Consumer Stock Standouts: Tapestry, Dollar Tree, Wynn Resorts Emerge As Top Weekly Winners

Consumer stocks delivered mixed performance last week, with the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.1%, registering its third straight week of gains. The Consumer Staples Select Sector SPDR Fund (XLP) declined 1.7%.

Here are last week's top performers from the sector:

Tapestry (weekly gain 9.1%)

The luxury accessories and lifestyle brands’ stock marked its fourth straight week of gains last week, which saw Barclays raise its price target on it by $7 to $98. The investment bank reaffirmed its 'Overweight' rating.

Tapestry is high on investors' radar after it raised its full-year forecast in May, and analysts say its Coach brand is seeing strong uptake.

Dollar Tree (weekly gain 7.3%)

The weekly gains for the discount store chain's stock last week were its best since the week ending March 24.

Dollar Tree announced that its board authorized a plan to buy back company shares worth $2.5 billion. The company also said it completed the sale of its Family Dollar business to Brigade Capital Management and Macellum Capital Management, raising net proceeds of about $800 million.

Wynn Resorts (weekly gain 5.2%)

Casino stocks are in focus after Macau, one of the biggest casino destinations in the world, reported strong business in June. Wynn stock marked its fifth straight week of gains last week.

During the week, UBS raised its price target on the stock by $18 to $101, and Morgan Stanley raised its target to $111 from $101.

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