Latest revenue
$1.92B
as of 2026-03-28
Latest net income
$343.8M
as of 2026-03-28
Net margin
17.9%
as of 2026-03-28
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $27.98B
- Enterprise value
- $29.32B
- P/E (trailing)
- 152.7×
- Forward P/E
- —
- P/B
- 50.76×
- Dividend yield
- 1.1%
- 52-wk high
- $161.97
- 52-wk low
- $76.92
- Beta
- —
- Shares out
- 202.0M
5-year trend
What this company does
Tapestry designs and sells handbags, leathergoods, and lifestyle accessories under the Coach and Kate Spade brands through retail stores, wholesale partners, and licensing deals worldwide. Direct-to-consumer sales of Coach products generate the bulk of revenue, with Kate Spade contributing a smaller secondary stream. Following the failed Capri acquisition and the August 2025 sale of Stuart Weitzman, Tapestry now operates as a focused two-brand house executing its 'Amplify' 2028 growth strategy while absorbing roughly 190 basis points of tariff-driven gross margin pressure.
Generated from TPR's filing dated 2026-05-07
Key risks
- Tariff exposure: U.S. import tariffs and de minimis removal cut Q2 FY26 gross margin ~190 bps and H1 ~140 bps.
- Brand concentration: post-Stuart Weitzman divestiture, Tapestry depends almost entirely on Coach and Kate Spade for revenue and growth.
- China/Europe execution risk: 2028 'Amplify' strategy hinges on accelerating Greater China and Europe amid currency volatility and geopolitical instability.
Generated from TPR's filing dated 2026-05-07
Profitability
Gross margin
75.4%
2.9%Operating margin
5.9%
65.4%Net margin
2.6%
78.6%Return on equity
21.4%
40.4%Return on assets
2.8%
54.3%Leverage
Debt / equity
6.67×
36.7%Long-term debt / equity
2.77×
9.0%Debt / assets
87.0%
4.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-28 | $1.92B | +21.2% | $343.8M | +69.1% | 17.9% |
Q4 2025 2025-12-27 | $2.50B | +14.0% | $561.3M | +80.8% | 22.4% |
Q3 2025 2025-09-27 | $1.70B | +13.1% | $274.8M | +47.3% | 16.1% |
Q2 2025 2025-06-28 | $1.72B | +8.3% | $-517.1M | -424.6% | -30.0% |
Q1 2025 2025-03-29 | $1.58B | +6.9% | $203.3M | +45.8% | 12.8% |
Q4 2024 2024-12-28 | $2.20B | +5.3% | $310.4M | -3.7% | 14.1% |
Q3 2024 2024-09-28 | $1.51B | -0.4% | $186.6M | -4.3% | 12.4% |
Q2 2024 2024-06-29 | $1.59B | — | $159.3M | — | 10.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Leather & Leather Products · SIC 3100
Your notes
Keep private notes on TPR — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$43.3M
Net activity
−$43.3M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TPR
Institutional value
$12.10B
Total shares held
88.1M
Distinct holders
723
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 18.3M | $2.59B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 13.2M | $1.86B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.1M | $1.43B | — | New |
| 4 | Invesco Ltd. | 2.6M | $368.7M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 2.6M | $366.9M | — | New |
| 6 | WESTFIELD CAPITAL MANAGEMENT CO LP | 2.2M | $310.3M | — | New |
| 7 | Allianz Asset Management GmbH | 1.5M | $206.8M | — | New |
| 8 | Bank of New York Mellon Corp | 1.3M | $188.3M | — | New |
| 9 | VANGUARD FIDUCIARY TRUST CO | 1.2M | $164.5M | — | New |
| 10 | WCM INVESTMENT MANAGEMENT, LLC | 1.1M | $154.8M | — | New |
| 11 | Swedbank AB | 1.1M | $151.5M | — | New |
| 12 | Robeco Institutional Asset Management B.V. | 983.9K | $138.8M | — | New |
| 13 | Nuveen, LLC | 918.8K | $129.7M | — | New |
| 14 | JANE STREET GROUP, LLC | 898.0K | $126.7M | — | New |
| 15 | ENVESTNET ASSET MANAGEMENT INC | 804.9K | $113.6M | — | New |
| 16 | DEUTSCHE BANK AG\ | 803.4K | $113.4M | — | New |
| 17 | Legal & General Group Plc | 741.8K | $104.7M | — | New |
| 18 | Pacer Advisors, Inc. | 737.5K | $104.1M | — | New |
| 19 | Pictet Asset Management Holding SA | 733.3K | $103.4M | — | New |
| 20 | UBS Group AG | 695.9K | $98.2M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Tariffs hit Q2 gross margin by 190bps versus 140bps for the half—what's the run-rate headwind into FY27 and how much can pricing/sourcing realistically offset?
- 2
Kate Spade has lagged Coach for years under Amplify's 2028 plan—what specific revenue inflection and margin targets should we hold you to in FY26?
- 3
With Capri terminated and Stuart Weitzman sold for just $105M, how do you justify the $2B+ buyback pace versus reinvesting in Gen Z acquisition and China?
Refreshed when TPR files a new report · last from 2026-05-07