First Manhattan Co. decreased its stake in Tapestry Inc (NYSE:COH) by 33.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,243 shares of the company’s stock after selling 38,960 shares during the period. First Manhattan Co.’s holdings in Tapestry were worth $3,111,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased its stake in shares of Tapestry by 0.3% in the second quarter. Stratos Wealth Partners LTD. now owns 10,175 shares of the company’s stock worth $482,000 after purchasing an additional 32 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Tapestry by 0.5% in the second quarter. LS Investment Advisors LLC now owns 10,290 shares of the company’s stock worth $487,000 after purchasing an additional 53 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Tapestry by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,886 shares of the company’s stock worth $989,000 after purchasing an additional 70 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in shares of Tapestry by 1.0% in the second quarter. Benedict Financial Advisors Inc. now owns 8,484 shares of the company’s stock worth $414,000 after purchasing an additional 81 shares in the last quarter. Finally, Ledyard National Bank increased its stake in shares of Tapestry by 1.2% in the second quarter. Ledyard National Bank now owns 11,802 shares of the company’s stock worth $559,000 after purchasing an additional 140 shares in the last quarter.

Separately, Susquehanna Bancshares Inc started coverage on shares of Tapestry in a research note on Thursday. They issued a “positive” rating and a $50.00 target price for the company.

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Tapestry Company Profile

Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company‚Äôs brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.

Institutional Ownership by Quarter for Tapestry (NYSE:COH)

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