Coldstream Capital Management Inc. Has $406,000 Stock Holdings in Tapestry, Inc. (NYSE:TPR)

Coldstream Capital Management Inc. increased its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 12.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,573 shares of the luxury accessories retailer’s stock after acquiring an additional 970 shares during the period. Coldstream Capital Management Inc.’s holdings in Tapestry were worth $406,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 272,007 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Tapestry by 1.0% during the third quarter. Pacer Advisors Inc. now owns 6,078,760 shares of the luxury accessories retailer’s stock worth $285,580,000 after acquiring an additional 58,135 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tapestry by 1.5% during the third quarter. Geode Capital Management LLC now owns 5,588,879 shares of the luxury accessories retailer’s stock worth $262,156,000 after acquiring an additional 80,681 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Tapestry by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,551,778 shares of the luxury accessories retailer’s stock worth $151,965,000 after purchasing an additional 165,406 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Tapestry by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 2,732,590 shares of the luxury accessories retailer’s stock valued at $116,928,000 after purchasing an additional 46,760 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Tapestry Price Performance

Shares of NYSE TPR opened at $63.20 on Friday. The company has a market capitalization of $14.73 billion, a PE ratio of 18.27, a PEG ratio of 1.80 and a beta of 1.60. The company has a quick ratio of 4.38, a current ratio of 4.93 and a debt-to-equity ratio of 2.35. The stock’s 50 day moving average price is $53.20 and its 200-day moving average price is $45.75. Tapestry, Inc. has a twelve month low of $35.06 and a twelve month high of $65.30.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.40 annualized dividend and a yield of 2.22%. Tapestry’s dividend payout ratio is currently 40.46%.

Analysts Set New Price Targets

TPR has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Tapestry from $51.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price objective on Tapestry from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, November 15th. StockNews.com cut Tapestry from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group boosted their price target on shares of Tapestry from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Robert W. Baird raised their price objective on shares of Tapestry from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.94.

Insider Buying and Selling at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the transaction, the vice president now directly owns 35,003 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

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.