Tapestry, headquartered in New York City, provides luxury accessories under brands like Coach, Kate Spade, and Stuart Weitzman, employing 12,600 people since its IPO on October 5, 2000. The company operates through three segments, focusing on global sales via retail, e-commerce, and wholesale channels.
TPR has been in the news recently: Wells Fargo has recommended buying Tapestry shares following a 16% decline, increasing its price target to $120 from Thursday's close of $95.69. Additionally, options data suggests that high-profile investors are optimistic about Tapestry, indicating possible insider knowledge.
📡️ Consumer Discretionary
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