Thrivent Financial For Lutherans Acquires Shares of 11,550 Tapestry Inc (TPR)

Thrivent Financial For Lutherans purchased a new stake in shares of Tapestry Inc (NYSE:TPR) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,550 shares of the luxury accessories retailer’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Tapestry during the fourth quarter valued at about $333,000. Oak Point Wealth Management acquired a new stake in shares of Tapestry during the fourth quarter valued at about $469,000. Sheets Smith Wealth Management acquired a new stake in shares of Tapestry during the fourth quarter valued at about $760,000. CWM LLC acquired a new stake in shares of Tapestry during the fourth quarter valued at about $5,978,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Tapestry during the fourth quarter valued at about $233,000. Institutional investors and hedge funds own 89.37% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of equities research analysts have weighed in on the stock. Piper Jaffray set a $60.00 price target on shares of Tapestry and gave the company a “buy” rating in a research report on Thursday. Citigroup reiterated an “outperform” rating and set a $60.00 price target (up from $55.00) on shares of Tapestry in a research report on Thursday, March 15th. Credit Suisse Group assumed coverage on shares of Tapestry in a research report on Monday, March 12th. They set an “outperform” rating and a $60.00 price target for the company. Loop Capital assumed coverage on shares of Tapestry in a research report on Thursday, March 8th. They set a “buy” rating and a $57.00 price target for the company. Finally, TheStreet upgraded shares of Tapestry from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.74.

Tapestry Inc (TPR) opened at $51.74 on Monday. Tapestry Inc has a 12 month low of $38.47 and a 12 month high of $53.51. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14,739.79, a P/E ratio of 46.20, a P/E/G ratio of 1.78 and a beta of 0.48.

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

The company also recently declared a dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.3375 dividend. The ex-dividend date is Thursday, March 8th. Tapestry’s dividend payout ratio is currently 120.54%.

In other news, insider Sarah Dunn sold 6,229 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $48.23, for a total transaction of $300,424.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan J. Kropf sold 6,185 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $50.80, for a total transaction of $314,198.00. The disclosure for this sale can be found here. Insiders sold 140,551 shares of company stock valued at $7,020,158 in the last quarter. 0.98% of the stock is owned by insiders.

WARNING: “Thrivent Financial For Lutherans Acquires Shares of 11,550 Tapestry Inc (TPR)” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3302244/thrivent-financial-for-lutherans-acquires-shares-of-11550-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‚Äôs 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

Vipshop  Downgraded to “Hold” at Zacks Investment Research
Vipshop Downgraded to “Hold” at Zacks Investment Research
Southwestern Energy  Price Target Lowered to $2.00 at Morgan Stanley
Southwestern Energy Price Target Lowered to $2.00 at Morgan Stanley
PPG Industries  Price Target Cut to $122.00 by Analysts at Credit Suisse Group
PPG Industries Price Target Cut to $122.00 by Analysts at Credit Suisse Group
Procter & Gamble  Downgraded by Argus
Procter & Gamble Downgraded by Argus
Intersect ENT  Coverage Initiated at Berenberg Bank
Intersect ENT Coverage Initiated at Berenberg Bank
Gold Fields  and Its Competitors Head to Head Contrast
Gold Fields and Its Competitors Head to Head Contrast


© 2006-2018 Ticker Report. Google+.