Tapestry, Inc. (NYSE:TPR) Holdings Raised by Juncture Wealth Strategies LLC

Juncture Wealth Strategies LLC boosted its stake in Tapestry, Inc. (NYSE:TPR) by 17.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,290 shares of the luxury accessories retailer’s stock after acquiring an additional 1,100 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Tapestry were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC bought a new position in shares of Tapestry during the 3rd quarter valued at $25,000. Brooklyn Investment Group bought a new position in shares of Tapestry during the 3rd quarter valued at $47,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tapestry during the 2nd quarter valued at $68,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Tapestry by 68.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,492 shares of the luxury accessories retailer’s stock valued at $70,000 after purchasing an additional 605 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. raised its holdings in shares of Tapestry by 159,100.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,592 shares of the luxury accessories retailer’s stock valued at $75,000 after purchasing an additional 1,591 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the completion of the sale, the vice president now owns 35,003 shares of the company’s stock, valued at approximately $2,028,773.88. This represents a 20.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Tapestry from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley restated an “equal weight” rating and issued a $65.00 price target on shares of Tapestry in a research report on Tuesday, January 21st. Bank of America raised their price objective on shares of Tapestry from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Jefferies Financial Group raised shares of Tapestry from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $80.00 in a report on Thursday, December 19th. Finally, Citigroup raised their price objective on shares of Tapestry from $49.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $64.78.

Tapestry Trading Up 1.4 %

Shares of NYSE TPR opened at $74.63 on Friday. The company’s 50 day simple moving average is $64.82 and its 200 day simple moving average is $51.06. Tapestry, Inc. has a fifty-two week low of $35.23 and a fifty-two week high of $75.78. The firm has a market capitalization of $17.39 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.07 and a beta of 1.58. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.93 and a quick ratio of 4.38.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were issued a $0.35 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.40 annualized dividend and a yield of 1.88%. Tapestry’s dividend payout ratio is currently 40.46%.

About Tapestry

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.