Tapestry Likely To Report Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Tapestry, Inc. (NYSE:TPR) is projected to release financial results for its fiscal 2024 first quarter, before the opening bell on Nov. 9, 2023.

Analysts expect the company to post quarterly earnings at 90 cents per share, up from year-ago earnings of 79 cents per share. The company’s revenue might come in at $1.54 billion, compared to $1.5 billion in the year-ago period.

Tapestry reported weaker-than-expected results for its fourth quarter.

Tapestry shares fell 0.1% to close at $27.46 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Ike Boruchow maintained an Overweight rating and cut the price target from $55 to $40 on Sept. 11, 2023. This analyst has an accuracy rate of 67%.
• UBS analyst Jay Sole maintained a Neutral rating and cut the price target from $44 to $39 on Sept. 7, 2023. This analyst has an accuracy rate of 70%.
• Guggenheim analyst Robert Drbul reiterated a Buy rating with a price target of $60 on Aug. 23, 2023. This analyst has an accuracy rate of 62%.
• Citigroup analyst Paul Lejuez maintained a Buy rating and lowered the price target from $50 to $48 on Aug. 18, 2023. This analyst has an accuracy rate of 66%.
• JP Morgan analyst Matthew Boss maintained an Overweight rating and raised the price target from $54 to $56 on Aug. 18, 2023. This analyst has an accuracy rate of 67%.

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