O Shaughnessy Asset Management LLC Boosts Stock Position in Tapestry, Inc. (NYSE:TPR)

O Shaughnessy Asset Management LLC lifted its position in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,247 shares of the luxury accessories retailer's stock after buying an additional 6,561 shares during the period. O Shaughnessy Asset Management LLC's holdings in Tapestry were worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in Tapestry by 78.0% during the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the luxury accessories retailer's stock worth $38,000 after acquiring an additional 252 shares during the last quarter. UMB Bank n.a. increased its position in shares of Tapestry by 72.9% during the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the luxury accessories retailer's stock worth $77,000 after purchasing an additional 496 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Tapestry by 1,792.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,192 shares of the luxury accessories retailer's stock valued at $78,000 after buying an additional 1,129 shares during the period. First Horizon Advisors Inc. lifted its position in Tapestry by 21.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,598 shares of the luxury accessories retailer's stock valued at $104,000 after buying an additional 287 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake 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 worth $104,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 90.77% of the company's stock.

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Tapestry Stock Up 0.1 %

NYSE:TPR traded up $0.04 during trading hours on Tuesday, hitting $63.03. The company's stock had a trading volume of 1,811,446 shares, compared to its average volume of 5,748,185. Tapestry, Inc. has a 52-week low of $35.23 and a 52-week high of $90.85. The company has a current ratio of 1.58, a quick ratio of 1.05 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $13.05 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The stock has a fifty day moving average of $77.03 and a 200-day moving average of $64.16.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The luxury accessories retailer reported $2.00 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 company posted $1.63 EPS. On average, equities analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Thursday, March 6th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, March 6th. Tapestry's payout ratio is 40.58%.

Analyst Upgrades and Downgrades

TPR has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of Tapestry from $93.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Morgan Stanley restated an "equal weight" rating and set a $65.00 price target on shares of Tapestry in a research note on Tuesday, January 21st. Raymond James reaffirmed an "outperform" rating and issued a $88.00 price objective (up from $79.00) on shares of Tapestry in a research note on Friday, February 7th. Wells Fargo & Company raised their target price on Tapestry from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Evercore ISI lifted 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.53.

Insider Activity at Tapestry

In other news, 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 value of $1,772,988.00. Following the completion of the sale, the chief executive officer now directly owns 176,985 shares of the company's stock, valued at approximately $14,866,740. The trade was a 10.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David E. Howard sold 11,917 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $88.00, for a total value of $1,048,696.00. Following the transaction, the general counsel now owns 38,609 shares in the company, valued at $3,397,592. This represents a 23.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,537 shares of company stock valued at $5,730,589 in the last ninety days. Insiders own 1.18% of the company's stock.

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.