Tapestry Inc (TPR) Received its Third Buy in a Row

After UBS and Morgan Stanley gave Tapestry Inc (NYSE: TPR) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Ike Boruchow maintained a Buy rating on Tapestry Inc yesterday. The company’s shares closed last Monday at $19.45, close to its 52-week low of $18.54.

According to TipRanks.com, Boruchow is a 1-star analyst with an average return of -1.6% and a 43.1% success rate. Boruchow covers the Services sector, focusing on stocks such as Capri Holdings Limited, Burlington Stores, and Urban Outfitters.

Tapestry Inc has an analyst consensus of Moderate Buy, with a price target consensus of $32.45, which is a 48.2% upside from current levels. In a report issued on August 6, UBS also maintained a Buy rating on the stock with a $46 price target.

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Tapestry Inc’s market cap is currently $7.25B and has a P/E ratio of 8.02. The company has a Price to Book ratio of 1.60.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.

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