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Tapestry (TPR) Receives a Buy from Telsey Advisory

Tipranks - Tipranks - Thu May 28, 9:00AM CDT

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Tapestry today and set a price target of $160.00.

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Telsey covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Ross Stores, and Burlington Stores. According to TipRanks, Telsey has an average return of -0.5% and a 40.73% success rate on recommended stocks.

In a report released today, Barclays also maintained a Buy rating on the stock with a $179.00 price target.

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Based on Tapestry’s latest earnings release for the quarter ending March 28, the company reported a quarterly revenue of $1.92 billion and a net profit of $343.8 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $203.3 million

Based on the recent corporate insider activity of 69 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. Earlier this month, Joanne Crevoiserat, the CEO of TPR sold 27,776.00 shares for a total of $3,691,135.82.

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