Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Tapestry, Inc. (NYSE:TPR)

Generali Investments CEE investicni spolecnost a.s. bought a new position in Tapestry, Inc. (NYSE:TPR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,000 shares of the luxury accessories retailer's stock, valued at approximately $261,000.

Other institutional investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its position in shares of Tapestry by 1.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 8,878 shares of the luxury accessories retailer's stock valued at $580,000 after buying an additional 163 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Tapestry by 0.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 19,303 shares of the luxury accessories retailer's stock valued at $1,261,000 after acquiring an additional 170 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Tapestry by 13.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,586 shares of the luxury accessories retailer's stock valued at $104,000 after purchasing an additional 182 shares during the period. E Fund Management Co. Ltd. grew its position in Tapestry by 1.6% in the 4th quarter. E Fund Management Co. Ltd. now owns 12,744 shares of the luxury accessories retailer's stock worth $833,000 after purchasing an additional 200 shares during the period. Finally, Valley National Advisers Inc. raised its stake in Tapestry by 0.5% during the 4th quarter. Valley National Advisers Inc. now owns 43,355 shares of the luxury accessories retailer's stock valued at $2,831,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

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Tapestry Stock Performance

Shares of NYSE TPR traded up $1.32 during mid-day trading on Tuesday, hitting $72.02. 3,057,121 shares of the company were exchanged, compared to its average volume of 3,683,973. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.57. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 1.78. Tapestry, Inc. has a 1-year low of $35.23 and a 1-year high of $90.85. The stock has a 50 day simple moving average of $76.32 and a 200-day simple moving average of $60.01.

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

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.94%. Tapestry's dividend payout ratio (DPR) is presently 40.58%.

Analyst Ratings Changes

Several equities analysts recently weighed in on TPR shares. Daiwa America upgraded Tapestry to a "hold" rating in a research report on Monday, November 18th. Morgan Stanley reiterated an "equal weight" rating and set a $65.00 target price on shares of Tapestry in a research report on Tuesday, January 21st. Jefferies Financial Group increased 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. UBS Group increased their price objective on shares of Tapestry from $70.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Evercore ISI increased their target price on Tapestry from $68.00 to $74.00 and gave the company an "outperform" rating in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $78.53.

Insider Transactions at Tapestry

In other news, CFO Scott A. Roe sold 25,727 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $86.56, for a total transaction of $2,226,929.12. Following the completion of the transaction, the chief financial officer now owns 146,587 shares in the company, valued at approximately $12,688,570.72. This trade represents a 14.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Todd Kahn sold 7,786 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $87.59, for a total value of $681,975.74. Following the sale, the chief executive officer now owns 201,531 shares of the company's stock, valued at $17,652,100.29. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,537 shares of company stock valued at $5,730,589. 1.18% of the stock is currently owned by corporate insiders.

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.