8,313 Shares in Tapestry Inc (TPR) Acquired by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp purchased a new stake in Tapestry Inc (NYSE:TPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,313 shares of the luxury accessories retailer’s stock, valued at approximately $367,000.

Several other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. acquired a new position in shares of Tapestry in the 4th quarter valued at $287,354,000. Jennison Associates LLC acquired a new position in shares of Tapestry in the 4th quarter valued at $181,887,000. Miller Howard Investments Inc. NY acquired a new position in shares of Tapestry in the 4th quarter valued at $78,023,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Tapestry in the 4th quarter valued at $77,642,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Tapestry in the 4th quarter valued at $64,036,000. 93.37% of the stock is owned by institutional investors.

Shares of Tapestry Inc (NYSE:TPR) opened at $50.06 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.51 and a current ratio of 1.90. Tapestry Inc has a 52-week low of $37.53 and a 52-week high of $50.99. The company has a market cap of $14,240.00, a PE ratio of 44.70, a price-to-earnings-growth ratio of 1.72 and a beta of 0.59.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 EPS for the quarter, topping the consensus estimate of $0.86 by $0.21. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. sell-side analysts anticipate that Tapestry Inc will post 2.58 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. TheStreet raised shares of Tapestry from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Barclays boosted their price target on shares of Tapestry from $47.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Buckingham Research boosted their price target on shares of Tapestry from $55.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. BMO Capital Markets boosted their price target on shares of Tapestry from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Finally, Bank of America boosted their price target on shares of Tapestry from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One equities 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 given a strong buy rating to the stock. Tapestry has a consensus rating of “Buy” and an average price target of $50.23.

In other news, CAO Todd Kahn sold 4,357 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $49.13, for a total value of $214,059.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sarah Dunn sold 6,229 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.23, for a total transaction of $300,424.67. The disclosure for this sale can be found here. Insiders have sold a total of 134,366 shares of company stock worth $6,705,960 over the last three months. Insiders own 0.98% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “8,313 Shares in Tapestry Inc (TPR) Acquired by MUFG Americas Holdings Corp” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://baseballnewssource.com/markets/8313-shares-in-tapestry-inc-tpr-acquired-by-mufg-americas-holdings-corp/1891391.html.

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.

Want to see what other hedge funds are holding TPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tapestry Inc (NYSE:TPR).

Institutional Ownership by Quarter for Tapestry (NYSE:TPR)

Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.