Tapestry soars on strong trading day, outperforming market

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Tapestry Inc ($NYSE:TPR). is a leading fashion house with a portfolio of luxury brands, including Coach, Kate Spade, and Stuart Weitzman. The company’s stock surged on a strong trading day, outperforming the market. Tapestry’s strong performance was driven by positive momentum in the luxury sector and strong results from the company’s flagship brands.

Coach posted strong quarterly results, driven by growth in its online business and international markets. Kate Spade also posted strong results, driven by growth in its direct-to-consumer business and international markets.

Market Price

At the time of writing, news coverage was mostly positive. The stock opened at $32.4 and closed at $32.2, up 1.5% from the prior closing price of $31.7. Tapestry’s strong performance on Tuesday is a positive sign for the company’s future.

VI Analysis

Tapestry, Inc. is a leading American fashion house with a strong competitive advantage in its branded luxury products. The company’s fundamentals reflect its long-term potential, and the VI app shows that Tapestry is classified as a ‘gorilla’ company—one that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. What type of investors may be interested in such a company?

Tapestry has a high health score of 8/10, considering its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. The company is strong in profitability, medium in asset growth, and weak in dividend yield.

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

If you’re looking for a strong stock to buy, Tapestry Inc. is a great option. The company’s stock has been on a tear lately, outperforming the broader market. There are a number of reasons to like Tapestry.

First, the company is a luxury fashion brand with a portfolio of iconic labels, including Coach, Kate Spade, and Stuart Weitzman. Second, Tapestry has strong growth prospects. Finally, Tapestry is attractively valued. If you’re looking for a high-quality stock to buy, Tapestry is worth considering.