Tapestry Inc (NYSE:TPR) was the target of some unusual options trading activity on Monday. Stock traders acquired 16,971 call options on the company. This is an increase of approximately 982% compared to the typical volume of 1,568 call options.
Shares of Tapestry (TPR) opened at $50.10 on Thursday. Tapestry has a 52-week low of $36.69 and a 52-week high of $50.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.74 and a quick ratio of 1.25. The stock has a market cap of $14,250.00, a price-to-earnings ratio of 44.73, a P/E/G ratio of 1.67 and a beta of 0.59.
Tapestry (NYSE:TPR) last posted its quarterly earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.19. Tapestry had a net margin of 9.62% and a return on equity of 20.71%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $0.75 EPS. Tapestry’s revenue was up 35.1% compared to the same quarter last year. equities analysts forecast that Tapestry will post 2.39 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oak Point Wealth Management bought a new position in Tapestry during the 4th quarter valued at $469,000. Point View Wealth Management Inc. bought a new position in Tapestry during the 3rd quarter valued at $552,000. Sheets Smith Wealth Management bought a new position in Tapestry during the 4th quarter valued at $760,000. Public Employees Retirement System of Ohio bought a new position in Tapestry during the 3rd quarter valued at $4,916,000. Finally, CWM LLC bought a new position in Tapestry during the 4th quarter valued at $5,978,000. 88.00% of the stock is owned by institutional investors and hedge funds.
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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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