Tapestry offers women’s accessories, including handbags, such as wallets, money pieces, wristlets and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks and portfolios; and key rings and charms.
It also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers and belts; and footwear, watches, fragrances, sunglasses, novelty accessories and ready-to-wear for men. In addition, it offers women’s footwear; sunglasses; bracelets, necklaces, rings and earrings; fragrances and watches; women’s seasonal lifestyle apparel collections, including outerwear and ready-to-wear; and cold weather accessories, which comprise gloves, scarves and hats.
Further, the company provides footwear items, housewares and home accessories for kids, such as fashion bedding and tableware, as well as stationery and gifts. It licenses rights to market and distribute its tech and soft accessories, jewelry, watches, eyewear and fragrances under the Coach brand, and tableware and housewares, fashion beddings, tech accessories, watches, sleepwear, eyewear, stationery and gifts and fragrances under the Kate Spade brand.
As of July 2, 2022, the company operated through a network of 945 Coach stores, 398 Kate Spade stores and 100 Stuart Weitzman stores. It sells its products through e-commerce sites, concession shop-in-shops and wholesale customers, as well as through independent third-party distributors.
Tapestry stock has a $45 price target at BofA Securities. The consensus target of $43.87 is a bit closer to Wednesday’s close at $39.65.
Whirlpool Corp. (NYSE: WHR) is the stock that the analysts rate as Underperform. It has had a strong run over the past few years. Investors who are more aggressive may want to consider this idea as a possible short-sale candidate for 2023.
These are nine top long ideas for investors looking for stocks that could deliver in the first quarter, and one potential short for more aggressive investors. We will track the progress on these picks and provide updates on their performance. With fourth-quarter earnings reports right around the corner, it may make sense to buy partial positions and see how the results come in for these top companies.
Originally published at 24/7 Wall St.
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