In a report released yesterday, Robert Drbul from Guggenheim maintained a Buy rating on Tapestry Inc (NYSE: TPR), with a price target of $60. The company’s shares closed yesterday at $46.37.
According to TipRanks.com, Drbul is a top 100 analyst with an average return of 17.7% and a 78.6% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Lululemon Athletica Inc, and Ascena Retail Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tapestry Inc with a $59.56 average price target, a 28.4% upside from current levels. In a report issued on June 21, UBS also initiated coverage with a Buy rating on the stock with a $62 price target.
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The company has a one-year high of $55.50 and a one-year low of $38.70. Currently, Tapestry Inc has an average volume of 3.4M.
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Tapestry, Inc. engages in the provision of modern luxury accessories and lifestyle brands. It operates through the following segments: North America, International, and Stuart Weitzman. The North America segment comprises of brand sales to consumers through stores, including the Internet, and sales to wholesale customers.
