Fiera Capital Corp Has $89.05 Million Stock Position in Tapestry, Inc. (NYSE:TPR)

Fiera Capital Corp lessened its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,363,053 shares of the luxury accessories retailer's stock after selling 32,480 shares during the period. Fiera Capital Corp owned approximately 0.58% of Tapestry worth $89,048,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in Tapestry by 5.8% during the fourth quarter. Van ECK Associates Corp now owns 117,652 shares of the luxury accessories retailer's stock worth $7,686,000 after buying an additional 6,468 shares during the period. Essex Financial Services Inc. purchased a new position in shares of Tapestry in the 4th quarter worth about $213,000. Coronation Fund Managers Ltd. raised its holdings in shares of Tapestry by 4.5% in the 4th quarter. Coronation Fund Managers Ltd. now owns 673,233 shares of the luxury accessories retailer's stock worth $43,982,000 after purchasing an additional 29,091 shares during the period. Martin Capital Advisors LLP purchased a new position in shares of Tapestry in the 4th quarter worth about $213,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Tapestry in the 4th quarter worth about $121,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Wall Street Analysts Forecast Growth

TPR has been the subject of a number of recent research reports. Morgan Stanley reiterated an "equal weight" rating and issued a $65.00 target price on shares of Tapestry in a research note on Tuesday, January 21st. Telsey Advisory Group raised their price objective on Tapestry from $74.00 to $83.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Robert W. Baird increased their target price on Tapestry from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Bank of America raised their price target on Tapestry from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Tapestry from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Six research 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, Tapestry has a consensus rating of "Moderate Buy" and an average price target of $74.78.

Tapestry Trading Up 1.2 %

TPR traded up $1.04 during mid-day trading on Friday, reaching $87.68. The stock had a trading volume of 4,819,117 shares, compared to its average volume of 4,970,739. Tapestry, Inc. has a 52 week low of $35.23 and a 52 week high of $88.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 4.38 and a current ratio of 1.58. The stock has a market capitalization of $20.43 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.30 and a beta of 1.58. The firm's fifty day simple moving average is $70.11 and its two-hundred day simple moving average is $54.89.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The luxury accessories retailer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business posted $1.63 EPS. On average, equities analysts predict that Tapestry, Inc. will post 4.7 EPS for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Thursday, March 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 1.60%. The ex-dividend date of this dividend is Thursday, March 6th. Tapestry's payout ratio is currently 40.58%.

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.