Point View Wealth Management Inc. bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,699 shares of the luxury accessories retailer’s stock, valued at approximately $552,000.

In other Tapestry news, CAO Todd Kahn sold 4,586 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $40.85, for a total value of $187,338.10. Following the completion of the transaction, the chief accounting officer now owns 72,412 shares in the company, valued at $2,958,030.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Melinda Brown sold 8,250 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the completion of the transaction, the senior vice president now owns 42,884 shares of the company’s stock, valued at approximately $1,770,251.52. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

TPR has been the topic of several analyst reports. Vetr lowered shares of Tapestry from a “hold” rating to a “sell” rating and set a $45.98 price target on the stock. in a research report on Monday, August 7th. Buckingham Research set a $48.00 price target on shares of Tapestry and gave the company a “buy” rating in a research report on Friday, October 6th. Susquehanna Bancshares Inc initiated coverage on shares of Tapestry in a research report on Thursday, November 2nd. They set a “positive” rating and a $50.00 price target on the stock. Cowen and Company reaffirmed a “buy” rating and set a $46.00 price target on shares of Tapestry in a research report on Thursday, September 28th. Finally, William Blair reaffirmed a “buy” rating on shares of Tapestry in a research report on Saturday, October 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $47.70.

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Tapestry, Inc. (NYSE TPR) traded down $0.60 during midday trading on Tuesday, reaching $41.47. 714,368 shares of the company’s stock traded hands, compared to its average volume of 3,433,495. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 0.64. Tapestry, Inc. has a one year low of $34.16 and a one year high of $48.85. The firm has a market capitalization of $11,960.00, a P/E ratio of 19.56, a PEG ratio of 1.59 and a beta of 0.45.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Tuesday, November 7th. The luxury accessories retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. Tapestry had a net margin of 9.62% and a return on equity of 20.71%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Tapestry’s revenue for the quarter was up 24.2% on a year-over-year basis. sell-side analysts anticipate that Tapestry, Inc. will post 2.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.3375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.35 annualized dividend and a yield of 3.26%. Tapestry’s dividend payout ratio is presently 83.85%.

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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