Merrill Lynch analyst Lorraine Hutchinson reiterated a buy recommendation on tapestry (NYSE: TPR) on Monday with a target price of $ 40, roughly 2870% above the current share price of $ 3108

Hutchinson expects Tapestry to have earnings per share (EPS) of $ 084 for the first quarter of 2021

The current consensus among 16 TipRanks analysts is a moderate buy rating for Tapestry shares with an average price target of $ 30.53 Analysts’ price targets range from a high of $ 40 to a low of $ 19

In his latest earnings report, released on Jan.09Released in 2020, the company reported quarterly sales of $ 1.17 billion and net income of $ 202.2 million. The company’s market capitalization is $ 862 billion

According to TipRankscom, Merrill Lynch analyst Lorraine Hutchinson is currently rated 4 stars on a 0-5 star ranking with an average return of 6-9% and a 5625% success rate

Tapestry, Inc is committed to the supply of luxury accessories and lifestyle brands The company operates in the following segments: Coach, Kate Spade, Stuart Weitzman and Corporate The Coach segment comprises the worldwide sale of Coach branded products to customers through bus-operated stores, including the Internet and concession shop-in-shops, as well as wholesale and independent third-party sales. The Kate Spade segment focuses on Kate Spade New York branded products to customers through Kate Spade-operated stores, including Internet, wholesale sales via Shop-in-shops with concessions and through independent third-party vendors The Stuart Weitzman segment includes Stuart Weitzman branded products, primarily through Stuart Weitzman-operated stores The business segment represents certain costs that are not directly allocated to a brand.The company was founded in 1941 by Dawn Hughes founded and has his Headquarters in New York, NY

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Tapestry

World News – UK – Merrill Lynch Follow their tapestry buy recommendation

Source: https://www.investing.com/news/merrill-lynch-stick-to-their-buy-rating-for-tapestry-2379251