Strs Ohio Acquires Shares of 14,345 Tapestry Inc (TPR)
Strs Ohio acquired a new stake in Tapestry Inc (NYSE:TPR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,345 shares of the luxury accessories retailer’s stock, valued at approximately $634,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TPR. Point View Wealth Management Inc. bought a new position in shares of Tapestry in the 3rd quarter valued at about $552,000. LMR Partners LLP bought a new position in shares of Tapestry in the 3rd quarter valued at about $229,000. M&R Capital Management Inc. bought a new position in shares of Tapestry in the 3rd quarter valued at about $153,000. Capital International Investors bought a new position in shares of Tapestry in the 3rd quarter valued at about $25,376,000. Finally, Afam Capital Inc. bought a new position in shares of Tapestry in the 3rd quarter valued at about $6,945,000. Institutional investors own 88.00% of the company’s stock.
Shares of Tapestry Inc (NYSE:TPR) opened at $49.06 on Friday. Tapestry Inc has a 1-year low of $37.53 and a 1-year high of $50.71. The stock has a market capitalization of $14,010.00, a P/E ratio of 43.80, a PEG ratio of 1.70 and a beta of 0.59. The company has a current ratio of 1.90, a quick ratio of 1.25 and a debt-to-equity ratio of 0.64.
In other news, insider Sarah Dunn sold 6,229 shares of Tapestry stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $48.23, for a total value of $300,424.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.
Several equities analysts have recently weighed in on TPR shares. Robert W. Baird set a $49.00 price objective on Tapestry and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research cut Tapestry from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. William Blair restated a “buy” rating on shares of Tapestry in a report on Saturday, October 21st. Citigroup started coverage on Tapestry in a report on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price objective for the company. Finally, Susquehanna Bancshares started coverage on Tapestry in a report on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.23.
Tapestry Company Profile
Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.
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