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TPR

Tapestry

$49.02

4.05 (9.01%)

07:53
02/07/18
02/07
07:53
02/07/18
07:53

Tapestry price target raised to $53 from $46 at RBC Capital

RBC Capital analyst Brian Tunick raised his price target on Tapestry to $53 after the company's Q2 earnings beat. The analyst cites improvements in the Coach brand global comps as well as the overall boost from the healthy retail environment, with rising traffic and global premium handbag market growth. Tunick keeps his Outperform rating on Tapesty, noting additional market share capture opportunities, 2%-3% margin expansion potential, and free cash flows of nearly $750M leading to more acquisitions over the next 12 months.

TPR Tapestry
$49.02

4.05 (9.01%)

01/05/18
BERN
01/05/18
NO CHANGE
Target $54
BERN
Outperform
Tapestry named a 2018 top pick at Bernstein
Bernstein analyst Jamie Merriman does not believe bears' contention that the turnaround at Coach has stalled after one quarter of negative comps and he thinks that demand for logo bags is a positive sign that the brand is desirable. Merriman, who predicts Coach comps in Q2 and 2018 will be positive, also sees a clear opportunity for margin expansion in Kate Spade, he tells investors. The analyst, who views Tapestry as a 2018 top pick, has an Outperform rating and $54 price target on the shares of Coach's parent.
02/06/18
PIPR
02/06/18
UPGRADE
PIPR
Overweight
Tapestry upgraded to Overweight from Neutral at Piper Jaffray
02/06/18
02/06/18
UPGRADE
Target $54

Overweight
Piper ups Tapestry to Overweight, calls Q2 results 'step in the right direction'
As previously reported, Piper Jaffray analyst Erinn Murphy upgraded Tapestry to Overweight from Neutral, calling the company's Q2 results "a strong step in the right direction." Murphy, who cites evidence of gross margin pressure lessening for Coach along with better sales traction, raised her estimates following the company's report and increased her price target on the stock to $54 from $48.
02/07/18
KEYB
02/07/18
NO CHANGE
Target $59
KEYB
Overweight
Tapestry price target raised to $59 from $53 at KeyBanc
KeyBanc analyst Edward Yruma raised his price target for Tapestry to $59 from $53, citing the company's "very strong" holiday and as he thinks a combination of Coach brand momentum and Kate synergies gives it "some of the strongest" medium-term earnings growth prospects in his coverage. Secular accessory trends seem to be improving, Yruma adds. The analyst reiterates an Overweight rating on the shares.

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