Decker Retirement Planning Inc. Has $3.30 Million Holdings in Tapestry, Inc. (NYSE:TPR)

Decker Retirement Planning Inc. lowered its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,918 shares of the luxury accessories retailer's stock after selling 5,685 shares during the period. Tapestry comprises 2.1% of Decker Retirement Planning Inc.'s holdings, making the stock its 7th largest position. Decker Retirement Planning Inc.'s holdings in Tapestry were worth $3,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC boosted its stake in Tapestry by 40.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 519 shares of the luxury accessories retailer's stock worth $34,000 after purchasing an additional 150 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Tapestry by 13.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,586 shares of the luxury accessories retailer's stock worth $104,000 after buying an additional 182 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Tapestry by 25.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 963 shares of the luxury accessories retailer's stock worth $68,000 after buying an additional 194 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of Tapestry by 1.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 12,744 shares of the luxury accessories retailer's stock worth $833,000 after buying an additional 200 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Tapestry by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,954 shares of the luxury accessories retailer's stock worth $1,304,000 after buying an additional 230 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TPR shares. UBS Group raised their target price on shares of Tapestry from $68.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Wells Fargo & Company reiterated an "overweight" rating and issued a $100.00 target price (up from $90.00) on shares of Tapestry in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Tapestry from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Barclays raised their target price on shares of Tapestry from $83.00 to $98.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $85.00 target price (up from $74.00) on shares of Tapestry in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.78.

Tapestry Price Performance

NYSE:TPR traded up $0.94 during mid-day trading on Friday, reaching $87.16. The stock had a trading volume of 7,819,987 shares, compared to its average volume of 3,130,951. The stock has a 50-day simple moving average of $78.40 and a two-hundred day simple moving average of $74.25. The stock has a market capitalization of $18.10 billion, a PE ratio of 17.53, a P/E/G ratio of 1.94 and a beta of 1.46. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.76 and a quick ratio of 1.22. Tapestry, Inc. has a 12 month low of $35.23 and a 12 month high of $90.85.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The luxury accessories retailer reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. Tapestry had a net margin of 12.50% and a return on equity of 51.84%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the firm posted $0.81 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, June 6th. Tapestry's dividend payout ratio is presently 36.84%.

Insider Buying and Selling

In other news, VP Manesh Dadlani sold 1,399 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $81.88, for a total transaction of $114,550.12. Following the completion of the sale, the vice president now directly owns 40,922 shares of the company's stock, valued at $3,350,693.36. The trade was a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd Kahn sold 40,000 shares of Tapestry stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $81.40, for a total value of $3,256,000.00. Following the transaction, the chief executive officer now directly owns 116,062 shares in the company, valued at approximately $9,447,446.80. The trade was a 25.63% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

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.