Tapestry, Inc. (NYSE:TPR) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Tapestry, Inc. (NYSE:TPR) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,091 shares of the luxury accessories retailer’s stock after acquiring an additional 6,729 shares during the period. Yousif Capital Management LLC’s holdings in Tapestry were worth $2,554,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TPR. Cetera Investment Advisers raised its stake in shares of Tapestry by 4.7% during the 2nd quarter. Cetera Investment Advisers now owns 55,669 shares of the luxury accessories retailer’s stock worth $2,382,000 after buying an additional 2,513 shares during the period. Czech National Bank raised its position in Tapestry by 7.1% during the third quarter. Czech National Bank now owns 46,898 shares of the luxury accessories retailer’s stock worth $2,203,000 after acquiring an additional 3,113 shares during the period. CWM LLC lifted its holdings in Tapestry by 108.8% during the third quarter. CWM LLC now owns 80,060 shares of the luxury accessories retailer’s stock valued at $3,761,000 after purchasing an additional 41,712 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Tapestry by 102.7% in the third quarter. Exchange Traded Concepts LLC now owns 17,680 shares of the luxury accessories retailer’s stock valued at $831,000 after purchasing an additional 8,958 shares during the period. Finally, Swedbank AB increased its stake in shares of Tapestry by 9.2% during the third quarter. Swedbank AB now owns 1,092,260 shares of the luxury accessories retailer’s stock worth $51,314,000 after purchasing an additional 92,458 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TPR has been the topic of several research analyst reports. Raymond James reiterated an “outperform” rating and issued a $88.00 price objective (up from $79.00) on shares of Tapestry in a report on Friday. Telsey Advisory Group lifted their price target on Tapestry from $74.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Jefferies Financial Group increased their price objective on Tapestry from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Tapestry from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, UBS Group increased their target price on shares of Tapestry from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Five 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 has an average rating of “Moderate Buy” and an average price target of $73.17.

Tapestry Stock Down 2.3 %

Shares of NYSE TPR opened at $80.28 on Monday. The stock has a market cap of $18.71 billion, a P/E ratio of 23.27, a PEG ratio of 2.30 and a beta of 1.58. The business’s fifty day simple moving average is $68.08 and its 200-day simple moving average is $53.45. Tapestry, Inc. has a 12-month low of $35.23 and a 12-month high of $87.87. The company has a current ratio of 1.58, a quick ratio of 4.38 and a debt-to-equity ratio of 1.78.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, February 6th. The luxury accessories retailer reported $2.00 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $1.63 earnings per share. As a group, equities analysts predict that Tapestry, Inc. will post 4.7 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.74%. Tapestry’s dividend payout ratio is currently 40.58%.

Insider Activity

In related news, VP Manesh Dadlani sold 8,872 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the transaction, the vice president now directly owns 35,003 shares of the company’s stock, valued at $2,028,773.88. This trade represents a 20.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.