07-09-2019, 11:03 AM
(07-09-2019, 10:32 AM)stockguru Wrote: I would like to get your thoughts on TPR which is the old Coach. The stock
looks very cheap here. Yield at over 4% and pe 12. I get it has lots
of headwinds with tariffs and China. But looks like a bargain here.
Tapestry has a price to book ratio of 2.5 compared with that of industry’s 3.4 indicates that the stock has enough upside potential. It also looks attractive with respect to a forward price-to-earnings multiple of 10.6x versus industry’s 13.8x. Over the last five years, the stock has traded as high as 22X and as low as 10.03X, with the median being at 17.04X.
Thoughts?
I wouldn't consider TPR anything more than a speculative buy.
BBB- credit rating and no dividend raises since 2013 pretty much disqualifies it as a DGI stock.