Robert W. Baird analyst Mark Altschwager reiterated a Buy rating on Tapestry Inc (NYSE: TPR) on August 14 and set a price target of $62. The company’s shares opened today at $51.75.
According to TipRanks.com, Altschwager is a 4-star analyst with an average return of 7.7% and a 45.2% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Urban Outfitters, and Michael Kors.
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.
.
See today’s analyst top recommended stocks >>
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 3.09M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
