Tapestry

Tapestry is a lifestyle company. The company's primary product offerings, manufactured by third-party suppliers, include women's and men's bags, small leather goods, footwear, ready-to-wear including outerwear, watches, weekend and travel accessories, scarves, eyewear, fragrance, jewelry and other lifestyle products. The company has three reportable segments: Coach, which includes sales of Coach brand products to customers through Coach operated stores; Kate Spade, which includes sales primarily of Kate Spade New York brand products to customers through Kate Spade operated stores; and Stuart Weitzman, which includes sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores.
  • TickerTPR
  • ISINUS8760301072
  • ExchangeNew York Stock Exchange
  • SectorPersonal Goods
  • CountryUnited States
Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Embedded Expectations Analysis - 2021 06 25

Tapestry, Inc. (TPR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.0x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about meeting their revenue guidance, maintaining their consumer growth, and their brands' performance Specifically, management may lack confidence in their ability to sustain growth in their e-commerce channels in North America, maintain their SKU count, and meet their revenue guidance. Moreover, they may have concerns about Chinese consumer gro...

TPR TAPESTRY (Personal & Household Goods)

TAPESTRY with less fundamental stars is reduced to Neutral

TAPESTRY (US), a company active in the Apparel Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 43.52 and its expected value was estimated at USD 41.81.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

Valens Credit Weekly Insights - 2021 03 03

Valens Credit Research team highlights TPR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Valens Credit Report - 2021 03 01

Cash bond markets are overstating credit risk, with a bond YTW of 2.733% relative to an Intrinsic YTW of 1.453% Incentives Dictate Behavior™ analysis highlights mostly positive signals for TPR credit holders. Management's compensation framework should drive them to focus on all three value drivers, asset efficiency, margin expansion, and revenue growth, which may lead to Uniform ROA improvement and higher cash flows available for servicing obligations. In addition, management members are not well-compensated in a change-in-control scenario, indicating they are unlikely to pursue a sale or acc...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

PPG - Embedded Expectations Analysis - 2021 03 01

PPG Industries, Inc. (PPG:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 21.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about their Tikkurila acquisition and the positive impact of de-urbanization, and confident about their positioning in Europe Specifically, management generated multiple excitement markers when saying the Tikkurila acquisition will not disrupt the company's legacy businesses or customers and that current de-urbanization favors a more robust painting cycle with more...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Embedded Expectations Analysis - 2021 06 25

Tapestry, Inc. (TPR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.0x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about meeting their revenue guidance, maintaining their consumer growth, and their brands' performance Specifically, management may lack confidence in their ability to sustain growth in their e-commerce channels in North America, maintain their SKU count, and meet their revenue guidance. Moreover, they may have concerns about Chinese consumer gro...

TPR TAPESTRY (Personal & Household Goods)

TAPESTRY with less fundamental stars is reduced to Neutral

TAPESTRY (US), a company active in the Apparel Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 43.52 and its expected value was estimated at USD 41.81.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

Valens Credit Weekly Insights - 2021 03 03

Valens Credit Research team highlights TPR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Valens Credit Report - 2021 03 01

Cash bond markets are overstating credit risk, with a bond YTW of 2.733% relative to an Intrinsic YTW of 1.453% Incentives Dictate Behavior™ analysis highlights mostly positive signals for TPR credit holders. Management's compensation framework should drive them to focus on all three value drivers, asset efficiency, margin expansion, and revenue growth, which may lead to Uniform ROA improvement and higher cash flows available for servicing obligations. In addition, management members are not well-compensated in a change-in-control scenario, indicating they are unlikely to pursue a sale or acc...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

PPG - Embedded Expectations Analysis - 2021 03 01

PPG Industries, Inc. (PPG:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 21.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about their Tikkurila acquisition and the positive impact of de-urbanization, and confident about their positioning in Europe Specifically, management generated multiple excitement markers when saying the Tikkurila acquisition will not disrupt the company's legacy businesses or customers and that current de-urbanization favors a more robust painting cycle with more...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Embedded Expectations Analysis - 2021 06 25

Tapestry, Inc. (TPR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.0x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about meeting their revenue guidance, maintaining their consumer growth, and their brands' performance Specifically, management may lack confidence in their ability to sustain growth in their e-commerce channels in North America, maintain their SKU count, and meet their revenue guidance. Moreover, they may have concerns about Chinese consumer gro...

