Yousif Capital Management LLC Has $1.27 Million Stock Position in Tapestry, Inc. (NYSE:TPR)

Yousif Capital Management LLC decreased its holdings in Tapestry, Inc. (NYSE:TPR) by 5.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,412 shares of the luxury accessories retailer’s stock after selling 1,972 shares during the quarter. Yousif Capital Management LLC’s holdings in Tapestry were worth $1,267,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its holdings in shares of Tapestry by 718.1% in the third quarter. Bell Investment Advisors Inc now owns 949 shares of the luxury accessories retailer’s stock valued at $27,000 after purchasing an additional 833 shares in the last quarter. AllSquare Wealth Management LLC lifted its position in shares of Tapestry by 35.1% during the third quarter. AllSquare Wealth Management LLC now owns 1,627 shares of the luxury accessories retailer’s stock valued at $47,000 after purchasing an additional 423 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Tapestry by 56.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,843 shares of the luxury accessories retailer’s stock worth $53,000 after purchasing an additional 668 shares in the last quarter. Allworth Financial LP increased its stake in Tapestry by 62.0% in the 4th quarter. Allworth Financial LP now owns 1,620 shares of the luxury accessories retailer’s stock valued at $60,000 after buying an additional 620 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Tapestry during the 3rd quarter worth approximately $63,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

Shares of NYSE TPR opened at $39.24 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 5.68 and a current ratio of 6.25. Tapestry, Inc. has a fifty-two week low of $25.99 and a fifty-two week high of $48.80. The stock has a market cap of $9.00 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. The stock has a fifty day moving average of $44.47 and a 200-day moving average of $38.26.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 8th. The luxury accessories retailer reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Tapestry had a return on equity of 41.75% and a net margin of 13.80%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Tapestry, Inc. will post 4.23 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, March 7th. Tapestry’s dividend payout ratio (DPR) is presently 35.35%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TPR. The Goldman Sachs Group upped their target price on Tapestry from $41.00 to $47.00 and gave the company a “buy” rating in a report on Friday, February 9th. OTR Global reaffirmed a “mixed” rating on shares of Tapestry in a research report on Wednesday, April 17th. StockNews.com upgraded Tapestry from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Telsey Advisory Group restated an “outperform” rating and set a $54.00 price objective on shares of Tapestry in a report on Wednesday, March 27th. Finally, Raymond James lifted their price objective on shares of Tapestry from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.81.

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.