Fiera Capital Corp Has $62.59 Million Stock Position in Tapestry, Inc. (NYSE:TPR)

Fiera Capital Corp lifted its stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,462,721 shares of the luxury accessories retailer's stock after buying an additional 17,497 shares during the quarter. Fiera Capital Corp owned approximately 0.64% of Tapestry worth $62,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC bought a new stake in Tapestry during the second quarter valued at $53,000. Natixis Advisors LLC raised its stake in Tapestry by 43.2% during the second quarter. Natixis Advisors LLC now owns 528,432 shares of the luxury accessories retailer's stock worth $22,612,000 after acquiring an additional 159,358 shares during the period. MUFG Securities EMEA plc lifted its holdings in Tapestry by 34.9% in the second quarter. MUFG Securities EMEA plc now owns 1,226 shares of the luxury accessories retailer's stock worth $52,000 after acquiring an additional 317 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Tapestry by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 33,272 shares of the luxury accessories retailer's stock valued at $1,424,000 after acquiring an additional 450 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Tapestry during the second quarter valued at approximately $84,000. Institutional investors own 90.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TPR. Evercore ISI lowered their price objective on Tapestry from $53.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Wells Fargo & Company cut their price target on Tapestry from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. Argus restated a "buy" rating and issued a $52.00 target price on shares of Tapestry in a research report on Tuesday, June 18th. StockNews.com upgraded Tapestry from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Finally, Bernstein Bank raised their price target on Tapestry from $46.00 to $48.00 in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.13.

Tapestry Price Performance

Tapestry stock traded up $0.60 during mid-day trading on Tuesday, hitting $41.57. The company's stock had a trading volume of 3,986,698 shares, compared to its average volume of 3,308,729. Tapestry, Inc. has a twelve month low of $25.99 and a twelve month high of $48.80. The stock's fifty day moving average price is $40.47 and its two-hundred day moving average price is $42.47. The stock has a market capitalization of $9.55 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.52 and a beta of 1.59. The company has a quick ratio of 4.66, a current ratio of 5.14 and a debt-to-equity ratio of 2.39.

Tapestry (NYSE:TPR - Get Free Report) last issued its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. Tapestry had a return on equity of 37.22% and a net margin of 12.23%. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. Research analysts forecast that Tapestry, Inc. will post 4.47 earnings per share for the current year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 6th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, September 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. Tapestry's dividend payout ratio is currently 37.04%.

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.