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 equities research analysts have recently weighed in on TPR shares. Goldman Sachs Group raised shares of Tapestry from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, December 5th. William Blair reaffirmed a “buy” rating on shares of Tapestry in a research note on Saturday, October 21st. Citigroup began coverage on shares of Tapestry in a research note on Thursday, November 2nd. They set a “positive” rating and a $50.00 target price on the stock. Zacks Investment Research raised shares of Tapestry from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Monday, January 8th. Finally, UBS Group dropped their price objective on shares of Tapestry from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.23.

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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About Tapestry

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.

Insider Buying and Selling by Quarter for Tapestry (NYSE:TPR)

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