Tapestry, Inc. (NYSE:TPR) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in Tapestry, Inc. (NYSE:TPR) by 3,326.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,350 shares of the luxury accessories retailer’s stock after purchasing an additional 108,100 shares during the quarter. International Assets Investment Management LLC’s holdings in Tapestry were worth $4,099,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TPR. 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 buying an additional 833 shares during the period. AllSquare Wealth Management LLC lifted its holdings 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 during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Tapestry by 56.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,843 shares of the luxury accessories retailer’s stock valued at $53,000 after purchasing an additional 668 shares during the period. 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 worth $60,000 after purchasing an additional 620 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Tapestry during the third quarter valued at about $63,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Tapestry from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. OTR Global reiterated a “mixed” rating on shares of Tapestry in a report on Wednesday, April 17th. Raymond James boosted their price objective on shares of Tapestry from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $54.00 target price on shares of Tapestry in a research report on Wednesday, March 27th. Finally, Wells Fargo & Company increased their price objective on Tapestry from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and a consensus target price of $47.81.

Tapestry Stock Down 0.0 %

TPR stock opened at $38.98 on Thursday. Tapestry, Inc. has a 52-week low of $25.99 and a 52-week high of $48.80. The company has a 50-day moving average of $43.78 and a two-hundred day moving average of $38.63. The company has a debt-to-equity ratio of 2.90, a current ratio of 6.25 and a quick ratio of 5.68. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61.

Tapestry (NYSE:TPR) last released its quarterly 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. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Tapestry had a return on equity of 41.75% and a net margin of 13.80%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. As a group, equities research analysts anticipate that Tapestry, Inc. will post 4.23 EPS for the current year.

About Tapestry

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.