Several analysts have recently updated their ratings and price targets for Tapestry (NYSE: TPR):

  • 2/7/2018 – Tapestry had its price target raised by analysts at Barclays PLC from $47.00 to $51.00. They now have an “equal weight” rating on the stock.
  • 2/7/2018 – Tapestry had its price target raised by analysts at Buckingham Research from $55.00 to $56.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – Tapestry had its price target raised by analysts at BMO Capital Markets from $42.00 to $46.00. They now have a “market perform” rating on the stock.
  • 2/7/2018 – Tapestry had its price target raised by analysts at Bank of America Corp from $47.00 to $50.00. They now have a “neutral” rating on the stock.
  • 2/7/2018 – Tapestry had its price target raised by analysts at KeyCorp from $53.00 to $59.00. They now have an “overweight” rating on the stock.
  • 2/7/2018 – Tapestry had its price target raised by analysts at Royal Bank of Canada to $53.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Tapestry had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $55.00 price target on the stock, up previously from $50.00.
  • 2/7/2018 – Tapestry was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/6/2018 – Tapestry was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 2/6/2018 – Tapestry had its “outperform” rating reaffirmed by analysts at William Blair.
  • 2/6/2018 – Tapestry had its “hold” rating reaffirmed by analysts at BMO Capital Markets.
  • 2/6/2018 – Tapestry was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $54.00 price target on the stock.
  • 2/5/2018 – Tapestry was given a new $58.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 2/5/2018 – Tapestry was given a new $48.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 1/31/2018 – Tapestry had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $54.00 price target on the stock.
  • 1/25/2018 – Tapestry was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The buyouts of Stuart Weitzman and Kate Spade are viewed as a significant step toward becoming a multi-brand company. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts have not only aided the stock to outpace the industry but also helped post positive earnings surprise for the 15th quarter in row, when it reported first-quarter fiscal 2018 results. However, earnings declined in spite of an increase in top line, and margins also remained under pressure. Further, net sales fell short of the consensus mark due to drop in comps at Coach brand. Nevertheless, with comps trend improving in the second quarter management retained its fiscal view and raised Kate Spade synergies outlook.”
  • 1/11/2018 – Tapestry was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The buyouts of Stuart Weitzman and Kate Spade are viewed as a significant step toward becoming a multi-brand company. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts have not only aided the stock to outpace the industry but also helped post positive earnings surprise for the 15th quarter in row, when it reported first-quarter fiscal 2018 results. However, earnings declined in spite of an increase in top line, and margins also remained under pressure. Further, net sales fell short of the consensus mark due to drop in comps at Coach brand. Nevertheless, with comps trend improving in the second quarter management retained its fiscal view and raised Kate Spade synergies outlook.”
  • 1/8/2018 – Tapestry was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The buyouts of Stuart Weitzman and Kate Spade are viewed as a significant step toward becoming a multi-brand company. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts have not only aided the stock to outpace the industry but also helped post positive earnings surprise for the 15th quarter in row, when it reported first-quarter fiscal 2018 results. However, earnings declined in spite of an increase in top line, and margins also remained under pressure. Further, net sales fell short of the consensus mark due to drop in comps at Coach brand. Nevertheless, with comps trend improving in the second quarter management retained its fiscal view and raised Kate Spade synergies outlook.”
  • 1/7/2018 – Tapestry was given a new $58.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 12/22/2017 – Tapestry was given a new $50.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 12/18/2017 – Tapestry is now covered by analysts at Needham & Company LLC. They set a “hold” rating on the stock.

Shares of Tapestry Inc (NYSE TPR) opened at $49.06 on Monday. The firm has a market cap of $14,140.00, a PE ratio of 43.80, a P/E/G ratio of 1.70 and a beta of 0.59. Tapestry Inc has a 1-year low of $37.53 and a 1-year 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 1.51.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.14% and a return on equity of 23.68%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. analysts forecast that Tapestry Inc will post 2.56 EPS for the current fiscal year.

In related news, insider Sarah Dunn sold 6,229 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.23, for a total value of $300,424.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

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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