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New York-based Tapestry, Inc. (TPR), with a market cap of $9.7 billion, designs and markets luxury accessories and gifts for women and men. The company operates under Coach; Kate Spade & Company; and Stuart Weitzman segments.
Shares of the luxury accessories retailer have lagged behind the broader market in the last year. While TPR has surged 1.6% over this time frame, the broader S&P 500 Index ($SPX) is up 24.5%. However, things are looking bright for the stock, as in 2024, the stock rose 15.1%, compared to SPX’s 9.8% return on a YTD basis.