In a report issued on August 14, Erinn Murphy from Piper Jaffray reiterated a Buy rating on Tapestry Inc (NYSE: TPR), with a price target of $59. The company’s shares opened today at $51.75.
According to TipRanks.com, Murphy is a 1-star analyst with an average return of -0.3% and a 48.5% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.
Currently, the analyst consensus on Tapestry Inc is a Strong Buy with an average price target of $58.91, representing a 13.8% upside. In a report issued on July 31, UBS also reiterated a Buy rating on the stock with a $59 price target.
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Tapestry Inc’s market cap is currently $14.99B and has a P/E ratio of 38.01. The company has a Price to Book ratio of 4.78.
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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 consists of Coach brand sales to consumers through stores, including the Internet, and sales to wholesale customers.
