
NYSE:TPR
This summary was created by AI, based on 2 opinions in the last 12 months.
Tapestry Inc. (TPR-N) has shown impressive performance recently, specifically with a 148% surge since the Federal Trade Commission (FTC) blocked its merger with Capri Holdings, which owns brands like Kate Spade, Versace, and Jimmy Choo. The company's strong performance is evidenced by their consistent top and bottom line beats, coupled with an optimistic forecast that has been raised for three consecutive quarters. A crucial driver behind this growth is the resurgence in the Coach brand, which has been successfully capturing market share. While some critics argue that Tapestry may not fit the traditional luxury category due to its mid-priced positioning, it remains a viable investment opportunity, particularly on pullbacks or for establishing a small position now.
Last year, the FTC blocked the Tapestry-Capri merger to include Kate Space, Versace and Jimmy Choo brands among others. Since then, TPR has soared 148%; announced and accelerated a share buyback; delivered top and bottom line beats and raised forecast for three straight quarters. Drivin this is improving sales in the Coach brand which is stealing market brand. Buy on a pullback or a small position now.
Some high-end names like Louis Vuitton have not been doing well. But TPR has been performing decently. Above 200-day MA, which is moving higher. Mid-high luxury, and that part of the market is doing better. Could be that the ultra-rich are "downshifting" into names owned by this brand.
15.5x forward PE, slightly above 10-year historical norms for this name. 9-10% growth. So valuation is decent. Investors should be cautious about impact of a downturn in the economy on this type of name.
Got an analyst upgrade today and the stock surged and lifted the entire retail clothing sector. He prefers tried-and-true Lululemon though.
Tapestry Inc. is a American stock, trading under the symbol TPR (previously TPR-N on Stockchase) on the New York Stock Exchange (TPR). It is usually referred to as NYSE:TPR or TPR
In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on TPR (previously TPR-N on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is RISKY. Read the latest stock experts' ratings for Tapestry Inc..
Tapestry Inc. was recommended as a Top Pick by Bruce Murray on 2019-05-23. Read the latest stock experts ratings for Tapestry Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Tapestry Inc..
Tapestry Inc. is followed by 35 investors on Stockchase and is a trending stock that is worth watching.
On 2026-07-06, Tapestry Inc. (TPR) stock closed at a price of $145.49.
Only name in the space that's performed decently (though some would argue it's not really a luxury name). Could be because it's more mid-priced than luxury-priced.