Tapestry with ticker code (TPR) now have 21 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 63 and 30 with the average target price sitting at 45.72. Now with the previous closing price of 33.4 this indicates there is a potential upside of 36.9%. The 50 day MA is 33.78 while the 200 day moving average is 38.48. The company has a market cap of $8,647m. You can visit the company’s website by visiting: https://www.tapestry.com
The potential market cap would be $11,836m based on the market concensus.
Tapestry provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women’s accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. It also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men. In addition, the company offers women’s footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women’s seasonal lifestyle apparel collections that include outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, it provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, the company licenses rights to market and distribute its jewelry, eyewear, watches, fragrances, and tech accessories under the Coach brand; and fashion beddings, tableware and housewares, eyewear, watches, stationery and gifts, and tech accessories under the Kate Spade brand. As of July 3, 2021, it operated through a network of 939 Coach stores, 407 Kate Spade stores, and 104 Stuart Weitzman stores. The company sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. The company was formerly known as Coach and changed its name to Tapestry in October 2017. Tapestry was founded in 1941 and is based in New York, New York.
