Tapestry (TPR) Gets a Hold Rating from Barclays

By Jason Carr

In a report released yesterday, Adrienne Tennant from Barclays maintained a Hold rating on Tapestry (TPRResearch Report), with a price target of $18.00. The company’s shares closed last Thursday at $15.70.

According to TipRanks.com, Tennant is a 2-star analyst with an average return of 0.0% and a 43.0% success rate. Tennant covers the Services sector, focusing on stocks such as National Vision Holdings, Dick’s Sporting Goods, and Burlington Stores.

Tapestry has an analyst consensus of Moderate Buy, with a price target consensus of $24.21, a 54.7% upside from current levels. In a report issued on March 25, Goldman Sachs also maintained a Hold rating on the stock with a $14.00 price target.

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Tapestry’s market cap is currently $4.33B and has a P/E ratio of 7.30. The company has a Price to Book ratio of 25.62.

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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. The Coach segment consists global sales of coach brand products to customers through coach operated stores, including the internet and concession shop-in-shops, and sales to wholesale customers, and through independent third party distributors. The Kate Spade segment focuses on Kate Spade New York brand products to customers through Kate Spade operated stores, including the Internet, sales to wholesale customers, through concession shop-in-shops and through independent third party distributors. The Stuart Weitzman segment comprises Stuart Weitzman brand products primarily through Stuart Weitzman operated stores. The Corporate segment represents certain costs that are not directly distributed to a brand. The company was founded by Dawn Hughes in 1941 and is headquartered in New York, NY.