Tapestry, Inc. (NYSE:TPR) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in Tapestry, Inc. (NYSE:TPR) by 5.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 113,103 shares of the luxury accessories retailer’s stock after acquiring an additional 5,570 shares during the quarter. Janus Henderson Group PLC’s holdings in Tapestry were worth $5,314,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lebenthal Global Advisors LLC boosted its stake in shares of Tapestry by 2.8% in the third quarter. Lebenthal Global Advisors LLC now owns 7,813 shares of the luxury accessories retailer’s stock worth $367,000 after acquiring an additional 215 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Tapestry by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,520 shares of the luxury accessories retailer’s stock valued at $353,000 after purchasing an additional 218 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Tapestry by 1.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 16,273 shares of the luxury accessories retailer’s stock worth $765,000 after purchasing an additional 251 shares during the last quarter. Legend Financial Advisors Inc. grew its holdings in shares of Tapestry by 1.9% during the second quarter. Legend Financial Advisors Inc. now owns 13,570 shares of the luxury accessories retailer’s stock worth $581,000 after buying an additional 257 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Tapestry by 4.8% in the third quarter. GAMMA Investing LLC now owns 6,095 shares of the luxury accessories retailer’s stock valued at $286,000 after buying an additional 280 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.96, for a total transaction of $514,221.12. Following the sale, the vice president now directly owns 35,003 shares in the company, valued at $2,028,773.88. This represents a 20.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by corporate insiders.

Tapestry Stock Performance

NYSE:TPR opened at $62.28 on Tuesday. Tapestry, Inc. has a fifty-two week low of $33.29 and a fifty-two week high of $65.30. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93. The company has a 50 day moving average price of $51.92 and a 200 day moving average price of $45.21. The stock has a market capitalization of $14.51 billion, a P/E ratio of 18.00, a PEG ratio of 2.16 and a beta of 1.60.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, December 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.25%. Tapestry’s dividend payout ratio is presently 40.46%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TPR shares. Wells Fargo & Company boosted their price target on shares of Tapestry from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Telsey Advisory Group upped their price target on Tapestry from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Robert W. Baird increased their price target on Tapestry from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Daiwa America raised Tapestry to a “hold” rating in a research note on Monday, November 18th. Finally, Evercore ISI raised their target price on Tapestry from $47.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus target price of $57.78.

Tapestry Company 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.