Equities research analysts at Needham & Company LLC assumed coverage on shares of Tapestry (NYSE:TPR) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the luxury accessories retailer’s stock.
A number of other research analysts have also commented on TPR. Buckingham Research set a $48.00 price objective on Tapestry and gave the company a “buy” rating in a research report on Friday, October 6th. TheStreet lowered Tapestry from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. Cowen reiterated a “buy” rating and issued a $46.00 price objective on shares of Tapestry in a research report on Thursday, September 28th. Susquehanna Bancshares assumed coverage on Tapestry in a research report on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price objective on the stock. Finally, Robert W. Baird set a $49.00 price objective on Tapestry and gave the company a “buy” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.70.
Tapestry (NYSE:TPR) opened at $43.48 on Monday. The company has a market capitalization of $12,179.79, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.74 and a quick ratio of 1.25. Tapestry has a 12-month low of $34.16 and a 12-month high of $48.85.
Institutional investors have recently modified their holdings of the stock. M&R Capital Management Inc. acquired a new stake in Tapestry during the 3rd quarter worth $153,000. LMR Partners LLP acquired a new stake in Tapestry during the 3rd quarter worth $229,000. Point View Wealth Management Inc. acquired a new stake in Tapestry during the 3rd quarter worth $552,000. New Mexico Educational Retirement Board acquired a new stake in Tapestry during the 3rd quarter worth $1,051,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Tapestry during the 3rd quarter worth $4,916,000. 87.63% of the stock is currently owned by institutional investors and hedge funds.
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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.
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