Robinson Value Management Ltd. Buys Shares of 30,944 Tapestry Inc (TPR)

Robinson Value Management Ltd. bought a new position in Tapestry Inc (NYSE:TPR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 30,944 shares of the luxury accessories retailer’s stock, valued at approximately $1,369,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oakbrook Investments LLC bought a new position in Tapestry in the 4th quarter worth about $496,000. Westpac Banking Corp bought a new position in Tapestry in the 4th quarter worth about $17,400,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tapestry in the 4th quarter worth about $192,000. ANTIPODES PARTNERS Ltd bought a new position in Tapestry in the 4th quarter worth about $77,642,000. Finally, Cascade Investment Advisors Inc. bought a new position in Tapestry in the 4th quarter worth about $1,796,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Shares of Tapestry Inc (NYSE:TPR) traded up $1.09 during mid-day trading on Thursday, reaching $46.99. The company had a trading volume of 2,417,600 shares, compared to its average volume of 2,068,791. The stock has a market cap of $13,450.00, a PE ratio of 29.19, a PEG ratio of 1.71 and a beta of 0.46. Tapestry Inc has a 52 week low of $34.33 and a 52 week high of $48.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.74 and a quick ratio of 1.25.

Tapestry (NYSE:TPR) last issued its earnings results on Tuesday, November 7th. The luxury accessories retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Tapestry had a return on equity of 20.71% and a net margin of 9.62%. Tapestry’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. research analysts anticipate that Tapestry Inc will post 2.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, December 7th. Tapestry’s dividend payout ratio (DPR) is currently 83.85%.

A number of brokerages have weighed in on TPR. Canaccord Genuity set a $58.00 target price on Tapestry and gave the stock a “buy” rating in a research note on Sunday, January 7th. Zacks Investment Research upgraded Tapestry from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, January 8th. Robert W. Baird set a $50.00 target price on Tapestry and gave the stock a “buy” rating in a research note on Friday, December 22nd. Needham & Company LLC began coverage on Tapestry in a research note on Monday, December 18th. They issued a “hold” rating on the stock. Finally, Goldman Sachs Group upgraded Tapestry from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Tapestry presently has an average rating of “Buy” and a consensus price target of $47.92.

COPYRIGHT VIOLATION NOTICE: This article was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3144542/robinson-value-management-ltd-buys-shares-of-30944-tapestry-inc-tpr.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

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.