Tapestry Inc.

TPR-N

NYSE:TPR

25.80
0.27 (1.06%)
Tapestry, Inc. is an American multinational luxury fashion company based in New York City. The company is known for accessories and gifts for women and men, including handbags, men's bags, women's and ...
More at Wikipedia

Analysis and Opinions about TPR-N

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 16, 2019
from $100 to They're buying back stock and maintaining the 5.29% yield. Once Kate Spade line-up, this will return to $45-50/share. (Analysts’ price target is $27.86)
Tapestry Inc. (TPR-N)
September 16, 2019
from $100 to They're buying back stock and maintaining the 5.29% yield. Once Kate Spade line-up, this will return to $45-50/share. (Analysts’ price target is $27.86)
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$25.510
Owned
Yes
SPECULATIVE BUY
SPECULATIVE BUY
May 23, 2019
They are now the american designer company. They over expanded and denigrated the name. Having said that he bought the stock 2-3 months ago at $35 and he still has a $52 target on a turnaround. One of the aggressive picks in his fund. Doesn't have a lot of debt. Good high risk play.
They are now the american designer company. They over expanded and denigrated the name. Having said that he bought the stock 2-3 months ago at $35 and he still has a $52 target on a turnaround. One of the aggressive picks in his fund. Doesn't have a lot of debt. Good high risk play.
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$30.230
Owned
Yes
TOP PICK
TOP PICK
February 11, 2019
Coach expanded very rapidly a decade ago, over expanded and then got caught up in discount channels. Kate Spade needs some work and they need to refresh the product line. They did such a good job with coach he thinks they will do the same for Kate Spade. (Analysts’ price target is $44.24)
Tapestry Inc. (TPR-N)
February 11, 2019
Coach expanded very rapidly a decade ago, over expanded and then got caught up in discount channels. Kate Spade needs some work and they need to refresh the product line. They did such a good job with coach he thinks they will do the same for Kate Spade. (Analysts’ price target is $44.24)
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$34.650
Owned
Yes
DON'T BUY
DON'T BUY
March 14, 2017

This is gone through a respectable 1st round of recovery. They’ve renovated about 500 stores and are planning to renovate a couple of more. They’ve removed their products from about a quarter of the Department stores, and have reduced the number of promotions/sales which has helped their profit margins. These are entry-level luxury items, and people only buy 1 or 2 of them, unless they expand their offerings. They are not buying 4 or 5. Not sure where the growth is going to come from. Feels the easy money has already been made.

Tapestry Inc. (TPR-N)
March 14, 2017

This is gone through a respectable 1st round of recovery. They’ve renovated about 500 stores and are planning to renovate a couple of more. They’ve removed their products from about a quarter of the Department stores, and have reduced the number of promotions/sales which has helped their profit margins. These are entry-level luxury items, and people only buy 1 or 2 of them, unless they expand their offerings. They are not buying 4 or 5. Not sure where the growth is going to come from. Feels the easy money has already been made.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$38.970
Owned
Unknown
WAIT
WAIT
August 25, 2016

They recovered by renovation of stores to freshen things up. Removed product from about a quarter of their retailers. They reduced the number of discounts they have had. Their focus is to get back on track of being a premium brand. Don’t be in a rush to buy it.

Tapestry Inc. (TPR-N)
August 25, 2016

They recovered by renovation of stores to freshen things up. Removed product from about a quarter of their retailers. They reduced the number of discounts they have had. Their focus is to get back on track of being a premium brand. Don’t be in a rush to buy it.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$39.830
Owned
No
DON'T BUY
DON'T BUY
July 28, 2016

He would be reluctant to put it in his portfolio given the competition and the decline in foot traffic in the US. The valuation and long term growth potential keeps him out of it. Prefers TJX-N.

Tapestry Inc. (TPR-N)
July 28, 2016

He would be reluctant to put it in his portfolio given the competition and the decline in foot traffic in the US. The valuation and long term growth potential keeps him out of it. Prefers TJX-N.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$42.800
Owned
No
DON'T BUY
DON'T BUY
October 29, 2015

He does not think it is coming back. It does not have the same depth as a Chanel, for example. After the consumer buys the first one, they are less interested to buy the second one. KOR-N is similar.

