OneDigital Investment Advisors LLC Has $353,000 Holdings in Tapestry, Inc. (NYSE:TPR)

OneDigital Investment Advisors LLC lifted its position in Tapestry, Inc. (NYSE:TPR) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,520 shares of the luxury accessories retailer’s stock after purchasing an additional 218 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Tapestry were worth $353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Tapestry by 53.1% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Tapestry by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,551,778 shares of the luxury accessories retailer’s stock worth $151,965,000 after buying an additional 165,406 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Tapestry by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,732,590 shares of the luxury accessories retailer’s stock worth $116,928,000 after acquiring an additional 46,760 shares during the last quarter. AQR Capital Management LLC increased its position in Tapestry by 235.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,497,514 shares of the luxury accessories retailer’s stock valued at $61,578,000 after acquiring an additional 1,051,743 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Tapestry by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 1,462,721 shares of the luxury accessories retailer’s stock valued at $62,590,000 after acquiring an additional 17,497 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Performance

Tapestry stock opened at $56.30 on Friday. Tapestry, Inc. has a twelve month low of $30.20 and a twelve month high of $58.49. 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 company has a market capitalization of $13.12 billion, a P/E ratio of 16.27, a PEG ratio of 1.92 and a beta of 1.53. The stock’s 50 day moving average is $47.70 and its 200 day moving average is $43.41.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.40 dividend on an annualized basis and a yield of 2.49%. Tapestry’s dividend payout ratio is presently 40.46%.

Insider Activity

In other Tapestry news, VP Manesh Dadlani sold 8,872 shares of Tapestry stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.96, for a total value of $514,221.12. Following the sale, the vice president now directly owns 35,003 shares in the company, valued at approximately $2,028,773.88. The trade was a 20.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James reissued an “outperform” rating and issued a $57.00 target price (up from $55.00) on shares of Tapestry in a research note on Friday, November 8th. Telsey Advisory Group boosted their price objective on Tapestry from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. The Goldman Sachs Group upped their target price on shares of Tapestry from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Daiwa America upgraded shares of Tapestry to a “hold” rating in a research report on Monday. Finally, StockNews.com lowered shares of Tapestry from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.78.

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.