Forecast Of The Day: Tapestry’s Coach Revenues
What?
Tapestry’s (NYSE:TPR) revenue from its Coach product line declined from around $4.3 billion in 2019 to around $3.5 billion in 2020. Trefis expects the metric to rise to over $4.9 billion in 2022 and to over $5.2 billion by 2023.
Why?
- Down 28% This Year, Where Is Tapestry’s Stock Headed Post Fiscal Q1?
- Tapestry Stock Could Rise 80% If It Recovers To Pre-Inflation Shock Highs
- Tapestry’s Stock Down 27% This Year, What’s Next?
- Can Tapestry’s Stock Trade Higher Following Q4 Results?
- Will Tapestry’s Stock Trade Higher Following Q3 Results?
- Does Tapestry’s Stock Have More Room For Growth?
While sales in 2020 were impacted by the Covid-19 pandemic, we expect longer-term growth to be driven by the company’s international expansion and higher average pricing for products.
So What?
We think TPR stock is undervalued at current levels. We estimate Tapestry’s valuation at about $47 per share, about 28% ahead of the current market price.
See Our Complete Analysis For Tapestry
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| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| TPR Return | -9% | -9% | 5% |
| S&P 500 Return | -5% | -5% | 102% |
| Trefis MS Portfolio Return | -10% | -10% | 255% |
[1] Month-to-date and year-to-date as of 1/20/2022
[2] Cumulative total returns since the end of 2016