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The Panic-Proof Portfolio (Stockchase Research) Tapestry Inc. TPR-N PAST TOP PICK Jan 11, 2022

(A Top Pick Dec 08/21, Down 11.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TPR has triggered its stop at $38.50. To remain disciplined, we recommend covering the position at this time. When combined with the previous buy recommendation, this results in a combined net investment loss of 9%.

The Panic-Proof Portfolio (Stockchase Research)

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PAST TOP PICK

(A Top Pick Sep 16/19, Down 39%) He felt it was well-positioned to turn around. It owns Coach handbags which had far overexpanded, and a high-end shoe company. It just bought Kate Spade whose product line needed updating. These brands were expected to take off in China. He's bought more shares and sees more upside. Carries no debt.

COMMENT

Got an analyst upgrade today and the stock surged and lifted the entire retail clothing sector. He prefers tried-and-true Lululemon though.

BUY ON WEAKNESS

Considering another lockdown The new CEO is doing a good job, the consumer appeal is good, and the merchandise is fresh. It's a rare brick and mortar name that he's really warming up to.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly TPR is an international manufacturer of luxury items that include the Coach and Kate Spade brands. They have built cash reserves back above $2 billion during the pandemic, while paying down debt. They trade at 16x earnings, compared to peers like RL at 49x. They have re-instated the dividend at a good yield, while keeping the payout ratio under 50% of cash flow. We would buy this with a stop loss at $30, looking to achieve $53.50 -- upside potential over 29%. Yield 2.45%. (Analysts’ price target is $53.13)

BUY

It reports Thursday and likely good news, which means it will surge to a 52-week high. Used to be called Coach.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly This international manufacturer of luxury items that includes the Coach and Kate Spade brands is reiterated as a TOP PICK. Recently reported earnings beat expectations by 17% and ROE is over 29%. They are using cash reserves to buy back shares and pay down debt. They trade at 15x earnings, compared to peers at 28x. They have re-instated the dividend at a good yield, while keeping the payout ratio under 10% of cash flow. We recommend trailing up the stop (from the $30.00 as previously recommended) to $38.50, looking to achieve $56 -- upside potential over 27%. Yield 2.30%. (Analysts’ price target is $55.93)

SELL

Will buy Capri

The deal doesn't make sense, because TPR lost a lot of money. Better is Ralph Lauren in luxury goods.

DON'T BUY

It's cheap, but there isn't a catalyst to take this higher.

SELL

His favourite in this space is Ralph Lauren which collapsed today, and TPR is not better than RL. TPR will go lower in this market.

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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

The Panic-Proof Portfolio (Stockchase Research) Tapestry Inc. TPR-N PAST TOP PICK Jan 11, 2022

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