Boothbay Fund Management LLC Decreases Stock Holdings in Tapestry, Inc. $TPR

Morningstar screened US-listed stocks under its coverage for newly overvalued names for the week ended May 22. It said 12 stocks moved to 2-star ratings and seven to 1-star. Examples: Apple (2 stars; 14% above $270 fair value), Lilly (2; 18% above $900), Intel (2; 33% above $90), Arm (1; 104% above $150), Bloom (1; 332% above $70).

Sierra Summit Advisors LLC has acquired a new stake of 8,842 shares in Tapestry, Inc. (NYSE:TPR) valued at approximately $1.13 million during the 4th quarter. This comes as several other institutional investors also adjusted their positions in the luxury accessories retailer. Wall Street analysts maintain a "Moderate Buy" consensus rating for Tapestry, with a $160.67 average price target, following a strong earnings report and raised outlook.

Tapestry Inc (TPR) shares rose 3.2% to $135.79, but GuruFocus's GF Value rates the stock as "Significantly Overvalued" with an estimated fair value of $75.77. Despite a strong GF Score of 83/100, driven by high profitability and momentum, its valuation rank is low due to a P/E (TTM) of 43.5x, significantly above its historical median. Insider selling of $3.8 million with no buying activity also suggests caution for potential investors.

Tapestry Inc., owner of luxury brands Coach, Kate Spade, and Stuart Weitzman, recently exceeded quarterly earnings expectations, leading to a rise in its stock price and increased trading volume. The article delves into Tapestry's core business model, key brands, revenue drivers, and its strategic focus on international growth and digital channels. It also discusses the company's competitive position, sustainability efforts, and why it is a relevant stock for US investors, highlighting its historical performance and dividend profile.

The North Dakota State Investment Board recently acquired 18,920 shares of Tapestry, Inc. (NYSE:TPR) valued at approximately $2.42 million in the fourth quarter. This comes as Tapestry reported strong quarterly results, exceeding analyst expectations with an EPS of $1.66 and revenue of $1.92 billion, marking a 21.2% year-over-year increase. Analysts maintain a "Moderate Buy" rating for Tapestry with an average price target of $160.67, and the company has also declared a quarterly dividend of $0.40 per share.

Tapestry, the owner of Coach handbags, anticipates that approximately 70% of its future growth will originate from international markets, with a strong focus on expansion in China and Europe. CEO Joanne Crevoiserat highlighted China's significant potential, particularly among younger consumers, and noted double-digit sales growth in the country despite a weak overall handbag market. In Europe, the company is shifting its strategy to target younger, local customers rather than relying on tourist-driven demand.