Has Tapestry, Inc. turned? Is it time to take another look? Aug-15-18 Handbag sales help carry Coach brand back to full health MarketWatch Aug-14-18 Jim Cramer: I Am Much More Worried About Spending Patterns at Home TheStreet.com +12.01% Tapestry CEO: Accessories has seen 'terrific' growth in t... CNBC Videos Day Ahead: Top 3 Things to Watch Investing.com
Interesting price graph as DT's tariffs cannot be helping business? The items which TPR sells are surely classed as luxury goods which are the first to be hit if an economy takes a down turn. There is much mention of increased sales in North America - does the company sell around the world?
Some stockmarket movements this year have been unpredicatable to say the least and this one falls into that category. Handbags and similar goods are and always will be, especially those towards the higher end, seen as luxury items which are often the first casualty of any downturn. I also agree about the comment about tariffs - where will it all end?
Looking at the graph we might see a pullback towards $48 or $49. As long as the shares were to hold above the support line they might be worth looking at. Would this company make a tasty morsel for a larger company looking to expand?