Tapestry Inc (NYSE:TPR) has been given an average recommendation of “Buy” by the thirty-six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty-four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $49.91.

TPR has been the topic of a number of research reports. Robert W. Baird set a $49.00 target price on shares of Tapestry and gave the company a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of Tapestry from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 17th. William Blair reissued a “buy” rating on shares of Tapestry in a research report on Saturday, October 21st. Citigroup initiated coverage on shares of Tapestry in a research report on Thursday, November 2nd. They set a “positive” rating and a $50.00 target price on the stock. Finally, Susquehanna Bancshares initiated coverage on shares of Tapestry in a research report on Thursday, November 2nd. They set a “positive” rating and a $50.00 target price on the stock.

In other Tapestry news, insider Sarah Dunn sold 6,229 shares of Tapestry stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $48.23, for a total transaction of $300,424.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Todd Kahn sold 4,357 shares of Tapestry stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $49.13, for a total transaction of $214,059.41. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hexavest Inc. acquired a new stake in Tapestry during the 4th quarter valued at approximately $106,000. First Dallas Securities Inc. acquired a new stake in Tapestry during the 4th quarter valued at approximately $108,000. Dupont Capital Management Corp acquired a new stake in Tapestry during the 4th quarter valued at approximately $110,000. Cerebellum GP LLC acquired a new stake in Tapestry during the 4th quarter valued at approximately $118,000. Finally, American Research & Management Co. acquired a new stake in Tapestry during the 4th quarter valued at approximately $129,000. Institutional investors and hedge funds own 87.97% of the company’s stock.

Tapestry (NYSE TPR) traded up $0.34 during midday trading on Friday, reaching $50.49. 2,590,000 shares of the company’s stock were exchanged, compared to its average volume of 3,130,000. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14,360.00, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.59. Tapestry has a 1-year low of $37.53 and a 1-year high of $50.99.

Tapestry (NYSE:TPR) last posted its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. equities research analysts expect that Tapestry will post 2.56 earnings per share for the current year.

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Tapestry Company Profile

Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.

Analyst Recommendations for Tapestry (NYSE:TPR)

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