestry, Inc. is a leading global accessories brand, with a strong portfolio of luxury lifestyle brands including Coach, Kate Spade, and Stuart Weitzman. Recent investments in digital, marketing, and operational improvements have helped Tapestry reach a management target of over $5 in earnings per share. Profit margins expanded due to cost savings initiatives and lower promotional activity. Investors should take note of Tapestry’s long-term value potential and focus on the company’s underlying fundamentals when making their investment decisions.
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