Tapestry: Coach Rebranding Holds Promise For Future Growth

Company Overview - Tapestry (NYSE: TPR) owns Coach, which contributes almost 80% of its sales, along with two secondary brands, Kate Spade and Stuart Weitzman [1] - The company has recently rebranded Coach to align with current fashion trends [1] Analyst Perspective - The analyst has no current stock, option, or derivative positions in Tapestry but may initiate a long position in the next 72 hours [2] - The analyst is not compensated by Tapestry and has no business relationship with the company [2] Investment Philosophy - The analyst focuses on quality companies at reasonable valuations, inspired by investors like Warren Buffett, Peter Lynch, and Terry Smith [3] - The analyst believes that long-term share price performance is driven by fundamentals, particularly earnings per share [3]