TPR
TAPESTRY, INC.Evidence as of 2026-09-03Overview · TAPESTRY, INC.
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, sk…
Management team
- Denise Kulikowsky · Chief People OfficerFind on LinkedIn
- Ms. Andrea Shaw Resnick · Chief Communications OfficerFind on LinkedIn
- Ms. Elizabeth Fraser · CEO & Brand President of Kate Spade New YorkFind on LinkedIn
- Mr. David E. Howard · General Counsel & SecretaryFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.8 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The surviving record is constructive (+0.8 of a possible +2; confidence high) and establishes a clear intra‑year revenue and profit cycle: revenue rose from $ 1,704,600,000 in Q1 2026 (fiscal quarter ended 2025-10-24) to $ 2,502,400,000 in Q2 2026 (fiscal quarter ended 2026-01-23) then fell to $ 1,920,600,000 in Q3 2026 (fiscal quarter ended 2026-04-24). Gross profit and margins moved with that pattern—gross profit $ 1,300,500,000, $ 1,888,400,000 and $ 1,476,500,000 in those same quarters with gross margin roughly stable near 75–77%.
Operating income and net income followed the rise-then-decline shape (operating income $ 328,200,000; $ 716,400,000; $ 427,500,000; net income $ 274,800,000; $ 561,300,000; $ 343,800,000 for Q1–Q3 2026 respectively). Shares outstanding and weighted average diluted shares moved lower across the reported points, cash balances fluctuated from $ 1,100,000,000 down to $ 719,500,000 then back near $ 1,046,500,000 before $ 974,700,000 as of 2026-06-27, and standard valuation snapshots at the $ 123.14 price date show market cap $ 24,553,091,229, EV $ 25,957,391,229, trailing P/E 18.77 and EV/EBITDA 13.77.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue was $1,704,600,000 in fiscal Q1 2026 (2025-06-29 to 2025-09-27, 3mo), rose to $2,502,400,000 in fiscal Q2 2026 (2025-09-28 to 2025-12-27, 3mo), then declined to $1,920,600,000 in fiscal Q3 2026 (2025-12-28 to 2026-03-28, 3mo).
XBRL companyfacts · 0001116132-25-000025Gross profit was $1,300,500,000 in fiscal Q1 2026 (2025-06-29 to 2025-09-27, 3mo), $1,888,400,000 in fiscal Q2 2026 (2025-09-28 to 2025-12-27, 3mo), and $1,476,500,000 in fiscal Q3 2026 (2025-12-28 to 2026-03-28, 3mo).
XBRL companyfacts · 0001116132-25-000025Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, the iShares Core S&P 500 ETF (IVV) included the company with a weight of 0.05% of the fund.
ETF constituents · market dataA 0.05% weight in IVV indicates the company is part of a major passive S&P 500 index fund at a small single-digit basis-point position within that fund's overall allocation.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Railway Pension Investments Ltd increased its stake in Tapestry, Inc. in the second quarter, owning 356,576 shares as reported in a 13F filing.
News · thelincolnianonline.com · 2026-09-01Public Employees Retirement System of Ohio bought a new stake in Tapestry, Inc. in the second quarter, acquiring 104,616 shares according to its SEC filing.
News · thelincolnianonline.com · 2026-08-31Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month price / earnings ratio is 18.77.
Valuation inputs · SEC XBRL + stored EOD closeThe trailing twelve-month enterprise value / EBITDA is 13.77.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence set jointly supports a constructive read because operating profitability and margins have been resilient even as quarterly revenue rotated: gross margin stayed roughly stable near 76% across three reported quarters (fundamentals-2) while operating income and net income showed material recovery in Q2 and remained positive in Q3 after a revenue dip (fundamentals-3). Capital structure and shareholder accretion trends are consistent with shareholder-friendly actions: shares outstanding and weighted diluted shares moved meaningfully lower over the reported periods (fundamentals-4, fundamentals-5), and the company remains a constituent of a major S&P 500 ETF (ownership-0, ownership-1), supporting liquidity and index-driven demand. Market multiples are moderate on earnings and EBITDA (valuation-0, valuation-1), and several institutional filings show fresh or increased stakes from diversified investors (news-0, news-1, news-2, news-3), while a majority of visible sell-side coverage in the provided consensus is on the buy side, lending corroborating analyst conviction in the set of documents.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
22 surviving claims rest on 13 distinct sources; the heaviest analyst carries 36% of them, and 100% of what the desk raised survived the debate.
The evidence set is moderately broad (13 distinct sources) and the 22 surviving claims held up through review, which lends basic robustness. However, a single analyst contributing about a third of claims and the desk's 100% survival rate suggest some concentration of perspective and possible confirmation bias, so treat the read as useful but not fully independent.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
9 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+1.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.