4,047 Shares in Tapestry, Inc. (NYSE:TPR) Purchased by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,047 shares of the luxury accessories retailer's stock, valued at approximately $264,000.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Tapestry by 593.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,191,904 shares of the luxury accessories retailer's stock valued at $143,198,000 after purchasing an additional 1,875,753 shares during the last quarter. Norges Bank purchased a new position in shares of Tapestry in the 4th quarter worth approximately $114,199,000. WT Asset Management Ltd bought a new position in shares of Tapestry during the 4th quarter worth approximately $42,762,000. Raymond James Financial Inc. purchased a new stake in Tapestry during the fourth quarter valued at approximately $38,180,000. Finally, Alliancebernstein L.P. boosted its stake in Tapestry by 15.2% in the fourth quarter. Alliancebernstein L.P. now owns 4,137,521 shares of the luxury accessories retailer's stock valued at $270,304,000 after acquiring an additional 546,497 shares in the last quarter. Institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TPR. Evercore ISI upped their price target on Tapestry from $68.00 to $74.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Barclays reduced their target price on Tapestry from $100.00 to $83.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised their price target on Tapestry from $88.00 to $104.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Jefferies Financial Group upped their price objective on shares of Tapestry from $80.00 to $83.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, StockNews.com cut shares of Tapestry from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tapestry has an average rating of "Moderate Buy" and a consensus target price of $78.26.

Insiders Place Their Bets

In other news, CFO Scott A. Roe sold 25,727 shares of Tapestry stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $86.56, for a total value of $2,226,929.12. Following the sale, the chief financial officer now owns 146,587 shares in the company, valued at $12,688,570.72. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Kahn sold 21,107 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $84.00, for a total transaction of $1,772,988.00. Following the sale, the chief executive officer now directly owns 176,985 shares of the company's stock, valued at $14,866,740. This represents a 10.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,537 shares of company stock worth $5,730,589. 1.18% of the stock is owned by corporate insiders.

Tapestry Stock Performance

Shares of TPR stock opened at $68.82 on Monday. Tapestry, Inc. has a 52-week low of $35.23 and a 52-week high of $90.85. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 1.78. The stock has a market cap of $14.25 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The business has a 50-day simple moving average of $72.15 and a 200-day simple moving average of $66.14.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The luxury accessories retailer reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.30. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. During the same period in the prior year, the firm earned $1.63 earnings per share. On average, equities analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Thursday, March 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. Tapestry's dividend payout ratio is currently 40.58%.

Tapestry Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

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