Rational Advisors LLC acquired a new stake in Tapestry Inc (NYSE:TPR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,176 shares of the luxury accessories retailer’s stock, valued at approximately $494,000.

A number of other institutional investors have also made changes to their positions in the business. Hexavest Inc. bought a new position in Tapestry in the 4th quarter valued at $106,000. First Dallas Securities Inc. bought a new position in Tapestry in the 4th quarter valued at $108,000. Dupont Capital Management Corp bought a new position in Tapestry in the 4th quarter valued at $110,000. Cerebellum GP LLC bought a new position in Tapestry in the 4th quarter valued at $118,000. Finally, SeaCrest Wealth Management LLC bought a new position in Tapestry in the 4th quarter valued at $163,000. 87.97% of the stock is currently owned by institutional investors.

Shares of Tapestry Inc (NYSE:TPR) opened at $50.49 on Thursday. 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 capitalization of $14,360.00, a price-to-earnings ratio of 45.08, a P/E/G ratio of 1.73 and a beta of 0.59. Tapestry Inc has a 12 month low of $37.53 and a 12 month high of $50.99.

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

In other Tapestry news, CEO Victor Luis sold 123,780 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $50.02, for a total value of $6,191,475.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Todd Kahn sold 4,357 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $49.13, for a total value of $214,059.41. The disclosure for this sale can be found here. Insiders have sold a total of 134,366 shares of company stock valued at $6,705,960 over the last 90 days. 0.98% of the stock is currently owned by company insiders.

TPR has been the topic of several research analyst reports. Needham & Company LLC initiated coverage on Tapestry in a research report on Monday, December 18th. They issued a “hold” rating on the stock. KeyCorp upped their price objective on Tapestry from $53.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. UBS Group cut their price objective on Tapestry from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Canaccord Genuity set a $58.00 price objective on Tapestry and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Piper Jaffray Companies raised Tapestry from a “neutral” rating to an “overweight” rating and set a $54.00 price objective on the stock in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.23.

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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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Institutional Ownership by Quarter for Tapestry (NYSE:TPR)

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