Forecast Of The Day: Tapestry’s Kate Spade Revenues
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?
- Up 8% This Year, How Will Tapestry Stock Trend Post Q2 Results?
- Down 28% This Year, Where Is Tapestry’s Stock Headed Post Fiscal Q1?
- Tapestry Stock Could Rise 80% If It Recovers To Pre-Inflation Shock Highs
- Tapestry’s Stock Down 27% This Year, What’s Next?
- Can Tapestry’s Stock Trade Higher Following Q4 Results?
- Will Tapestry’s Stock Trade Higher Following Q3 Results?
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
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| 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