Tapestry Inc. (TPR) Set to Benefit from Strong Black Friday Sales Amid Luxury Sector Resilience

Tapestry (TPR) could benefit from strong Black Friday sales, as luxury apparel and accessories experienced a 21% year-over-year increase. Despite a 4% decline in luxury retail visits, luxury sales in the US are projected to grow 6% year-over-year. Tapestry's financial performance shows a robust business model with a revenue of $7.21 billion and an operating margin of 18.67%. However, the company's high debt-to-equity ratio and valuation metrics indicate potential overvaluation. Analyst sentiment remains cautiously optimistic with a target price of $121.85.