Radnor Capital Management LLC Has $287,000 Holdings in Tapestry, Inc. (NYSE:TPR)

Radnor Capital Management LLC decreased its position in Tapestry, Inc. (NYSE:TPR) by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,400 shares of the luxury accessories retailer’s stock after selling 14,640 shares during the quarter. Radnor Capital Management LLC’s holdings in Tapestry were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Tapestry by 53.1% during the second quarter. Pacer Advisors Inc. now owns 6,020,625 shares of the luxury accessories retailer’s stock worth $257,623,000 after purchasing an additional 2,087,586 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Tapestry in the third quarter valued at about $64,016,000. AQR Capital Management LLC raised its holdings in Tapestry by 235.9% during the second quarter. AQR Capital Management LLC now owns 1,497,514 shares of the luxury accessories retailer’s stock worth $61,578,000 after acquiring an additional 1,051,743 shares in the last quarter. Bank of Montreal Can boosted its position in Tapestry by 76.6% during the third quarter. Bank of Montreal Can now owns 1,244,070 shares of the luxury accessories retailer’s stock valued at $59,641,000 after purchasing an additional 539,793 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Tapestry by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,614,558 shares of the luxury accessories retailer’s stock worth $357,732,000 after purchasing an additional 272,007 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Tapestry Stock Up 2.9 %

Shares of TPR opened at $69.63 on Friday. The company has a current ratio of 4.93, a quick ratio of 4.38 and a debt-to-equity ratio of 2.35. Tapestry, Inc. has a 12 month low of $35.23 and a 12 month high of $69.84. The firm’s 50 day moving average is $62.11 and its 200-day moving average is $49.51. The stock has a market capitalization of $16.23 billion, a PE ratio of 20.12, a P/E/G ratio of 1.91 and a beta of 1.58.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were issued a $0.35 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.40 annualized dividend and a yield of 2.01%. Tapestry’s dividend payout ratio is presently 40.46%.

Insider Activity

In related news, VP Manesh Dadlani sold 8,872 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.96, for a total value of $514,221.12. Following the completion of the transaction, the vice president now owns 35,003 shares of the company’s stock, valued at $2,028,773.88. The trade was a 20.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Raymond James restated an “outperform” rating and set a $57.00 target price (up from $55.00) on shares of Tapestry in a report on Friday, November 8th. Daiwa America upgraded shares of Tapestry to a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company boosted their price target on Tapestry from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays raised Tapestry from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $57.00 to $87.00 in a research report on Wednesday, January 8th. Finally, Robert W. Baird boosted their target price on Tapestry from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.76.

About Tapestry

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.