Here is Why Growth Investors Should Buy Tapestry (TPR) Now

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Tapestry (TPR) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company is recognized for its high-end shoes and handbags, making it a strong growth pick currently [3] Group 2: Earnings Growth - Tapestry has a historical EPS growth rate of 17.1%, with projected EPS growth of 23.8% this year, surpassing the industry average of 17.1% [5] - Earnings growth is crucial for investors, as double-digit growth often indicates strong future prospects [4] Group 3: Cash Flow Growth - Tapestry's year-over-year cash flow growth stands at 10.6%, significantly higher than the industry average of -1.1% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 21.2%, compared to the industry average of 7.6% [7] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for Tapestry have increased by 13% over the past month, indicating a positive trend in earnings estimate revisions [9] - Positive earnings estimate revisions are correlated with near-term stock price movements, validating the stock's potential [8] Group 5: Conclusion - Tapestry has achieved a Growth Score of A and a Zacks Rank 1, suggesting it is a potential outperformer and a solid choice for growth investors [10][11]