KeyBanc analyst Edward Yruma maintained a Buy rating on Tapestry Inc (TPR) today and set a price target of $30. The company’s shares closed last Monday at $19.45, close to its 52-week low of $18.54.
According to TipRanks.com, Yruma is a 4-star analyst with an average return of 5.0% and a 51.0% success rate. Yruma covers the Services sector, focusing on stocks such as Weight Watchers International, Amazon.com Inc., and Nordstrom Inc.
Currently, the analyst consensus on Tapestry Inc is a Moderate Buy with an average price target of $30.31, a 38.4% upside from current levels. In a report issued on August 6, UBS also maintained a Buy rating on the stock with a $46 price target.
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Based on Tapestry Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $117 million. In comparison, last year the company had a net profit of $212 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.
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