Tapestry: Luxury Goods Firm Is Cheap Ahead Of Earnings, Bullish Chart

Jul. 31, 2022 3:49 AM ETTapestry, Inc. (TPR)2 Comments


  • The Discretionary sector has surged off its June low while China has endured losses recently.
  • One accessories firm, priced inexpensively, is exposed to both key areas of the stock market.
  • Tapestry's earnings are seen as growing at a high rate in the coming years and the company pays a high yield for a retailer.

TheCoach front store, the original house of leather, for luxury bags, wallets, ready-to-wear and more, at Narita International Airport, Chiba, Japan.

Sitthipong Pengjan

The Consumer Discretionary sector (XLY) has led the market higher over the last month (ETF performance heat map below). Retail stocks have generally seen a bounce, but some uncertainty lies ahead with the pivotal back-to-school shopping season underway. The back-to-school

One-Month ETF Performance Heat Map: Discretionary Strong, China Weak


TPR: Earnings, Valuation, Dividend Forecasts

BofA Global Research

Tapestry Calendar: Earnings Aug 18, Investor Day Sept 9

Wall Street Horizon

TPR: Bullish Breakout, $43 Price Target


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