Tapestry (NYSE:TPR) had its price objective raised by research analysts at Barclays from $47.00 to $51.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “equal weight” rating on the luxury accessories retailer’s stock. Barclays’ price target indicates a potential upside of 4.40% from the company’s previous close.

TPR has been the subject of a number of other reports. Canaccord Genuity set a $58.00 target price on Tapestry and gave the company a “buy” rating in a research note on Sunday, January 7th. Buckingham Research boosted their target price on Tapestry from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup assumed coverage on Tapestry in a research note on Thursday, November 2nd. They issued a “positive” rating and a $50.00 target price for the company. BMO Capital Markets boosted their target price on Tapestry from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Cowen reissued a “buy” rating and issued a $54.00 target price on shares of Tapestry in a research note on Wednesday, January 31st. One investment 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.23.

Shares of Tapestry (NYSE TPR) opened at $48.85 on Wednesday. The company has a market capitalization of $13,890.00, a PE ratio of 43.62, a P/E/G ratio of 1.75 and a beta of 0.59. The company has a quick ratio of 1.25, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. Tapestry has a fifty-two week low of $36.69 and a fifty-two week high of $50.71.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Tuesday, February 6th. The luxury accessories retailer reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Tapestry had a return on equity of 23.68% and a net margin of 6.14%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. equities analysts expect that Tapestry will post 2.5 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hexavest Inc. acquired a new position in Tapestry during the fourth quarter valued at approximately $106,000. First Dallas Securities Inc. acquired a new position in Tapestry during the fourth quarter valued at approximately $108,000. Dupont Capital Management Corp acquired a new position in Tapestry during the fourth quarter valued at approximately $110,000. Cerebellum GP LLC acquired a new position in Tapestry during the fourth quarter valued at approximately $118,000. Finally, American Research & Management Co. acquired a new position in Tapestry during the fourth quarter valued at approximately $129,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tapestry (NYSE:TPR)

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