Tapestry (TPR) Has Done Remarkable Things, Says Jim Cramer

Core Viewpoint - Tapestry, Inc. (NYSE:TPR) has shown significant stock performance, with shares increasing by 89% over the past year and 17.8% year-to-date, indicating strong market confidence in the company [1]. Financial Performance - UBS raised Tapestry's share price target to $125 from $123 while maintaining a Neutral rating, anticipating that the upcoming second-quarter results will exceed analyst earnings per share forecasts [1]. - Wells Fargo subsequently increased Tapestry's share price target to $165 from $142 and maintained an Overweight rating, citing strong growth from the Coach brand, which saw a revenue increase of 25% [1]. Brand Performance - The Coach brand under Tapestry has been highlighted for its remarkable performance, with analysts noting that it has exceeded expectations in recent quarters [1]. - Jim Cramer praised the revitalization of the Coach brand and the leadership of Tapestry's CEO, emphasizing the company's remarkable achievements [2].