Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market and Dividend Information

Tapestry, Inc.’s common stock is listed on the New York Stock Exchange and is traded under the symbol “TPR.”

As of August 2, 2019, there were 2,193 holders of record of Tapestry’s common stock.

Any future determination to pay cash dividends will be at the discretion of Tapestry’s Board and will be dependent upon Tapestry’s financial condition, operating results, capital requirements and such other factors as the Board deems relevant.

The information under the principal heading “Securities Authorized For Issuance Under Equity Compensation Plans” in the Company’s definitive Proxy Statement for the Annual Meeting of Stockholders to be held on November 7, 2019, to be filed with the Securities and Exchange Commission (the “Proxy Statement”), is incorporated herein by reference.

Performance Graph

The following graph compares the cumulative total stockholder return (assuming reinvestment of dividends) of the Company's common stock with the cumulative total return of the S&P 500 Stock Index and the “peer set" companies listed below over the five-fiscal-year period ending June 29, 2019, the last day of Tapestry’s most recent fiscal year. The graph assumes that $100 was invested on June 28, 2014 at the per share closing price in each of Tapestry’s common stock, the S&P 500 Stock Index and a peer set index tracking the peer group companies listed below, and that all dividends were reinvested. The stock performance shown in the graph is not intended to forecast or be indicative of future performance.


•	L Brands, Inc.,


•	PVH Corp.,


•	Ralph Lauren Corporation,


•	Tiffany & Co.,


•	V.F. Corporation,


•	Estee Lauder, Inc.,


•	Capri Holdings Limited (formerly known as Michael Kors Holdings Limited)



	Fiscal 2014	Fiscal 2015	Fiscal 2016	Fiscal 2017	Fiscal 2018	Fiscal 2019
TPR	$100.00	$108.65	$127.46	$153.26	$155.88	$109.86
Peer Set	$100.00	$115.94	$108.25	$108.19	$150.34	$154.83
S&P 500	$100.00	$109.37	$111.91	$131.66	$150.59	$166.27

Stock Repurchase Program

The Company's share repurchases during the fourth quarter of fiscal 2019 were as follows:



Fiscal Period	Total Number of Shares Repurchased	Average Price per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1)	Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs(1)
	(in millions, except share data and per share data)
March 31, 2019 - May 4, 2019	—	$	—	—	$	—
May 5, 2019 - June 1, 2019	2,255,249	29.44		2,255,249	933.6
June 2, 2019 - June 29, 2019	1,156,824	29.06		1,156,824	900.0
Total	3,412,073			3,412,073

(1) The company repurchases its common shares under repurchase programs that were approved by the Board as follows:



Date Share Repurchase Programs were Publicly Announced	Total Dollar Amount Approved	Expiration Date of Plan
May 9, 2019	$1.00 billion	N/A

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