Tapestry, Inc. (NYSE:TPR) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Tapestry, Inc. (NYSE:TPR) by 206.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,847 shares of the luxury accessories retailer’s stock after purchasing an additional 3,263 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tapestry were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Waldron Private Wealth LLC bought a new position in Tapestry during the third quarter valued at about $25,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Tapestry by 54.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 935 shares of the luxury accessories retailer’s stock valued at $40,000 after purchasing an additional 328 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Tapestry in the 3rd quarter worth approximately $47,000. Blue Trust Inc. raised its holdings in shares of Tapestry by 111.9% in the 2nd quarter. Blue Trust Inc. now owns 1,053 shares of the luxury accessories retailer’s stock worth $50,000 after purchasing an additional 556 shares in the last quarter. Finally, MUFG Securities EMEA plc lifted its stake in Tapestry by 34.9% during the second quarter. MUFG Securities EMEA plc now owns 1,226 shares of the luxury accessories retailer’s stock valued at $52,000 after purchasing an additional 317 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on TPR shares. StockNews.com lowered shares of Tapestry from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Daiwa America raised Tapestry to a “hold” rating in a research report on Monday, November 18th. Telsey Advisory Group increased their price target on Tapestry from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Barclays restated an “equal weight” rating and set a $57.00 price objective on shares of Tapestry in a report on Wednesday, November 20th. Finally, TD Cowen cut shares of Tapestry from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Tuesday, October 29th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.78.

Insider Activity at Tapestry

In related news, VP Manesh Dadlani sold 8,872 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.96, for a total transaction of $514,221.12. Following the transaction, the vice president now directly owns 35,003 shares in the company, valued at $2,028,773.88. The trade was a 20.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.18% of the stock is owned by corporate insiders.

Tapestry Trading Up 3.7 %

Shares of TPR stock opened at $64.58 on Tuesday. The company has a current ratio of 4.93, a quick ratio of 4.38 and a debt-to-equity ratio of 2.35. Tapestry, Inc. has a 1 year low of $32.20 and a 1 year high of $64.60. The firm’s fifty day simple moving average is $49.84 and its 200 day simple moving average is $44.31. The firm has a market capitalization of $15.05 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.53.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, December 6th. Tapestry’s dividend payout ratio is currently 40.46%.

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.