Edmond DE Rothschild Holding S.A. increased its stake in Tapestry Inc (NYSE:TPR) by 38.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,751 shares of the luxury accessories retailer’s stock after purchasing an additional 2,415 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Tapestry were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its position in Tapestry by 1,344.7% during the third quarter. Victory Capital Management Inc. now owns 62,239 shares of the luxury accessories retailer’s stock valued at $3,128,000 after buying an additional 57,931 shares during the period. Private Advisor Group LLC grew its position in Tapestry by 43.8% during the third quarter. Private Advisor Group LLC now owns 10,456 shares of the luxury accessories retailer’s stock valued at $526,000 after buying an additional 3,183 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Tapestry during the third quarter valued at approximately $145,000. Cambridge Investment Research Advisors Inc. grew its position in Tapestry by 11.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,223 shares of the luxury accessories retailer’s stock valued at $1,218,000 after buying an additional 2,475 shares during the period. Finally, SG Americas Securities LLC grew its position in Tapestry by 39.8% during the third quarter. SG Americas Securities LLC now owns 31,218 shares of the luxury accessories retailer’s stock valued at $1,569,000 after buying an additional 8,880 shares during the period. 90.06% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Zacks Investment Research restated a “buy” rating and set a $45.00 target price on shares of Tapestry in a research report on Saturday, November 17th. Canaccord Genuity restated a “buy” rating and set a $58.00 target price on shares of Tapestry in a research report on Tuesday, February 5th. Nomura set a $50.00 target price on shares of Tapestry and gave the company a “buy” rating in a research report on Monday, November 26th. ValuEngine lowered shares of Tapestry from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Finally, Guggenheim restated a “buy” rating and set a $52.00 target price on shares of Tapestry in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.00.

TPR opened at $32.20 on Friday. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.21 and a beta of 0.73. Tapestry Inc has a 1-year low of $31.91 and a 1-year high of $55.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.94.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 7th. The luxury accessories retailer reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.04). The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. Tapestry had a return on equity of 23.84% and a net margin of 12.18%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. Equities research analysts anticipate that Tapestry Inc will post 2.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.3375 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 4.19%. Tapestry’s payout ratio is currently 51.33%.

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Tapestry Company Profile

Tapestry, Inc provides luxury accessories and lifestyle brands in the United States, Japan, China, Hong Kong, Macau, East Asia, Europe, Canada, Taiwan, South Korea, Malaysia, and Singapore. It operates through three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, travel accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, travel organizers, belts, footwear, watches, sunglasses, novelty accessories, and ready-to-wear for men.

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Institutional Ownership by Quarter for Tapestry (NYSE:TPR)

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