Mather Group LLC. Has $382,000 Stock Holdings in Tapestry, Inc. (NYSE:TPR)

Mather Group LLC. boosted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,853 shares of the luxury accessories retailer’s stock after buying an additional 435 shares during the period. Mather Group LLC.’s holdings in Tapestry were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TPR. Waldron Private Wealth LLC acquired a new position in Tapestry during the third quarter valued at $25,000. Brooklyn Investment Group acquired a new position in Tapestry during the third quarter valued at $47,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tapestry during the second quarter valued at $68,000. Deseret Mutual Benefit Administrators raised its position in Tapestry by 68.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,492 shares of the luxury accessories retailer’s stock valued at $70,000 after buying an additional 605 shares during the period. Finally, Transamerica Financial Advisors Inc. raised its position in Tapestry by 159,100.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,592 shares of the luxury accessories retailer’s stock valued at $75,000 after buying an additional 1,591 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Price Performance

Shares of NYSE:TPR opened at $73.40 on Thursday. The business has a 50 day moving average price of $67.29 and a 200 day moving average price of $52.80. Tapestry, Inc. has a twelve month low of $35.23 and a twelve month high of $76.49. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.07 and a beta of 1.58. The company has a quick ratio of 4.38, a current ratio of 4.93 and a debt-to-equity ratio of 2.35.

Wall Street Analyst Weigh In

TPR has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on Tapestry from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group boosted their target price on Tapestry from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Guggenheim boosted their target price on Tapestry from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America boosted their target price on Tapestry from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com downgraded Tapestry from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.28.

Insider Activity at Tapestry

In related news, VP Manesh Dadlani sold 8,872 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.96, for a total transaction of $514,221.12. Following the completion of the sale, the vice president now owns 35,003 shares in the company, valued at $2,028,773.88. This represents a 20.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by corporate insiders.

Tapestry Company 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.