Tapestry, Inc. (NYSE:TPR) had its target price upped by Buckingham Research from $48.00 to $50.00 in a report released on Wednesday. The firm currently has a buy rating on the luxury accessories retailer’s stock.
Several other brokerages also recently commented on TPR. Citigroup Inc. began coverage on shares of Tapestry in a research report on Thursday, November 2nd. They issued a positive rating and a $50.00 price target for the company. Susquehanna Bancshares Inc began coverage on shares of Tapestry in a research report on Thursday, November 2nd. They issued a positive rating and a $50.00 target price for the company. Four investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of $49.50.
Tapestry (NYSE TPR) traded up $0.66 during midday trading on Wednesday, reaching $40.82. 3,956,206 shares of the company’s stock traded hands, compared to its average volume of 3,355,745. Tapestry has a 1 year low of $34.16 and a 1 year high of $48.85. The company has a current ratio of 5.24, a quick ratio of 4.62 and a debt-to-equity ratio of 0.53. The company has a market cap of $11,420.51, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.45.
Tapestry (NYSE:TPR) last posted its quarterly earnings data on Tuesday, November 7th. The luxury accessories retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Tapestry had a net margin of 9.62% and a return on equity of 20.78%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. equities research analysts anticipate that Tapestry will post 2.36 earnings per share for the current year.
An institutional investor recently bought a new position in Tapestry stock. LMR Partners LLP purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,685 shares of the luxury accessories retailer’s stock, valued at approximately $229,000. 86.63% of the stock is owned by institutional investors and hedge funds.
Tapestry Company Profile
Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.
Receive News & Ratings for Tapestry Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry Inc. and related companies with MarketBeat.com's FREE daily email newsletter.