Consensus Indicates Potential 48.2{a38ddb2ded6b05e28c8ae73a8db0e271c21f7193684bd9e4e28acae292f81d99} Upside

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Tapestry with ticker code (TPR) have now 24 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 34 and 12 with the average target price sitting at 18.75. With the stocks previous close at 12.65 this would imply there is a potential upside of 48.2{a38ddb2ded6b05e28c8ae73a8db0e271c21f7193684bd9e4e28acae292f81d99}. The day 50 moving average is 14.23 while the 200 day moving average is 18.92. The market capitalisation for the company is $3,589m. Company Website: https://www.tapestry.com

Tapestry provides luxury accessories and branded lifestyle products in the United States, Japan, China, Hong Kong, Macau, Europe, Canada, Taiwan, South Korea, Malaysia, Australia, New Zealand, and Singapore. The company operates through three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management accessories, travel accessories, sketchbooks, and portfolios; key rings; and charms. The company 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, it offers women’s footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; various women’s seasonal lifestyle apparel collections that include outerwear; and ready-to-wear and cold weather accessories, which comprise gloves, scarves, and hats. Further, the company provides kids ready-to-wear items; fashion bedding and tableware; and stationery and gifts. Additionally, it licenses rights to market and distribute its eyewear, watches, and fragrances under the Coach brand; and fashion beddings, eyewear, footwear, tableware, stationery and gifts, tech accessories, and watches under the Kate Spade brand. The company sells its products to consumers through a network of Coach, Kate Spade, and Stuart Weitzman operated stores, including the Internet and concession shop-in-shops; and wholesale customers, as well as through independent third party distributors. As of June 29, 2019, it operated 1,540 stores. The company was formerly known as Coach and changed its name to Tapestry in October 2017. Tapestry was founded in 1941 and is headquartered in New York, New York.