Takeaway: Please note we are removing TPR (long) from Investing Ideas today.

"Despite solid numbers, Tapestry (TPR) is signaling lower-lows as its sub-sector sees stocks crash," writes CEO Keith McCullough. "I don’t want to wear that baggage for now. Happy to come back to the idea at a lower price."

**No change to Retail analyst Brian McGough's fundamental long thesis on Tapestry. Click here to our analyst's original stock report on the company.