Tapestry: Great Story, But A Short Growth Runway And An Overly Optimistic Mr. Market (TPR)

Tapestry, Inc. ( TPR ) is the parent company of Coach, Kate Spade, and Stuart Weitzman. Each year, Coach represents a higher percentage of Tapestry, Inc.'s sales, reaching ~80% in FY25. It has also performed incredibly well over the past few years, having returned ~250% overI am a full-time equity analyst and the co-founder of Mina Vista Capital Management, a hedge fund that my business partner, William Hazen, and I started. I look for long-term investment opportunities with a focus on fundamentals. I’ve do ...