Tapestry (TPR) PT Raised to $51.00
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.
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.
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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