Opinions The Panic-Proof Portfolio (Stockchase Research)
Tapestry Inc.TPRTOP PICKSep 02, 2021
$41.10
Stock price when the opinion was issued
$150.53
As of Jun 23, 2026. Market Open.
household goods
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Premium contentPAST TOP PICK
(A Top Pick Dec 08/21, Down 11.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TPR has triggered its stop at $38.50. To remain disciplined, we recommend covering the position at this time. When combined with the previous buy recommendation, this results in a combined net investment loss of 9%.
household goods
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly This international manufacturer of luxury items that includes the Coach and Kate Spade brands is reiterated as a TOP PICK. Recently reported earnings beat expectations by 17% and ROE is over 29%. They are using cash reserves to buy back shares and pay down debt. They trade at 15x earnings, compared to peers at 28x. They have re-instated the dividend at a good yield, while keeping the payout ratio under 10% of cash flow. We recommend trailing up the stop (from the $30.00 as previously recommended) to $38.50, looking to achieve $56 -- upside potential over 27%. Yield 2.30%. (Analysts’ price target is $55.93)
household goods
COMMENT
Got an analyst upgrade today and the stock surged and lifted the entire retail clothing sector. He prefers tried-and-true Lululemon though.
household goods
PAST TOP PICK
(A Top Pick Sep 16/19, Down 39%) He felt it was well-positioned to turn around. It owns Coach handbags which had far overexpanded, and a high-end shoe company. It just bought Kate Spade whose product line needed updating. These brands were expected to take off in China. He's bought more shares and sees more upside. Carries no debt.
Bruce MurrayOwned
household goods
TOP PICK
from $100 to They're buying back stock and maintaining the 5.29% yield. Once Kate Spade line-up, this will return to $45-50/share. (Analysts’ price target is $27.86)
Bruce MurrayOwned
household goods
RISKY
They are now the american designer company. They over expanded and denigrated the name. Having said that he bought the stock 2-3 months ago at $35 and he still has a $52 target on a turnaround. One of the aggressive picks in his fund. Doesn't have a lot of debt. Good high risk play.
Bruce MurrayOwned
household goods
TOP PICK
Coach expanded very rapidly a decade ago, over expanded and then got caught up in discount channels. Kate Spade needs some work and they need to refresh the product line. They did such a good job with coach he thinks they will do the same for Kate Spade. (Analysts’ price target is $44.24)
Bruce MurrayOwned
household goods
DON'T BUY
This is gone through a respectable 1st round of recovery. They’ve renovated about 500 stores and are planning to renovate a couple of more. They’ve removed their products from about a quarter of the Department stores, and have reduced the number of promotions/sales which has helped their profit margins. These are entry-level luxury items, and people only buy 1 or 2 of them, unless they expand their offerings. They are not buying 4 or 5. Not sure where the growth is going to come from. Feels the easy money has already been made.
household goods
Stockchase Research Editor: Michael O'Reilly TPR is an international manufacturer of luxury items that include the Coach and Kate Spade brands. They have built cash reserves back above $2 billion during the pandemic, while paying down debt. They trade at 16x earnings, compared to peers like RL at 49x. They have re-instated the dividend at a good yield, while keeping the payout ratio under 50% of cash flow. We would buy this with a stop loss at $30, looking to achieve $53.50 -- upside potential over 29%. Yield 2.45%. (Analysts’ price target is $53.13)