Tapestry Inc (TPR) Stock AnalysisTPRStock AnalysisTapestry Inc

Tapestry, Inc. is a house of accessories and lifestyle brands. The Company's global house of brands include Coach and kate spade new york. Coach brand is a global fashion house of accessories and lifestyle collections. Kate Spade New York is a global lifestyle brand that designs things for the everyday, delivering seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, home decor and more. Its products include women's handbags, women's accessories, men's and other products. Women's accessories include small leather goods which include mini and micro handbags, money pieces, wristlets, pouches and cosmetic cases. Men's includes bag collections, small leather goods, footwear, watches, sunglasses, and ready-to-wear items. Its products are sold to customers through its direct-to-consumer (DTC), wholesale and licensing businesses. Its DTC business includes retail and outlet stores, branded e-commerce sites as well as concession shop-in-shops. It operates in the Consumer Cyclicals sector (LEATHER & LEATHER PRODUCTS industry).

Tapestry Inc is currently not a strong buy due to its low RSI of 29.32, indicating oversold conditions, and a recent price drop of 3.60% over the last five days. However, the company has a solid gross margin of 83.32% in the last quarter and a forward P/E of 16.39, suggesting potential for growth. The main risk is the significant insider selling, which increased by 2326% recently, indicating possible lack of confidence among executives.

35 analysts cover TPR: 21 rate it Buy, 13 Hold and 1 Sell. The average price target is 136.57.