Insider Selling: Tapestry Inc (TPR) Insider Sells 6,229 Shares of Stock
Tapestry Inc (NYSE:TPR) insider Sarah Dunn sold 6,229 shares of Tapestry 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Tapestry Inc (NYSE TPR) opened at $49.06 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. The stock has a market cap of $13,916.50, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59. Tapestry Inc has a twelve month low of $37.46 and a twelve month high of $50.71.
Tapestry (NYSE:TPR) last issued its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.21. The business 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%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. sell-side analysts predict that Tapestry Inc will post 2.56 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Alexandria Capital LLC purchased a new position in Tapestry in the fourth quarter worth about $2,457,000. Suntrust Banks Inc. purchased a new position in Tapestry in the fourth quarter worth about $7,994,000. Timber Hill LLC purchased a new position in Tapestry in the fourth quarter worth about $2,843,000. Baird Financial Group Inc. purchased a new position in Tapestry in the fourth quarter worth about $3,186,000. Finally, American Financial Group Inc. purchased a new position in Tapestry in the fourth quarter worth about $17,029,000. 88.00% of the stock is owned by institutional investors and hedge funds.
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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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