R Squared Ltd Invests $382,000 in Tapestry, Inc. $TPR

R Squared Ltd acquired a new position in shares of Tapestry, Inc. (NYSE:TPR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,355 shares of the luxury accessories retailer’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. increased its position in Tapestry by 120.1% during the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock worth $25,000 after purchasing an additional 197 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Tapestry during the first quarter worth about $25,000. First PREMIER Bank acquired a new stake in Tapestry during the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Tapestry during the first quarter worth about $29,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in Tapestry during the first quarter worth about $35,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Price Performance

Shares of TPR opened at $114.71 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. The stock has a market cap of $23.75 billion, a PE ratio of 182.08, a P/E/G ratio of 2.76 and a beta of 1.57. The firm has a 50-day simple moving average of $109.19 and a two-hundred day simple moving average of $93.86. Tapestry, Inc. has a 1-year low of $46.77 and a 1-year high of $118.56.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. As a group, analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Tapestry’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, September 5th. Tapestry’s dividend payout ratio (DPR) is presently 253.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TPR shares. Jefferies Financial Group raised their price objective on shares of Tapestry from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI cut their price objective on shares of Tapestry from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Barclays lifted their price target on shares of Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of Tapestry from $139.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $112.00 price target on shares of Tapestry in a research report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.35.

Insider Buying and Selling

In related news, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the completion of the transaction, the vice president owned 21,098 shares in the company, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the transaction, the director owned 8,153 shares of the company’s stock, valued at $865,767.07. This trade represents a 58.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

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.