Tapestry (TPR – Research Report) received a Buy rating and price target from Evercore ISI analyst Michael Binetti today. The company’s shares closed last Friday at $40.01.
Binetti covers the Consumer Cyclical sector, focusing on stocks such as Nike, PVH, and Tapestry. According to TipRanks, Binetti has an average return of 5.2% and a 53.55% success rate on recommended stocks.
Tapestry has an analyst consensus of Strong Buy, with a price target consensus of $44.69, implying an 11.70% upside from current levels. In a report released on February 2, Telsey Advisory also maintained a Buy rating on the stock with a $49.00 price target.
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TPR market cap is currently $9.17B and has a P/E ratio of 10.19.
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Tapestry (TPR) Company Description:
Tapestry, Inc. engages in the provision of luxury accessories and lifestyle brands. It operates through the following segments: Coach, Kate Spade, Stuart Weitzman, and Corporate. The Coach segment consists global sales of coach brand products to customers through coach operated stores, including the internet and concession shop-in-shops, and sales to wholesale customers, and through independent third party distributors. The Kate Spade segment focuses on Kate Spade New York brand products to customers through Kate Spade operated stores, including the Internet, sales to wholesale customers, through concession shop-in-shops and through independent third party distributors. The Stuart Weitzman segment comprises Stuart Weitzman brand products primarily through Stuart Weitzman operated stores. The Corporate segment represents certain costs that are not directly distributed to a brand. The company was founded by Dawn Hughes in 1941 and is headquartered in New York, NY.
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