From MarketBeat:

Victory Capital Management Inc. increased its stake in Tapestry by 4.7% in the 3rd quarter, owning 6,823,763 shares of the stock worth $196,183,000. Several other hedge funds also modified their holdings, with institutional investors owning 92.12% of the company’s stock.

TPR has been the subject of recent research reports, with analysts assigning a consensus rating of “Moderate Buy” and a target price of $45.00. The company recently had $0.93 EPS for the quarter.

Tapestry’s share price traded up $0.71 during midday trading on Friday, reaching $38.97. The firm has a market cap of $8.93 billion, a P/E ratio of 9.92, and a dividend yield of 3.59%.

Tapestry, Inc. delivers luxury accessories and branded lifestyle products globally, operating in three segments: Coach, Kate Spade, and Stuart Weitzman. The company offers women’s handbags and accessories, including small leather goods and novelty accessories.

Tapestry recently declared a quarterly dividend of $0.35 per share, representing a 3.59% dividend yield. The company’s payout ratio is 35.62%.

If you’re considering investing in Tapestry, you’ll want to review the latest research report. You can view the report and stay updated on MarketBeat’s top analyst stock picks.



Read more: Victory Capital Management Inc. Buys 305,658 Shares of Tapestry, Inc. (NYSE:TPR)