<div id="readability-page-1"><p>Bank of Montreal Can lifted its position in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor owned 704,277 shares of the luxury accessories retailer's stock after acquiring an additional 16,040 shares during the quarter. Bank of Montreal Can owned 0.31% of Tapestry worth $29,594,000 as of its most recent SEC filing.</p><ul><li>Retail Earnings: Value, Caution, and Luxury in a Shifting Market</li></ul><p>Other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in Tapestry in the 1st quarter worth about $35,000. BNP Paribas acquired a new position in shares of Tapestry during the 1st quarter worth approximately $38,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Tapestry by 54.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 935 shares of the luxury accessories retailer's stock valued at $40,000 after buying an additional 328 shares in the last quarter. Blue Trust Inc. grew its stake in Tapestry by 111.9% in the 2nd quarter. Blue Trust Inc. now owns 1,053 shares of the luxury accessories retailer's stock valued at $50,000 after acquiring an additional 556 shares during the period. Finally, MUFG Securities EMEA plc grew its stake in Tapestry by 34.9% in the 2nd quarter. MUFG Securities EMEA plc now owns 1,226 shares of the luxury accessories retailer's stock valued at $52,000 after acquiring an additional 317 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Ratings Changes</h2><p>TPR has been the subject of a number of research analyst reports. JPMorgan Chase &amp; Co. reduced their price objective on shares of Tapestry from $54.00 to $51.00 and set an &#34;overweight&#34; rating for the company in a research report on Friday, August 16th. StockNews.com upgraded shares of Tapestry from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Wednesday. Argus reiterated a &#34;buy&#34; rating and issued a $52.00 price objective on shares of Tapestry in a report on Tuesday, June 18th. Citigroup cut their price objective on Tapestry from $50.00 to $49.00 and set a &#34;buy&#34; rating for the company in a research note on Tuesday, August 6th. Finally, UBS Group decreased their target price on Tapestry from $42.00 to $40.00 and set a &#34;neutral&#34; rating on the stock in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $47.07.</p><ul><li>Canada Goose Flies Higher Driven By DTC Growth</li></ul><p><b>Check Out Our Latest Stock Report on Tapestry</b></p><h2>Tapestry Stock Performance</h2><p>Shares of Tapestry stock opened at $47.00 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 4.66 and a current ratio of 5.14. The business's 50 day moving average price is $40.81 and its 200 day moving average price is $41.99. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.64 and a beta of 1.54. Tapestry, Inc. has a one year low of $25.99 and a one year high of $48.80. </p><ul><li>3 Value Stocks Too Small for Warren Buffett to Buy</li></ul><p>Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results on Thursday, August 15th. The luxury accessories retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Tapestry had a net margin of 12.23% and a return on equity of 37.22%. Tapestry's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. On average, research analysts predict that Tapestry, Inc. will post 4.47 EPS for the current year. </p><h2>Tapestry Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, September 6th. This represents a $1.40 annualized dividend and a yield of 2.98%. Tapestry's dividend payout ratio (DPR) is 37.04%. </p><h2>About Tapestry</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Tapestry</li><li>What Does Downgrade Mean in Investing?</li><li>Rocket Lab Stock Soars: Should Investors Chase the Rally?</li><li>Roth IRA Calculator: Calculate Your Potential Returns</li><li>KB Home Slips After Earnings: What’s Next for Homebuilders?</li><li>Stock Ratings and Recommendations: Understanding Analyst Ratings</li><li>Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat</li></ul><p><strong>Want to see what other hedge funds are holding TPR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tapestry, Inc. (NYSE:TPR - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Bank of Montreal Can increased its stake in Tapestry, Inc. (NYSE:TPR) by 2.3% in Q2, now owning 704,277 shares valued at $24,594,000. Other institutional investors also adjusted their holdings. Analysts have mixed ratings on Tapestry, with an average rating of "Moderate Buy" and a price target of $34.07. Tapestry reported Q2 earnings of $1.92 per share, exceeding estimates, with revenue of $1.59 billion. The company announced a quarterly dividend of $0.35 per share, yielding 2.98%.</p>

Tapestry, Inc. (NYSE:TPR) Shares Acquired by Bank of Montreal Can