Jim Cramer Makes Brief But Important Remark For Tapestry (TPR)

We just covered Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks. Tapestry, Inc. (NYSE:TPR) is one of the stocks discussed by Jim Cramer.

Luxury apparel and consumer goods maker Tapestry, Inc. (NYSE:TPR)’s shares are up by a strong 131% over the past year and by 8.6% year-to-date. A major movement in the stock occurred between February 4th and February 6th when it gained 17%. Tapestry, Inc. (NYSE:TPR) reported its fiscal second-quarter earnings on the 5th. The firm posted $2.5 billion in revenue and $2.69 in adjusted earnings per share to beat analyst estimates of $2.32 billion and $2.22. Additionally, Tapestry, Inc. (NYSE:TPR) also raised its full-year earnings guidance to $6.40 and $6.45 per share from the earlier $5.45 to $5.60. BNP Paribas discussed the stock on February 13th as it initiated coverage with a $176 share price target and a Buy rating. Its coverage came after TD Cowen had raised the share price target to $175 from $150 and kept a Buy rating. Finally, UBS had also bumped Tapestry, Inc. (NYSE:TPR)’s share price target after the earnings. It raised the target to $141 from $125 and kept a Neutral rating on the 9th. Given the overall positive sentiment for the firm, Cramer’s comments are unsurprising:

“I do like Tapestry, I think they’re doing a very good job.”

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