Tapestry Inc. (TPR-N)
October 29, 2015

He does not think it is coming back. It does not have the same depth as a Chanel, for example. After the consumer buys the first one, they are less interested to buy the second one. KOR-N is similar.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$30.860
Owned
Unknown
COMMENT
COMMENT
January 16, 2015

This is having a real hard time. They have fallen out of the consumer’s eye of being the luxury brand that they once were. Once you lose that momentum, it is very difficult to regain it. Sales are down 21% year-over-year in North America. Recently did an acquisition of Stuart Weitzman, a luxury shoemaker, and spent $550 million. Not quite sure how this acquisition is going to help them sell more Coach purses. The good news is that sales in China have been picking up, but not nearly enough to offset what they’ve lost in the US. Given the slowdown in sales in the US, they have had to cut prices to move inventory, and by cutting prices, margins have also shrunk.

Tapestry Inc. (TPR-N)
January 16, 2015

This is having a real hard time. They have fallen out of the consumer’s eye of being the luxury brand that they once were. Once you lose that momentum, it is very difficult to regain it. Sales are down 21% year-over-year in North America. Recently did an acquisition of Stuart Weitzman, a luxury shoemaker, and spent $550 million. Not quite sure how this acquisition is going to help them sell more Coach purses. The good news is that sales in China have been picking up, but not nearly enough to offset what they’ve lost in the US. Given the slowdown in sales in the US, they have had to cut prices to move inventory, and by cutting prices, margins have also shrunk.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$36.110
Owned
Unknown
COMMENT
COMMENT
July 4, 2014

J C Penney (JPC-N) or Coach (COH-N)? This is the one that he would buy. It is a really well run company with a great yield of 3.8%, and trading at 19X earnings. Had some real problems on the North American side on same-store sale numbers that they are trying to improve. Very good management and no debt. Have a really good opportunity to grow their brand internationally, especially in emerging markets.

J C Penney (JPC-N) or Coach (COH-N)? This is the one that he would buy. It is a really well run company with a great yield of 3.8%, and trading at 19X earnings. Had some real problems on the North American side on same-store sale numbers that they are trying to improve. Very good management and no debt. Have a really good opportunity to grow their brand internationally, especially in emerging markets.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$35.140
Owned
Unknown
COMMENT
COMMENT
July 3, 2014

He would never buy a fashion company. Things change so fast. The metrics on this company are quite attractive, but earnings are going bust.

He would never buy a fashion company. Things change so fast. The metrics on this company are quite attractive, but earnings are going bust.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$35.140
Owned
No
DON'T BUY
DON'T BUY
June 18, 2014

J. C. Penny (JCP-N) or Coach (COH-N)? Recently sold his holdings.

Tapestry Inc. (TPR-N)
June 18, 2014

J. C. Penny (JCP-N) or Coach (COH-N)? Recently sold his holdings.

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$39.190
Owned
No
DON'T BUY
DON'T BUY
June 6, 2014

The whole fashion industry is a tough one. This was everybody’s darling for many, many years, but he thinks a little bit of the lustre has come off. He would be very hesitant to step in right now. Huge competition. They started to expand their market beyond bags, and have competition in that area. Valuation is still fairly rich even though the stock has come down.

The whole fashion industry is a tough one. This was everybody’s darling for many, many years, but he thinks a little bit of the lustre has come off. He would be very hesitant to step in right now. Huge competition. They started to expand their market beyond bags, and have competition in that area. Valuation is still fairly rich even though the stock has come down.

Don Lato
President, Padlock Investment Management
Price
$39.990
Owned
No
HOLD
HOLD
June 5, 2014

Everyone knows the brand. He owned the stock in the past. Where is the demand going to come from: as you start to see some improvement in the labour market you will see the high end come back again. A year to a year and a half from now it should do well again. Nice yield. KORs has also done very well here. Both stores are quite busy. CCH has the dividend.

Everyone knows the brand. He owned the stock in the past. Where is the demand going to come from: as you start to see some improvement in the labour market you will see the high end come back again. A year to a year and a half from now it should do well again. Nice yield. KORs has also done very well here. Both stores are quite busy. CCH has the dividend.

Andrew Hamlin
VP & Portfolio Manager, Aston Hill Financial
Price
$39.580
Owned
No
PAST TOP PICK
PAST TOP PICK
April 8, 2014

(A Top Pick March 20/13. Up 2.42%.) Sold his holdings in October 2013 when he noticed they were getting their lunch eaten by Michael Kors in the US. Doesn’t feel this is a bad company. Has a very, very solid balance sheet.

