Personal CFO Solutions LLC Has $236,000 Holdings in Tapestry, Inc. (NYSE:TPR)

Personal CFO Solutions LLC lessened its stake in shares of Tapestry, Inc. (NYSE:TPR) by 82.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,605 shares of the luxury accessories retailer’s stock after selling 16,419 shares during the quarter. Personal CFO Solutions LLC’s holdings in Tapestry were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPR. Erste Asset Management GmbH acquired a new stake in Tapestry during the 3rd quarter worth about $64,016,000. WT Asset Management Ltd acquired a new position in shares of Tapestry in the 4th quarter valued at about $42,762,000. Raymond James Financial Inc. acquired a new position in shares of Tapestry in the 4th quarter valued at about $38,180,000. Bank of Montreal Can increased its holdings in shares of Tapestry by 76.6% in the 3rd quarter. Bank of Montreal Can now owns 1,244,070 shares of the luxury accessories retailer’s stock valued at $59,641,000 after purchasing an additional 539,793 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Tapestry by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,997,414 shares of the luxury accessories retailer’s stock valued at $522,471,000 after purchasing an additional 382,856 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity

In other news, CEO Todd Kahn sold 7,786 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $87.59, for a total value of $681,975.74. Following the completion of the sale, the chief executive officer now directly owns 201,531 shares of the company’s stock, valued at approximately $17,652,100.29. This represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Roe sold 25,727 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $86.56, for a total value of $2,226,929.12. Following the completion of the sale, the chief financial officer now directly owns 146,587 shares of the company’s stock, valued at $12,688,570.72. This represents a 14.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,537 shares of company stock valued at $5,730,589. 1.18% of the stock is owned by company insiders.

Tapestry Stock Down 5.7 %

Shares of Tapestry stock opened at $70.67 on Tuesday. The stock has a market capitalization of $14.63 billion, a P/E ratio of 20.49, a PEG ratio of 2.01 and a beta of 1.57. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average price of $76.32 and a two-hundred day moving average price of $60.01. Tapestry, Inc. has a 12-month low of $35.23 and a 12-month high of $90.85.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 6th. The luxury accessories retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.30. Tapestry had a return on equity of 44.00% and a net margin of 11.74%. During the same quarter in the previous year, the company earned $1.63 earnings per share. Equities analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.98%. Tapestry’s payout ratio is currently 40.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Tapestry from $80.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Telsey Advisory Group upped their target price on Tapestry from $74.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Barclays upped their target price on Tapestry from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $65.00 target price on shares of Tapestry in a report on Tuesday, January 21st. Finally, Daiwa America raised Tapestry to a “hold” rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.53.

Tapestry Profile

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.