Barclays (LON:BARC) analyst Adrienne Yih maintained a Buy rating on Tapestry (NYSE:TPR) on Wednesday, setting a price target of $64, which is approximately 56.79% above the present share price of $40.82.
Yih expects Tapestry to post earnings per share (EPS) of $0.82 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Tapestry, with an average price target of $54.33.
The analysts price targets range from a high of $64 to a low of $43.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.48 billion and a net profit of $295 million. The company's market cap is $11.23 billion.
According to TipRanks.com, Barclays analyst Adrienne Yih is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 56.42% success rate.
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.