Tapestry (TPR) Price Target Raised to $46.00 at BMO Capital Markets
Tapestry (NYSE:TPR) had its target price upped by BMO Capital Markets from $42.00 to $46.00 in a report released on Wednesday morning. BMO Capital Markets currently has a market perform rating on the luxury accessories retailer’s stock.
Other equities analysts have also issued research reports about the stock. Robert W. Baird set a $50.00 price objective on shares of Tapestry and gave the stock a buy rating in a research note on Friday, December 22nd. William Blair reaffirmed a buy rating on shares of Tapestry in a research note on Saturday, October 21st. KeyCorp set a $53.00 target price on shares of Tapestry and gave the company a buy rating in a research note on Wednesday, October 11th. UBS Group decreased their target price on shares of Tapestry from $50.00 to $48.00 and set a buy rating for the company in a research note on Wednesday, November 8th. Finally, Buckingham Research lifted their target price on shares of Tapestry from $48.00 to $50.00 and gave the company a buy rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $50.23.
Tapestry (NYSE:TPR) opened at $50.10 on Wednesday. Tapestry has a 52 week low of $36.69 and a 52 week high of $50.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.90 and a quick ratio of 1.25. The company has a market cap of $13,940.07, a P/E ratio of 44.73, a P/E/G ratio of 1.75 and a beta of 0.59.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. bought a new position in Tapestry in the 4th quarter worth $287,354,000. Jennison Associates LLC bought a new position in Tapestry in the 4th quarter worth $181,887,000. Miller Howard Investments Inc. NY bought a new position in Tapestry in the 4th quarter worth $78,023,000. ANTIPODES PARTNERS Ltd bought a new position in Tapestry in the 4th quarter worth $77,642,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Tapestry in the 4th quarter worth $49,821,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.
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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.
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