Tapestry Inc (TPR) CAO Todd Kahn Sells 4,357 Shares
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.
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.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/02/13/tapestry-inc-tpr-cao-todd-kahn-sells-4357-shares.html.
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.
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.