Overview
Tapestry (NYSE:TPR) is a New York fashion powerhouse which owns the brands Coach, Kate Spade and Stuart Weitzman. The company changed its name to Tapestry in 2018 as part of a strategy to become
Tapestry: Unaffected By Inflation
Summary
- Tapestry is unaffected by inflation as it benefits from the Veblen effect. Hence, Tapestry is a great addition to your portfolio based on the current inflationary environment.
- Tapestry is undervalued with an 80% potential upside.
- Management is delivering meaningful progress on its Acceleration program, which has not yet been factored by the market.
Investment writer focused on ETF investing.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TPR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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