Tapestry – Consensus indicates potential rise of 4.7%

Tapestry found using ticker (TPR) now have 26 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 35 and 16.5 and has an average target of 27.21. Given that the previous close for shares was at 26, this would indicate that there is a potential upside of 4.7%. The 50-day moving average is now at 20.12 and the 200-day moving average is now at 15.93. The company has a market capitalization of $ 7,029 million. Company website: http://www.tapestry.com

Tapestry provides luxury accessories and branded lifestyle products to USA, Japan, China, Hong Kong, Macau, Taiwan, Europe, Canada, South Korea, Malaysia, in Singapore, Australia and New Zealand. The company operates through three segments: Coach, Kate Spade and Stuart Weitzman. The company offers accessories for women, including handbags, such as wallets, silver coins, bracelets and cosmetic cases; novelty accessories including address books, time management and travel accessories, sketchbooks and portfolios; and key chains and charms. It also offers collections of bags, including business cases, computer bags, messenger style bags, backpacks and tote bags; small leather goods, such as wallets, card cases, travel organizers and belts; and men’s shoes, watches, sunglasses, novelty accessories and ready-to-wear. In addition, the company offers shoes for women; Sun glasses; bracelets, necklaces, rings and earrings; perfumes and watches; women’s seasonal lifestyle clothing collections which include outerwear and ready-to-wear, and cold weather accessories, which include gloves, scarves and hats. In addition, it offers ready-to-wear items and children’s shoes; fashionable bedding and tableware; and stationery and gifts. In addition, the company licenses the rights to market and distribute its eyewear, watches, perfumes and technological accessories under the Coach brand; and fashion bedding, tableware, eyewear, watches, stationery and gifts, and tech accessories under the Kate Spade brand. It sells its products to consumers through a network of 958 Coach stores, 420 Kate Spade stores and 131 Stuart Weitzman stores, including Internet and concession stores; and wholesale customers, as well as through independent third-party distributors. The company was previously known as Coach and changed its name to Tapestry in October 2017. Tapestry was founded in 1941 and is headquartered in New York, New York.

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Jennifer Amaro

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