Tapestry Inc (NYSE:TPR) CEO Victor Luis sold 123,780 shares of Tapestry stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $50.02, for a total value of $6,191,475.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Tapestry Inc (NYSE TPR) traded up $0.34 during trading on Wednesday, hitting $50.49. The company had a trading volume of 2,590,000 shares, compared to its average volume of 3,130,000. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.90 and a quick ratio of 1.51. Tapestry Inc has a 1 year low of $37.53 and a 1 year high of $50.99. The firm has a market cap of $14,360.00, a P/E ratio of 45.08, a P/E/G ratio of 1.73 and a beta of 0.59.
Tapestry (NYSE:TPR) last issued its quarterly earnings data on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.21. Tapestry had a return on equity of 23.68% and a net margin of 6.14%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. equities research analysts expect that Tapestry Inc will post 2.56 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC acquired a new position in shares of Tapestry during the 4th quarter worth approximately $68,164,000. Teachers Advisors LLC acquired a new position in Tapestry in the 4th quarter valued at $60,517,000. Raymond James & Associates acquired a new position in Tapestry in the 4th quarter valued at $6,470,000. Teachers Retirement System of The State of Kentucky acquired a new position in Tapestry in the 4th quarter valued at $1,384,000. Finally, HBK Investments L P acquired a new position in Tapestry in the 4th quarter valued at $5,073,000. Hedge funds and other institutional investors own 87.97% of the company’s stock.
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Tapestry Company 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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