Cognios Capital LLC Takes $2.39 Million Position in Tapestry Inc (TPR)

Cognios Capital LLC bought a new stake in shares of Tapestry Inc (NYSE:TPR) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 54,088 shares of the luxury accessories retailer’s stock, valued at approximately $2,390,000. Tapestry accounts for 0.9% of Cognios Capital LLC’s holdings, making the stock its 29th biggest position.

Several other large investors also recently made changes to their positions in TPR. Hexavest Inc. purchased a new stake in shares of Tapestry during the 4th quarter valued at about $106,000. Dupont Capital Management Corp purchased a new stake in shares of Tapestry during the 4th quarter valued at about $110,000. Cerebellum GP LLC purchased a new stake in shares of Tapestry during the 4th quarter valued at about $118,000. M&R Capital Management Inc. purchased a new stake in shares of Tapestry during the 3rd quarter valued at about $153,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Tapestry during the 4th quarter valued at about $163,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

TPR has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Tapestry from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Susquehanna Bancshares initiated coverage on Tapestry in a research note on Thursday, November 2nd. They set a “positive” rating and a $50.00 price objective for the company. Citigroup initiated coverage on Tapestry in a research note on Thursday, November 2nd. They set a “positive” rating and a $50.00 price objective for the company. William Blair restated a “buy” rating on shares of Tapestry in a research note on Saturday, October 21st. Finally, Canaccord Genuity set a $58.00 price objective on Tapestry and gave the company a “buy” rating in a research note on Sunday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.23.

Tapestry Inc (TPR) opened at $48.85 on Friday. The company has a market capitalization of $13,890.00, a P/E ratio of 43.62, a PEG ratio of 1.75 and a beta of 0.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.90 and a quick ratio of 1.25. Tapestry Inc has a 12-month low of $36.69 and a 12-month high of $50.71.

Tapestry (NYSE:TPR) last issued its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 EPS for the quarter, topping the consensus estimate of $0.86 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. Tapestry had a return on equity of 23.68% and a net margin of 6.14%. The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. research analysts expect that Tapestry Inc will post 2.5 earnings per share for the current year.

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Tapestry 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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