Tapestry Inc (NYSE:TPR) CAO Todd Kahn sold 4,357 shares of Tapestry stock in a transaction on Friday, February 9th. The stock was sold at an average price of $49.13, for a total transaction of $214,059.41. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Tapestry Inc (NYSE TPR) opened at $49.91 on Tuesday. The stock has a market cap of $14,190.00, a PE ratio of 44.56, a PEG ratio of 1.70 and a beta of 0.59. Tapestry Inc has a twelve month low of $37.53 and a twelve month high of $50.71. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.64.
Tapestry (NYSE:TPR) last issued its quarterly earnings data on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. The business’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. sell-side analysts anticipate that Tapestry Inc will post 2.56 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. New Mexico Educational Retirement Board grew its holdings in shares of Tapestry by 4.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 27,198 shares of the luxury accessories retailer’s stock valued at $1,203,000 after buying an additional 1,100 shares during the last quarter. Hexavest Inc. purchased a new position in Tapestry during the fourth quarter worth about $106,000. First Dallas Securities Inc. purchased a new position in Tapestry during the fourth quarter worth about $108,000. Dupont Capital Management Corp purchased a new position in Tapestry during the fourth quarter worth about $110,000. Finally, Cerebellum GP LLC purchased a new position in Tapestry during the fourth quarter worth about $118,000. Hedge funds and other institutional investors own 87.97% of the company’s stock.
TPR has been the subject of a number of analyst reports. Robert W. Baird set a $49.00 target price on shares of Tapestry and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Tapestry from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. William Blair reaffirmed a “buy” rating on shares of Tapestry in a research note on Saturday, October 21st. Citigroup started coverage on shares of Tapestry in a research note on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price target for the company. Finally, Susquehanna Bancshares started coverage on shares of Tapestry in a research note on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $50.23.
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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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