Decker Retirement Planning Inc. Buys Shares of 52,603 Tapestry, Inc. (NYSE:TPR)

Decker Retirement Planning Inc. purchased a new position 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 institutional investor purchased 52,603 shares of the luxury accessories retailer's stock, valued at approximately $3,437,000. Tapestry accounts for approximately 2.0% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Tapestry by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,614,558 shares of the luxury accessories retailer's stock worth $357,732,000 after buying an additional 272,007 shares during the last quarter. Pacer Advisors Inc. increased its position in Tapestry by 1.0% during the third quarter. Pacer Advisors Inc. now owns 6,078,760 shares of the luxury accessories retailer's stock worth $285,580,000 after purchasing an additional 58,135 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tapestry by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,588,879 shares of the luxury accessories retailer's stock valued at $262,156,000 after purchasing an additional 80,681 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tapestry by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,551,778 shares of the luxury accessories retailer's stock valued at $151,965,000 after buying an additional 165,406 shares during the period. Finally, Westfield Capital Management Co. LP raised its position in shares of Tapestry by 14.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,699,067 shares of the luxury accessories retailer's stock worth $79,822,000 after buying an additional 219,544 shares during the period. Hedge funds and other institutional investors own 90.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Telsey Advisory Group upped their price target on Tapestry from $58.00 to $67.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Citigroup raised their price target on shares of Tapestry from $49.00 to $55.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI boosted their price objective on shares of Tapestry from $47.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. UBS Group raised their target price on shares of Tapestry from $57.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Tapestry from $66.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.76.

Insider Transactions at Tapestry

In related news, VP Manesh Dadlani sold 8,872 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.96, for a total transaction of $514,221.12. Following the sale, the vice president now directly owns 35,003 shares of the company's stock, valued at approximately $2,028,773.88. This represents a 20.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.18% of the company's stock.

Tapestry Stock Up 3.0 %

TPR traded up $2.10 during trading on Friday, hitting $71.73. The company had a trading volume of 3,034,350 shares, compared to its average volume of 4,122,958. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.93 and a quick ratio of 4.38. Tapestry, Inc. has a 1-year low of $35.23 and a 1-year high of $72.09. The business has a 50-day moving average of $62.47 and a 200-day moving average of $49.65. The company has a market cap of $16.72 billion, a PE ratio of 20.74, a P/E/G ratio of 1.91 and a beta of 1.58.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, December 6th. Tapestry's dividend payout ratio is presently 40.46%.

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.