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Barclays Sticks to Its Buy Rating for Tapestry (TPR)

Tipranks - Tipranks - Wed Jan 7, 3:12AM CST

Barclays analyst Adrienne Yih maintained a Buy rating on Tapestry today and set a price target of $154.00.

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Yih covers the Consumer Cyclical sector, focusing on stocks such as Gap Inc, Crocs, and Bath & Body Works. According to TipRanks, Yih has an average return of 6.6% and a 51.71% success rate on recommended stocks.

Currently, the analyst consensus on Tapestry is a Strong Buy with an average price target of $132.77.

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Based on Tapestry’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $1.7 billion and a net profit of $274.8 million. In comparison, last year the company earned a revenue of $1.51 billion and had a net profit of $186.6 million

Based on the recent corporate insider activity of 58 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. Last month, Denise Kulikowsky, the CPO of TPR sold 583.00 shares for a total of $67,144.11.

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