Fort Washington Investment Advisors Inc. OH Has $403,000 Stake in Tapestry, Inc. (NYSE:TPR)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Tapestry, Inc. (NYSE:TPR) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,176 shares of the luxury accessories retailer’s stock after selling 942 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Tapestry were worth $403,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Atomi Financial Group Inc. raised its position in Tapestry by 18.5% during the 4th quarter. Atomi Financial Group Inc. now owns 5,716 shares of the luxury accessories retailer’s stock worth $373,000 after purchasing an additional 892 shares during the last quarter. Capricorn Fund Managers Ltd bought a new position in shares of Tapestry in the 4th quarter worth about $3,905,000. UMB Bank n.a. raised its position in shares of Tapestry by 72.9% in the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the luxury accessories retailer’s stock worth $77,000 after acquiring an additional 496 shares in the last quarter. Verity & Verity LLC bought a new position in shares of Tapestry in the 4th quarter worth about $254,000. Finally, Merit Financial Group LLC bought a new position in shares of Tapestry in the 4th quarter worth about $797,000. 90.77% of the stock is owned by institutional investors.

Insider Transactions at Tapestry

In other news, VP Manesh Dadlani sold 8,872 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.96, for a total value of $514,221.12. Following the transaction, the vice president now owns 35,003 shares in the company, valued at $2,028,773.88. The trade was a 20.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TPR shares. BMO Capital Markets lifted their price objective on Tapestry from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Monday, November 18th. UBS Group lifted their price objective on Tapestry from $57.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. TD Cowen lowered Tapestry from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research report on Tuesday, October 29th. Daiwa America raised Tapestry to a “hold” rating in a research report on Monday, November 18th. Finally, Citigroup boosted their target price on Tapestry from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.78.

Tapestry Price Performance

TPR stock opened at $73.56 on Friday. The company has a market capitalization of $17.14 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.58. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.38 and a current ratio of 4.93. Tapestry, Inc. has a 52-week low of $35.23 and a 52-week high of $74.54. The business has a 50-day simple moving average of $64.47 and a two-hundred day simple moving average of $50.77.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. Tapestry’s dividend payout ratio (DPR) is currently 40.46%.

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.