A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets upped their price target on Tapestry from $55.00 to $60.00 and gave the stock a "market perform" rating in a report on Monday, November 18th. TD Cowen lowered shares of Tapestry from a "buy" rating to a "hold" rating and set a $52.00 price target for the company. in a report on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Tapestry from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Citigroup raised their target price on Tapestry from $49.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on Tapestry from $88.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Tapestry presently has an average rating of "Moderate Buy" and a consensus price target of $74.78.
Read Our Latest Stock Report on Tapestry
Shares of TPR stock opened at $87.68 on Friday. The company has a current ratio of 1.58, a quick ratio of 4.38 and a debt-to-equity ratio of 1.78. The company has a market cap of $18.15 billion, a PE ratio of 25.41, a P/E/G ratio of 2.30 and a beta of 1.58. The company's fifty day simple moving average is $70.11 and its 200-day simple moving average is $54.79. Tapestry has a 52 week low of $35.23 and a 52 week high of $88.07.
Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The luxury accessories retailer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.70 by $0.30. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. During the same period last year, the firm earned $1.63 EPS. As a group, equities research analysts anticipate that Tapestry will post 4.7 EPS for the current year.
Large investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC raised its position in shares of Tapestry by 40.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 519 shares of the luxury accessories retailer's stock worth $34,000 after purchasing an additional 150 shares during the period. Checchi Capital Advisers LLC increased its position in Tapestry by 1.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 8,878 shares of the luxury accessories retailer's stock worth $580,000 after buying an additional 163 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Tapestry by 0.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 19,303 shares of the luxury accessories retailer's stock valued at $1,261,000 after buying an additional 170 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Tapestry by 13.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,586 shares of the luxury accessories retailer's stock valued at $104,000 after acquiring an additional 182 shares during the period. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of Tapestry by 1.6% during the fourth quarter. E Fund Management Co. Ltd. now owns 12,744 shares of the luxury accessories retailer's stock valued at $833,000 after acquiring an additional 200 shares during the period. Institutional investors own 90.77% of the company's stock.
Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.
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