Tapestry, Inc.
In the published model solve dated 2026-Q2, anchored at $125.49, Tapestry, Inc. (TPR) is priced for +12.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Tapestry is riding the strongest run in Coach's modern history, with brand revenue up 29% in constant currency in the March 2026 quarter and 2 million new customers added, driving a raised full-year outlook of roughly $7.95 billion in revenue [Source: FY2026 Q3 earnings release, May 7, 2026]. • The trailing 44.2x earnings multiple overstates the price: GAAP profit absorbed the ⟦"impairment charge of $610.7 million related to the Kate Spade indefinite-lived brand intangible"⟧ disclosed in the F
Is TPR overvalued? See what's priced in →
1,048 institutional managers reported holding TPR in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 45%. 156 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 17.6M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TPR has cut its share count 27.2% over the past five years, spending $5.27B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 2 years straight; the current rate is $1.40 a share annually. Cash returned over the past three years: $866.30M in dividends and $2.97B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at TPR over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TPR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-18 | +0.8% | -18.7% |
| 2023-11-10 | +2.4% | +29.2% |
| 2024-02-09 | +4.1% | -2.0% |
| 2024-05-10 | +2.8% | +9.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TPR's latest 8-K filings: 2026-08-13 (items 2.02, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-04-06 (items 5.02, 9.01); 2026-02-05 (items 2.02, 9.01); 2025-11-14 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.