Uncommon Cents Investing LLC Has $1.02 Million Stock Holdings in Tapestry, Inc. (NYSE:TPR)

Uncommon Cents Investing LLC trimmed its stake in shares of Tapestry, Inc. (NYSE:TPR) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,795 shares of the luxury accessories retailer’s stock after selling 485 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Tapestry were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TPR. Brown Brothers Harriman & Co. lifted its holdings in Tapestry by 340.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 661 shares of the luxury accessories retailer’s stock valued at $25,000 after purchasing an additional 511 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new stake in shares of Tapestry during the third quarter worth approximately $26,000. Bell Investment Advisors Inc raised its stake 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 acquiring an additional 833 shares during the last quarter. West Tower Group LLC acquired a new position in shares of Tapestry in the 2nd quarter worth approximately $39,000. Finally, Canada Pension Plan Investment Board grew its position in Tapestry by 955.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,098 shares of the luxury accessories retailer’s stock worth $41,000 after acquiring an additional 994 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Raymond James lifted their price objective on Tapestry from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Thursday, February 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $54.00 target price on shares of Tapestry in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Tapestry from $41.00 to $47.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Evercore ISI upgraded shares of Tapestry from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $50.00 in a research report on Monday, February 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.81.

Tapestry Price Performance

Tapestry stock opened at $47.48 on Friday. The company has a current ratio of 6.25, a quick ratio of 5.68 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $10.89 billion, a P/E ratio of 11.99, a PEG ratio of 0.96 and a beta of 1.57. The business has a 50-day moving average of $44.39 and a 200-day moving average of $36.04. Tapestry, Inc. has a 1 year low of $25.99 and a 1 year high of $48.80.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 8th. The luxury accessories retailer reported $1.63 earnings per share (EPS) 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 net margin of 13.80% and a return on equity of 41.75%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. On average, equities analysts anticipate that Tapestry, Inc. will post 4.25 EPS for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, March 7th. Tapestry’s payout ratio is presently 35.35%.

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.