Tapestry, Inc. (TPR)'s Turnaround Example Needs To Be Followed, Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Discussed In An Episode Examining Turnarounds. Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer recently discussed.

Tapestry, Inc. (NYSE:TPR) is a high-end American accessories, footwear, and jewelry company. Cramer’s previous comments about the firm have raised the point that the firm offers consumers high-value products. Value in this sense, according to the CNBC host, does not mean low price but quality at a reasonable price. Cramer has also appreciated Tapestry, Inc. (NYSE:TPR)’s Coach brand by commenting that in hard times, you simply “eat” your competitors instead of trying to take them over. Tapestry, Inc. (NYSE:TPR) is currently executing a turnaround with its Kate Spade brand by simplifying its product lineup and attracting younger shoppers. During this episode, Cramer and co-host David Faber discussed turnarounds and Cramer used Tapestry, Inc. (NYSE:TPR) as an example for others, such as Target:

“Everybody has to do something like Tapestry. Everybody. My great friend Sarah Eisen did a terrific interview with Tapestry. And I think that turnarounds can happen. Turnarounds are real. They’re hard though.”

Here is what Cramer said abut Tapestry, Inc. (NYSE:TPR) on August 16th:

“[On shares being down due to impact from tariffs] Now there’s one where if you want to have a consumer price index problem, I didn’t that there’s was going to be as bad as it is. And that’s Coach. And you know, wow, I mean they didn’t signal that beforehand. It was kind of, quizzical.”

While we acknowledge the potential of TPR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.