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Why Tapestry (TPR) is a Top Value Stock for the Long-Term
TapestryTapestry(US:TPR) ZACKSยท2024-10-22 14:46

Company Overview - Tapestry, Inc., formerly known as Coach, Inc., was founded in 1941 and is headquartered in New York, specializing in the design and marketing of fine accessories and gifts for both men and women [7] - The company offers a range of lifestyle products, including handbags, accessories, footwear, jewelry, seasonal apparel, sunwear, travel bags, fragrances, and watches [7] - Tapestry operates under three segments: Coach brand (76.4% of fiscal 2024 sales), Kate Spade & Company (20% of sales), and Stuart Weitzman (3.6% of sales) [7] Investment Ratings - Tapestry holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, indicating strong potential for investment [7][8] - The company has a Value Style Score of A, supported by attractive valuation metrics such as a forward P/E ratio of 9.96, making it appealing to value investors [7] Earnings Estimates - One analyst has revised Tapestry's earnings estimate higher in the last 60 days for fiscal 2025, with the Zacks Consensus Estimate increasing to $4.47 per share [8] - Tapestry has demonstrated an average earnings surprise of 10.3%, indicating a positive trend in earnings performance [8]