4,836 Shares in Tapestry, Inc. $TPR Acquired by Traub Capital Management LLC

Traub Capital Management LLC acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the second quarter, Holdings Channel reports. The firm acquired 4,836 shares of the luxury accessories retailer’s stock, valued at approximately $425,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Jump Financial LLC increased its holdings in shares of Tapestry by 1,025.9% during the first quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer’s stock valued at $5,612,000 after acquiring an additional 72,623 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Tapestry during the 1st quarter valued at about $1,476,000. Nuveen LLC purchased a new stake in Tapestry during the 1st quarter valued at about $59,133,000. Hsbc Holdings PLC increased its stake in Tapestry by 50.6% during the 1st quarter. Hsbc Holdings PLC now owns 351,793 shares of the luxury accessories retailer’s stock valued at $24,596,000 after purchasing an additional 118,200 shares in the last quarter. Finally, Range Financial Group LLC raised its holdings in Tapestry by 20.5% in the second quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer’s stock worth $3,376,000 after buying an additional 6,535 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TPR shares. Barclays increased their price target on shares of Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 10th. Cowen reaffirmed a “buy” rating on shares of Tapestry in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Robert W. Baird set a $130.00 target price on Tapestry in a research report on Wednesday, October 29th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.26.

Tapestry Price Performance

Shares of NYSE:TPR opened at $103.35 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $21.15 billion, a PE ratio of 164.04, a price-to-earnings-growth ratio of 2.72 and a beta of 1.71. The firm’s 50 day moving average price is $110.76 and its 200-day moving average price is $99.23. Tapestry, Inc. has a twelve month low of $54.98 and a twelve month high of $118.56.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Equities research analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, December 5th. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Tapestry declared that its Board of Directors has approved a stock buyback plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the transaction, the vice president directly owned 21,098 shares of the company’s stock, valued at $2,089,756.90. The trade was a 27.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan Ka Ming Lau sold 11,320 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the sale, the director directly owned 8,153 shares of the company’s stock, valued at $865,767.07. This represents a 58.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is owned by company insiders.

Tapestry Company Profile

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.