Tapestry Inc (NYSE:TPR) Director Susan J. Kropf sold 6,185 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $50.80, for a total transaction of $314,198.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Tapestry Inc (NYSE:TPR) opened at $50.91 on Thursday. The company has a market cap of $14,500.00, a P/E ratio of 45.46, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. Tapestry Inc has a 12 month low of $37.53 and a 12 month high of $51.64.
Tapestry (NYSE:TPR) last released its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. Tapestry’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. equities analysts anticipate that Tapestry Inc will post 2.58 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in TPR. Hexavest Inc. purchased a new stake in Tapestry in the 4th quarter worth approximately $106,000. First Dallas Securities Inc. purchased a new stake in Tapestry in the 4th quarter worth approximately $108,000. Dupont Capital Management Corp purchased a new stake in Tapestry in the 4th quarter worth approximately $110,000. Cerebellum GP LLC purchased a new stake in Tapestry in the 4th quarter worth approximately $118,000. Finally, American Research & Management Co. purchased a new stake in Tapestry in the 4th quarter worth approximately $129,000. 93.37% of the stock is owned by hedge funds and other institutional investors.
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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.
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