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Tapestry, Inc.

(TPR)

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39.24 USD +0.30

Closed: 03 May, 3:55 pm

Symbol	TPR
Market Cap	9B
Price	39.24
Open	39.09
52-wk High	48.80
50 Day Avg	44.48
Earnings Announcement	2024-05-09
Website	https://www.tapestry.com

Name	Tapestry, Inc.
Shares Outstanding	229,366,000
Change %	1.1601%
Low	39.04
52-wk Low	25.99
200 Day Avg	36.92
Last Dividend	1.40

Exchange	NYSE
Volume	3,207,406
Previous Close	38.79
High	39.77
EPS	3.97
PE	9.88
Avg Volume	4,044,430
CUSIP	876030107

Tapestry, Inc. Outlook

Description	Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. The company also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear for men. In addition, it offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, the company provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, it licenses rights to market and distribute its tech and soft accessories, jewelry, watches, eyewear, and fragrances under the Coach brand; and tableware and housewares, fashion beddings, tech accessories, watches, sleepwear, eyewear, stationery and gifts, and fragrances under the Kate Spade brand. As of July 2, 2022, the company operated through a network of 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. It sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.
Currency	USD
ISIN	US8760301072

Industry	Luxury Goods
Changes	0.45
CUSIP	876030107

Range	25.99 - 48.80
Beta	1.60
CIK	0001116132

30-Apr-2024 3:19 PM

Signal Says Avoid This Luxury Retail Stock

Retail stock Tapestry Inc (NYSE:TPR) -- which owns luxury fashion brands Coach, Kate spade, among others -- has executed quite the V-shaped rally on the charts in the last nine months.

30-Apr-2024 2:37 PM

3 Stocks Riding the M&A Wave to Riches

Matterport (NASDAQ: MTTR ) got put out of its misery with the M&A stock news on April 22 that Washington D.C.-based CoStar Group (NASDAQ: CSGP ) was buying the provider of spatial property data for $5.50 a share ($1.6 billion enterprise value) with half in cash and the other half in CoStar stock.

25-Apr-2024 10:55 AM

Tapestry Fights On Two Legal Battlefronts Against The FTC And Gap/Old Navy

Two legal battles are rocking Tapestry, Inc, owner of the Coach, Kate Spade and Stuart Weitzman brands. One is a more or less routine trademark dispute against Gap Gap and its Old Navy brand.

23-Apr-2024 8:25 PM

The FTC wants to block a big handbag merger to preserve competition. ‘10,000 alternatives' could complicate its case.

When the Federal Trade Commission on Monday sued to block Tapestry Inc.'s acquisition of Capri Holdings, the agency said it was trying to keep handbags made by brands like Coach, Kate Spade and Michael Kors affordable to middle-income shoppers.

23-Apr-2024 6:43 AM

US Sues to Block $8.5 Billion Tapestry-Capri Luxury Deal

The US Federal Trade Commission sued to stop Tapestry's $8.5 billion takeover of rival Capri Holdings, saying the acquisition would harm consumers by raising prices on handbags and accessories in the affordable luxury sector. Kimberly Adams reports on Bloomberg Television.

23-Apr-2024 3:56 AM

Tapestry takeover of Michael Kors owner Capri blocked by US FTC

The planned merger of fashion groups Tapestry Inc (NYSE:TPR), which owns Kate Spade and Coach, and Capri Holdings, which owns Michael Kors, Versace and Jimmy Choo, has been blocked by the US antitrust watchdog. Tapestry's $8.5 billion deal to buy Capri, agreed last August, was blocked by the Federal Trade Commission as it said the Coach, Kate Spade and Michael Kors brands are close competitors.

22-Apr-2024 6:21 PM

FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors

Tapestry had offered to buy Capri in August, hoping to create a US fashion behemoth that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH.

22-Apr-2024 5:09 PM

FTC sues to block Tapestry's acquisition of Capri

The Federal Trade Commission on Monday sued to block Tapestry Inc.'s TPR, -0.76% $8.5 billion acquisition of Capri Holdings CPRI, -1.48%, arguing that a deal would reduce competition and allow Tapestry to dominate the so-called “accessible luxury” handbag market. Shares of Capri were down 0.2% after hours, while Tapestry was up 0.3%.

22-Apr-2024 4:50 PM

Tapestry, Inc. Outlook

Tapestry, Inc. News