Tapestry, Inc. (NYSE:TPR) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors increased its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 97.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,505 shares of the luxury accessories retailer's stock after purchasing an additional 11,131 shares during the period. Captrust Financial Advisors' holdings in Tapestry were worth $1,057,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in shares of Tapestry by 125.0% during the first quarter. Cetera Investment Advisers now owns 53,156 shares of the luxury accessories retailer's stock valued at $2,524,000 after buying an additional 29,529 shares during the last quarter. Cetera Advisors LLC boosted its stake in Tapestry by 110.1% in the first quarter. Cetera Advisors LLC now owns 16,175 shares of the luxury accessories retailer's stock valued at $768,000 after acquiring an additional 8,476 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Tapestry by 5.7% in the second quarter. QRG Capital Management Inc. now owns 12,617 shares of the luxury accessories retailer's stock valued at $540,000 after acquiring an additional 678 shares in the last quarter. Czech National Bank grew its holdings in Tapestry by 8.5% in the second quarter. Czech National Bank now owns 43,785 shares of the luxury accessories retailer's stock worth $1,874,000 after purchasing an additional 3,433 shares during the last quarter. Finally, M&G Plc lifted its holdings in shares of Tapestry by 2.9% during the 2nd quarter. M&G Plc now owns 238,905 shares of the luxury accessories retailer's stock valued at $10,273,000 after purchasing an additional 6,674 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the firm'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 value 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 trade represents a 20.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Tapestry from $51.00 to $66.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Telsey Advisory Group boosted 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. Evercore ISI increased their price objective on shares of Tapestry from $47.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Guggenheim boosted their target price on shares of Tapestry from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group upped their price target on shares of Tapestry from $58.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Tapestry has an average rating of "Moderate Buy" and an average target price of $57.78.

Tapestry Stock Performance

NYSE:TPR traded up $0.03 during trading hours on Monday, reaching $62.28. The company had a trading volume of 5,786,887 shares, compared to its average volume of 3,498,986. 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 $33.29 and a 1-year high of $65.30. The business's 50 day moving average price is $51.92 and its 200-day moving average price is $45.21. The firm has a market cap of $14.51 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.16 and a beta of 1.60.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. Tapestry's dividend payout ratio (DPR) is presently 40.46%.

About Tapestry

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.