TPR TAPESTRY (Personal & Household Goods)

TAPESTRY with less fundamental stars is reduced to Neutral

TAPESTRY (US), a company active in the Apparel Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 43.52 and its expected value was estimated at USD 41.81.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

Valens Credit Weekly Insights - 2021 03 03

Valens Credit Research team highlights TPR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Valens Credit Report - 2021 03 01

Cash bond markets are overstating credit risk, with a bond YTW of 2.733% relative to an Intrinsic YTW of 1.453% Incentives Dictate Behavior™ analysis highlights mostly positive signals for TPR credit holders. Management's compensation framework should drive them to focus on all three value drivers, asset efficiency, margin expansion, and revenue growth, which may lead to Uniform ROA improvement and higher cash flows available for servicing obligations. In addition, management members are not well-compensated in a change-in-control scenario, indicating they are unlikely to pursue a sale or acc...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

PPG - Embedded Expectations Analysis - 2021 03 01

PPG Industries, Inc. (PPG:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 21.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about their Tikkurila acquisition and the positive impact of de-urbanization, and confident about their positioning in Europe Specifically, management generated multiple excitement markers when saying the Tikkurila acquisition will not disrupt the company's legacy businesses or customers and that current de-urbanization favors a more robust painting cycle with more...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Embedded Expectations Analysis - 2021 06 25

Tapestry, Inc. (TPR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.0x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about meeting their revenue guidance, maintaining their consumer growth, and their brands' performance Specifically, management may lack confidence in their ability to sustain growth in their e-commerce channels in North America, maintain their SKU count, and meet their revenue guidance. Moreover, they may have concerns about Chinese consumer gro...

TPR TAPESTRY (Personal & Household Goods)

TAPESTRY with less fundamental stars is reduced to Neutral

TAPESTRY (US), a company active in the Apparel Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 43.52 and its expected value was estimated at USD 41.81.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

Valens Credit Weekly Insights - 2021 03 03

Valens Credit Research team highlights TPR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Valens Credit Report - 2021 03 01

Cash bond markets are overstating credit risk, with a bond YTW of 2.733% relative to an Intrinsic YTW of 1.453% Incentives Dictate Behavior™ analysis highlights mostly positive signals for TPR credit holders. Management's compensation framework should drive them to focus on all three value drivers, asset efficiency, margin expansion, and revenue growth, which may lead to Uniform ROA improvement and higher cash flows available for servicing obligations. In addition, management members are not well-compensated in a change-in-control scenario, indicating they are unlikely to pursue a sale or acc...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

PPG - Embedded Expectations Analysis - 2021 03 01

PPG Industries, Inc. (PPG:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 21.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about their Tikkurila acquisition and the positive impact of de-urbanization, and confident about their positioning in Europe Specifically, management generated multiple excitement markers when saying the Tikkurila acquisition will not disrupt the company's legacy businesses or customers and that current de-urbanization favors a more robust painting cycle with more...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Embedded Expectations Analysis - 2021 06 25

Tapestry, Inc. (TPR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.0x Uniform P/E. Even at these levels, the market is pricing in bullish expectations for the firm, but management may be concerned about meeting their revenue guidance, maintaining their consumer growth, and their brands' performance Specifically, management may lack confidence in their ability to sustain growth in their e-commerce channels in North America, maintain their SKU count, and meet their revenue guidance. Moreover, they may have concerns about Chinese consumer gro...

TPR TAPESTRY (Personal & Household Goods)

TAPESTRY with less fundamental stars is reduced to Neutral

TAPESTRY (US), a company active in the Apparel Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 20, 2021, the closing price was USD 43.52 and its expected value was estimated at USD 41.81.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

Valens Credit Weekly Insights - 2021 03 03

Valens Credit Research team highlights TPR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

TPR - Valens Credit Report - 2021 03 01

Cash bond markets are overstating credit risk, with a bond YTW of 2.733% relative to an Intrinsic YTW of 1.453% Incentives Dictate Behavior™ analysis highlights mostly positive signals for TPR credit holders. Management's compensation framework should drive them to focus on all three value drivers, asset efficiency, margin expansion, and revenue growth, which may lead to Uniform ROA improvement and higher cash flows available for servicing obligations. In addition, management members are not well-compensated in a change-in-control scenario, indicating they are unlikely to pursue a sale or acc...

Valens Research
  • Valens Research
TPR TAPESTRY (Personal & Household Goods)

PPG - Embedded Expectations Analysis - 2021 03 01

PPG Industries, Inc. (PPG:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 21.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about their Tikkurila acquisition and the positive impact of de-urbanization, and confident about their positioning in Europe Specifically, management generated multiple excitement markers when saying the Tikkurila acquisition will not disrupt the company's legacy businesses or customers and that current de-urbanization favors a more robust painting cycle with more...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch