We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tapestry Up 30% in 6 Months: What's Behind the Bullish Run?
Read MoreHide Full Article
A glimpse of Tapestry, Inc.’s (TPR - Free Report) share price movement reveals that it has surged roughly 31.7% in the past six months comfortably outperforming the industry’s growth of 15.6% and S&P 500’s advance of approximately 4.2%. The company’s transformational initiatives revolving around products, stores and marketing reinforces its position in the retail landscape.
As one of the leading American marketers of fine accessories and gifts, Tapestry boasts a proven strategy of investing in stores to enhance sales output through product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model. We believe that these strategies will help drive comparable-store sales and operating margins in the long term. The company’s growth drivers include expansion of global distribution model and venturing into under-penetrated markets. It also launched Coach Create, a platform to customize bags either online or in outlets.
This Zacks Rank #2 (Buy) company is undergoing a brand transformation and is introducing modern luxury concept stores in key markets. The acquisition of Stuart Weitzman and Kate Spade has been accretive to performance and is being viewed as a significant step toward becoming a multi-brand company. Additionally, the company is aggressively expanding e-commerce platform. It also plans to undertake strategic measures involving, upgrading of core technology platforms and enhancement of international supply chain.
Management expects to attain run-rate synergies of approximately $100-$115 million from Kate Spade buyout in fiscal 2019 compared with the prior view of $50 million. Kate Spade sales came in at $434.7 million, while net sales for Stuart Weitzman totaled $120.7 million during the second quarter of fiscal 2018. Management continues to expect fiscal 2018 revenue to increase approximately 30% year over year to $5.8-$5.9 billion.
Gap (GPS - Free Report) delivered an average positive earnings surprise of 11.1% in the trailing four quarters. It has a long-term earnings growth rate of 8% and a Zacks Rank #2.
Urban Outfitters (URBN - Free Report) delivered an average positive earnings surprise of 8.5% in the trailing four quarters. It has a long-term earnings growth rate of 12% and a Zacks Rank #2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Tapestry Up 30% in 6 Months: What's Behind the Bullish Run?
A glimpse of Tapestry, Inc.’s (TPR - Free Report) share price movement reveals that it has surged roughly 31.7% in the past six months comfortably outperforming the industry’s growth of 15.6% and S&P 500’s advance of approximately 4.2%. The company’s transformational initiatives revolving around products, stores and marketing reinforces its position in the retail landscape.
As one of the leading American marketers of fine accessories and gifts, Tapestry boasts a proven strategy of investing in stores to enhance sales output through product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model. We believe that these strategies will help drive comparable-store sales and operating margins in the long term. The company’s growth drivers include expansion of global distribution model and venturing into under-penetrated markets. It also launched Coach Create, a platform to customize bags either online or in outlets.
This Zacks Rank #2 (Buy) company is undergoing a brand transformation and is introducing modern luxury concept stores in key markets. The acquisition of Stuart Weitzman and Kate Spade has been accretive to performance and is being viewed as a significant step toward becoming a multi-brand company. Additionally, the company is aggressively expanding e-commerce platform. It also plans to undertake strategic measures involving, upgrading of core technology platforms and enhancement of international supply chain.
Management expects to attain run-rate synergies of approximately $100-$115 million from Kate Spade buyout in fiscal 2019 compared with the prior view of $50 million. Kate Spade sales came in at $434.7 million, while net sales for Stuart Weitzman totaled $120.7 million during the second quarter of fiscal 2018. Management continues to expect fiscal 2018 revenue to increase approximately 30% year over year to $5.8-$5.9 billion.
Interested in Retail? 3 Picks You Can’t Miss
Nordstrom (JWN - Free Report) has a long-term earnings growth rate of 6% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gap (GPS - Free Report) delivered an average positive earnings surprise of 11.1% in the trailing four quarters. It has a long-term earnings growth rate of 8% and a Zacks Rank #2.
Urban Outfitters (URBN - Free Report) delivered an average positive earnings surprise of 8.5% in the trailing four quarters. It has a long-term earnings growth rate of 12% and a Zacks Rank #2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>