In a report released today, Lorraine Hutchinson from Merrill Lynch reiterated a Buy rating on Tapestry (TPR), with a price target of $35.00. The company’s shares closed last Monday at $28.04.
According to TipRanks.com, Hutchinson is a 3-star analyst with an average return of 1.6% and a 51.0% success rate. Hutchinson covers the Services sector, focusing on stocks such as Nordstrom, L Brands, and Kohl’s.
Tapestry has an analyst consensus of Moderate Buy, with a price target consensus of $30.08, which is a 6.7% upside from current levels. In a report issued on February 7, Needham also assigned a Buy rating to the stock with a $35.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $36.55 and a one-year low of $18.54. Currently, Tapestry has an average volume of 3.66M.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TPR in relation to earlier this year.
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 luxury accessories and lifestyle brands. It operates through the following segments: Coach, Kate Spade, Stuart Weitzman, and Corporate.