Susquehanna Bancshares Inc Begins Coverage on Tapestry, Inc. (TPR)
Susquehanna Bancshares Inc assumed coverage on shares of Tapestry, Inc. (NYSE:TPR) in a research note published on Thursday morning, MarketBeat reports. The firm issued a positive rating and a $50.00 target price on the luxury accessories retailer’s stock.
Separately, Citigroup Inc. began coverage on Tapestry in a report on Thursday. They issued a positive rating and a $50.00 price objective for the company.
Tapestry (NYSE TPR) traded down $0.20 on Thursday, hitting $41.15. The stock had a trading volume of 3,003,965 shares, compared to its average volume of 2,821,686. The company has a current ratio of 5.24, a quick ratio of 4.62 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $11,692.07, a PE ratio of 19.05, a PEG ratio of 1.57 and a beta of 0.45.
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Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.
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