Tapestry Inc (NYSE:TPR) CAO Todd Kahn sold 4,357 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $49.13, for a total transaction of $214,059.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Tapestry Inc (NYSE TPR) opened at $49.91 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.51 and a current ratio of 1.90. The firm has a market cap of $14,190.00, a P/E ratio of 44.56, a P/E/G ratio of 1.70 and a beta of 0.59. Tapestry Inc has a twelve month low of $37.53 and a twelve month high of $50.71.

Tapestry (NYSE:TPR) last posted its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.21. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. Tapestry’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. analysts forecast that Tapestry Inc will post 2.56 earnings per share for the current fiscal year.

Several research firms have recently issued reports on TPR. Canaccord Genuity set a $58.00 price target on shares of Tapestry and gave the company a “buy” rating in a research report on Sunday, January 7th. Buckingham Research boosted their price target on shares of Tapestry from $55.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Citigroup began coverage on shares of Tapestry in a research report on Thursday, November 2nd. They issued a “positive” rating and a $50.00 price target on the stock. BMO Capital Markets boosted their price target on shares of Tapestry from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Finally, Cowen reissued a “buy” rating and issued a $54.00 price target on shares of Tapestry in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have assigned a buy rating and one has given 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 bought and sold shares of TPR. BlackRock Inc. bought a new position in shares of Tapestry in the 4th quarter worth $791,257,000. American International Group Inc. bought a new position in shares of Tapestry in the 4th quarter worth $543,498,000. American Century Companies Inc. bought a new position in shares of Tapestry in the 4th quarter worth $287,354,000. Jennison Associates LLC bought a new position in shares of Tapestry in the 4th quarter worth $181,887,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Tapestry in the 4th quarter worth $145,882,000. 87.97% of the stock is currently 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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