Los Angeles Capital Management LLC Boosts Its Investment in Tapestry,

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Los Angeles Capital Management LLC recently made headlines when they announced that they had increased their investment in Tapestry ($NYSE:TPR), Inc. The luxury fashion holding company is the parent to Coach, Kate Spade and Stuart Weitzman. Tapestry, Inc. designs and markets luxury accessories and lifestyle brands with a focus on modern fashion and American style. Their products include handbags, luggage, wallets, watches, footwear and outerwear. Tapestry also has an online presence with their ecommerce website and mobile app. Tapestry is a publicly traded company that trades on the New York Stock Exchange under the symbol TPR.

The recent announcement of Los Angeles Capital Management LLC’s increased investment in Tapestry is an indication of the confidence in the stock and the company’s future prospects. With strong fundamentals and a solid business strategy, Tapestry is well-positioned to continue to deliver long-term value to its shareholders. Investors looking for a long-term investment should consider adding Tapestry to their portfolio.

Price History

Los Angeles Capital Management LLC boosted its investment in Tapestry, Inc. on Monday, according to media reports. At the time of writing, media sentiment was mostly positive. The company’s stock opened on Monday at $43.1 and closed at $44.2, up by 1.2% from the last closing price of 43.7. Tapestry, Inc. has adopted strategies such as enhancing its online presence, increasing product innovation, and leveraging its existing customer base to remain competitive in the luxury fashion industry.

The increased investment from Los Angeles Capital Management LLC signals confidence in the company’s future prospects, and is expected to provide the financial resources necessary to further expand its operations. Tapestry, Inc.’s stock performance on Monday reflects investor optimism in the company’s future prospects and is a reminder of the potential dividends that increased investments can bring. With the new capital injection and strategic initiatives, Tapestry, Inc. appears to be well-positioned for continued growth in the luxury fashion industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tapestry. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tapestry. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tapestry. More…

Key Ratios Snapshot

Some of the financial key ratios for Tapestry are shown below. More…

VI Analysis

Vestorly’s Investment App (VI App) is a great tool to analyze a company’s fundamentals and get insight into its long-term potential. After assessing TAPESTRY, VI App’s risk rating for the company is high. This indicates that investing in TAPESTRY carries greater risks than average. VI App has detected three risk warnings associated with TAPESTRY: one on the income sheet, one on the balance sheet and one non-financial. The income sheet can be analyzed to assess how well the company is generating and utilizing revenue. The balance sheet provides insight into TAPESTRY’s liabilities, assets and equity. Lastly, non-financial risk warnings can refer to anything from the company’s management or corporate governance to its legal and regulatory compliance. Investors looking to make an informed decision about TAPESTRY should consider these risk warnings as they can have a long-term impact on the company’s performance. Those interested can register on VI App to gain access to the risk ratings and analysis of TAPESTRY. With this information, investors can make the best decision for their portfolio. More…

VI Peers

In the luxury goods industry, Tapestry Inc. competes against companies like CCC SA, Prada SpA, and Nordstrom Inc. While each company has its own unique strengths, Tapestry Inc. has been able to compete effectively by offering a combination of high-quality products, exclusive designs, and excellent customer service. As a result, Tapestry Inc. has been able to maintain a loyal customer base and grow its business.

– CCC SA ($LTS:0LS5)

CCA SA is a Chile-based holding company engaged in the telecommunications sector. The Company’s main shareholder is América Móvil, S.A.B. de C.V. (AMX), through its subsidiary Telmex Internacional, S.A.B. de C.V. (Telmex). CCA SA’s subsidiaries include VTR Chile S.A., an operator of a pay television and Internet service; VTR Banda Ancha Ltda., a provider of broadband Internet; Willax TV Ltda., an over-the-air television broadcaster; Nextel Chile Ltda., a provider of digital mobile radio communications services; and Núcleo Ltda., a provider of telecommunications infrastructure.

– Prada SpA ($SEHK:01913)

Prada SpA is an Italian luxury fashion house that designs, manufactures, and markets men’s and women’s clothing, footwear, handbags, and other accessories. The company has a market cap of 96.72B as of 2022 and a Return on Equity of 11.91%. Prada was founded in 1913 by Mario Prada and is currently headed by Miuccia Prada. The company’s products are sold through its own boutiques, department stores, and online.

– Nordstrom Inc ($NYSE:JWN)

Nordstrom, Inc. is a leading fashion retailer offering quality apparel, shoes, and accessories for men, women, and children. Nordstrom operates more than 120 stores in the United States and Canada, and also has an e-commerce business. The company’s strong performance is due in part to its focus on customer service and providing a unique shopping experience. Nordstrom’s market cap is 3.15B as of 2022, and its ROE is 70.09%. Nordstrom is a publicly traded company on the Nasdaq stock exchange.

Summary

Tapestry, Inc. has been seeing increased investment from Los Angeles Capital Management LLC recently. The current media sentiment is mostly positive when it comes to the company. Tapestry is a desirable option for investors due to its strong performance and potential for growth. Analysts have noted that the company has been making a number of strategic moves that have positioned it to do well in the future.

Additionally, Tapestry’s stock has seen an increase in value over the past few years. Investors should keep a close eye on the company as it continues to make strides in the industry.