Tapestry Inc. (TPR-N)
April 8, 2014

(A Top Pick March 20/13. Up 2.42%.) Sold his holdings in October 2013 when he noticed they were getting their lunch eaten by Michael Kors in the US. Doesn’t feel this is a bad company. Has a very, very solid balance sheet.

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$49.090
Owned
No
HOLD
HOLD
February 6, 2014

Still a great company. This was such a great story for the longest time. From what he understands, their issue is that to some degree they have diluted their brand. Counterfeiting of Coach is rampant in Asia. They have also been known to do very large sales on their goods, which has cheapened their cachet. You have to be very careful on this name.

Tapestry Inc. (TPR-N)
February 6, 2014

Still a great company. This was such a great story for the longest time. From what he understands, their issue is that to some degree they have diluted their brand. Counterfeiting of Coach is rampant in Asia. They have also been known to do very large sales on their goods, which has cheapened their cachet. You have to be very careful on this name.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$46.420
Owned
No
DON'T BUY
DON'T BUY
January 22, 2014

Used to own it. Strong market share in China. Because of volatility about a previous quarter, he sold. They are losing market share fairly aggressively in the US. Until they are able to stabilize market share losses, he would be against, hesitant into the name. If you own it, take some profits off the table. December was a tremendously difficult month for retailers.

Tapestry Inc. (TPR-N)
January 22, 2014

Used to own it. Strong market share in China. Because of volatility about a previous quarter, he sold. They are losing market share fairly aggressively in the US. Until they are able to stabilize market share losses, he would be against, hesitant into the name. If you own it, take some profits off the table. December was a tremendously difficult month for retailers.

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$49.380
Owned
No
PAST TOP PICK
PAST TOP PICK
December 23, 2013

(Top Pick Feb9/13, Up 17.49%) Not as good as he had hoped. Bought for the Asian exposure. He is watching it closely and if it doesn’t gain momentum, he might switch for something that might do better.

Tapestry Inc. (TPR-N)
December 23, 2013

(Top Pick Feb9/13, Up 17.49%) Not as good as he had hoped. Bought for the Asian exposure. He is watching it closely and if it doesn’t gain momentum, he might switch for something that might do better.

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$56.110
Owned
Yes
BUY
BUY
September 16, 2013

(Market Call Minute) Spends lots of marketing dollars and trades cheap relative to other luxury names.

Tapestry Inc. (TPR-N)
September 16, 2013

(Market Call Minute) Spends lots of marketing dollars and trades cheap relative to other luxury names.

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$54.980
Owned
Yes
DON'T BUY
DON'T BUY
September 5, 2013

Has gone through some transitions and challenging times with its stock and has moved sideways for quite some time. Purchasers are moving towards other areas. Seems a little bit cheap at this time but Michael Kors Holdings (KORS-N) is where the momentum is.

Tapestry Inc. (TPR-N)
September 5, 2013

Has gone through some transitions and challenging times with its stock and has moved sideways for quite some time. Purchasers are moving towards other areas. Seems a little bit cheap at this time but Michael Kors Holdings (KORS-N) is where the momentum is.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$53.400
Owned
Unknown
SELL
SELL
August 21, 2013

A great company but they are having some executive departures. Great balance sheet and margins are good but in the short term there is lumpiness with management changes and more competition. The last quarterly results released were not on fire where usually they can have some pretty strong numbers. It’s a tough market. There are a number of competitors out there.

Tapestry Inc. (TPR-N)
August 21, 2013

A great company but they are having some executive departures. Great balance sheet and margins are good but in the short term there is lumpiness with management changes and more competition. The last quarterly results released were not on fire where usually they can have some pretty strong numbers. It’s a tough market. There are a number of competitors out there.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$52.330
Owned
No
PAST TOP PICK
PAST TOP PICK
June 26, 2013

(A Top Pick March 20/13. Up 13.7%.)

Tapestry Inc. (TPR-N)
June 26, 2013

(A Top Pick March 20/13. Up 13.7%.)

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$55.990
Owned
Unknown
DON'T BUY
DON'T BUY
June 11, 2013

(Market Call Minute.) There are better, more global players with a more diversified product mix.

