Telsey Advisory Remains a Buy on Tapestry (TPR)

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Tapestry today and set a price target of $150.00.

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According to TipRanks, Telsey is a 3-star analyst with an average return of 2.2% and a 42.19% success rate. Telsey covers the Consumer Cyclical sector, focusing on stocks such as Urban Outfitters, Gap Inc, and Tapestry.

In addition to Telsey Advisory, Tapestry also received a Buy from Goldman Sachs’s Brooke Roach in a report issued today. However, yesterday, UBS maintained a Hold rating on Tapestry (NYSE: TPR).

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.