Tapestry Inc (COH) Now Covered by Susquehanna Bancshares Inc
Equities researchers at Susquehanna Bancshares Inc assumed coverage on shares of Tapestry Inc (NYSE:COH) in a research report issued on Thursday. The firm set a “positive” rating and a $50.00 price target on the stock.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Tapestry by 3.3% in the second quarter. Vanguard Group Inc. now owns 28,909,152 shares of the company’s stock valued at $1,368,559,000 after acquiring an additional 926,068 shares in the last quarter. BlackRock Inc. boosted its stake in Tapestry by 0.5% in the second quarter. BlackRock Inc. now owns 17,761,037 shares of the company’s stock valued at $840,807,000 after acquiring an additional 86,847 shares in the last quarter. American Century Companies Inc. boosted its stake in Tapestry by 118.6% in the third quarter. American Century Companies Inc. now owns 6,155,718 shares of the company’s stock valued at $247,952,000 after acquiring an additional 3,339,718 shares in the last quarter. Jennison Associates LLC boosted its stake in Tapestry by 13.6% in the second quarter. Jennison Associates LLC now owns 4,637,031 shares of the company’s stock valued at $219,517,000 after acquiring an additional 553,533 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Tapestry in the third quarter valued at approximately $82,146,000.
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’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.
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