Tapestry Inc. (TPR-N)
June 11, 2013

(Market Call Minute.) There are better, more global players with a more diversified product mix.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$58.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 29, 2013

(Top Pick Mar 31/13, Up 16.84%)

Tapestry Inc. (TPR-N)
April 29, 2013

(Top Pick Mar 31/13, Up 16.84%)

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$58.270
Owned
Yes
TOP PICK
TOP PICK
March 20, 2013

An iconic brand developed in the US that has been around for over 50 years. Sold off very hard recently because it didn’t perform very well over the last two quarters. He believes that a couple of quarters of subpar performance doesn’t mean that the game is over. What you have is a high luxury brand trading at a discount multiple on numbers that he believes are extremely low. Gaining traction with consumers in Asia. Dividend yield of 2.45%.

Tapestry Inc. (TPR-N)
March 20, 2013

An iconic brand developed in the US that has been around for over 50 years. Sold off very hard recently because it didn’t perform very well over the last two quarters. He believes that a couple of quarters of subpar performance doesn’t mean that the game is over. What you have is a high luxury brand trading at a discount multiple on numbers that he believes are extremely low. Gaining traction with consumers in Asia. Dividend yield of 2.45%.

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$49.290
Owned
Yes
DON'T BUY
DON'T BUY
March 14, 2013

Looks like a value stock at this point. Stock hasn’t done that well. Sold his holdings last year because technicals were not looking so great. Thinks they are in a transition phase at this point and are looking at refocusing on fragrances, watches, etc. They might be losing ground to some of their competitors. Cheap. Would prefer Kors Holdings (KORS-N).

Tapestry Inc. (TPR-N)
March 14, 2013

Looks like a value stock at this point. Stock hasn’t done that well. Sold his holdings last year because technicals were not looking so great. Thinks they are in a transition phase at this point and are looking at refocusing on fragrances, watches, etc. They might be losing ground to some of their competitors. Cheap. Would prefer Kors Holdings (KORS-N).

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$49.990
Owned
No
SELL
SELL
February 15, 2013

It was moving in a sideways trend. It has recently broken down from a support level in the $52 range. The break below is a fairly bearish signal.

Tapestry Inc. (TPR-N)
February 15, 2013

It was moving in a sideways trend. It has recently broken down from a support level in the $52 range. The break below is a fairly bearish signal.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$48.400
Owned
Unknown
TOP PICK
TOP PICK
February 8, 2013

Huge play in China. China produces over 230,000 new Millionaires every year. High end products are doing very well.

Tapestry Inc. (TPR-N)
February 8, 2013

Huge play in China. China produces over 230,000 new Millionaires every year. High end products are doing very well.

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$48.930
Owned
Yes
DON'T BUY
DON'T BUY
February 1, 2013

Reported some decent numbers, but unfortunately they got dinged for not making it in North America numbers. Most of their profit came from Asia and Europe. Valuation had also got extended and it is not a cheap stock.

Tapestry Inc. (TPR-N)
February 1, 2013

Reported some decent numbers, but unfortunately they got dinged for not making it in North America numbers. Most of their profit came from Asia and Europe. Valuation had also got extended and it is not a cheap stock.

John Zechner
Chairman, J. Zechner & Assoc
Price
$49.870
Owned
Unknown
HOLD
HOLD
January 24, 2013

It over sold a bit, but not a lot. Around the $50 range there is a lot of support. We have a big topping process. If it hung around here, he may want to look at it as a punt. If it goes a lot lower then it is a broken name. It is high end discretionary and some say it is getting tired.

Tapestry Inc. (TPR-N)
January 24, 2013

It over sold a bit, but not a lot. Around the $50 range there is a lot of support. We have a big topping process. If it hung around here, he may want to look at it as a punt. If it goes a lot lower then it is a broken name. It is high end discretionary and some say it is getting tired.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$50.900
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 7, 2012

(A Top Pick Nov 24/11. Down 0.71%.) Sold his holdings in August when it hit his stop loss and it looked like China was slowing down quite a bit. Likes it longer-term, but in the near-term it is trading below the 200 day moving average. Just announced a share purchase plan which is good. Long-term growth you are looking at about 13%. Forward price earnings is around 13-14.

Tapestry Inc. (TPR-N)
November 7, 2012

(A Top Pick Nov 24/11. Down 0.71%.) Sold his holdings in August when it hit his stop loss and it looked like China was slowing down quite a bit. Likes it longer-term, but in the near-term it is trading below the 200 day moving average. Just announced a share purchase plan which is good. Long-term growth you are looking at about 13%. Forward price earnings is around 13-14.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$56.950
Owned
No
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