Jim Cramer Discusses These 13 Stocks & Says Calm Down Everyone

2. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders In Q4 2024: 57

Tapestry, Inc. (NYSE:TPR) is a well-known firm that owns brands such as Coach and Spade. Its relatively affluent clientele has allowed the firm to withstand the storm that has hit the broader retail market over the past year or so. Tapestry, Inc. (NYSE:TPR)’s shares are up by 45.7% over the past year but have lost 22% since mid-February. In his previous remarks about the firm, Cramer urged viewers to not give up on the stock since it was undergoing some turbulence. Here are his latest comments about Tapestry, Inc. (NYSE:TPR):

“And Tapestry today. . .that’s just zeitgeist. That’s just people saying well look I. . .we’re pulling back, I’m going to get away from these uh expensive so to speak, apparel companies. And they’re not that expensive. But, it does, it’s worrisome, because no one can come out and say, hey listen, that’s not true. You have a zeitgeist moment that is really affecting everything. It’s a shame. Doesn’t have to be this way.”