Added to YB: 2024-08-01
Pitch date: 2024-07-29
TPR [bullish]
Tapestry, Inc.
+207.98%
current return
Author Info
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Company Info
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally.
Market Cap
$10.2B
Pitch Price
$38.88
Price Target
N/A
Dividend
3.16%
EV/EBITDA
6.06
P/E
11.75
EV/Sales
1.80
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
Tapestry: My highest conviction play for this earnings season!
TPR: Coach brand resurgence on TikTok, esp. Tabby Bag. Low Q2 expectations: $1.585B rev, $0.88 EPS (vs $1.619B, $0.95 LY). Web traffic up, Google Trends strong post-May 11 earnings call. Risks: Capri deal uncertainty. Trading at 9.27x P/E, 3.43% div yield, 12% FCF yield. Potential for beat & raised guidance. $CPRI merger still possible.
Read full article (6 min)