Forecast Of The Day: Tapestry’s Kate Spade Revenues

+11.36%
Upside
41.63
Market
46.36
Trefis
TPR: Tapestry logo
TPR
Tapestry

What?

Tapestry’s (NYSE:TPR) Kate Spade Revenues rose from about $1.15 billion in 2020 to about $1.21 billion in 2021. Trefis expects the metric to rise further to about $1.4 billion in 2022.

Why?

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We expect growth to be driven by the brand’s appeal to millennials, significant international expansion opportunities, and increased sales of full-price items.

So What?

We think TPR stock is undervalued at current levels. We value TPR at about $48 per share, 20% ahead of the current market price.

See Our Complete Analysis For Tapestry

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Feb 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 TPR Return 3% -4% 12%
 S&P 500 Return -6% -11% 89%
 Trefis MS Portfolio Return -5% -14% 239%

[1] Month-to-date and year-to-date as of 2/24/2022
[2] Cumulative total returns since the end of 2016

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