6,500 Shares in Tapestry, Inc. $TPR Bought by U S Global Investors Inc.

U S Global Investors Inc. bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,500 shares of the luxury accessories retailer’s stock, valued at approximately $571,000.

A number of other large investors have also recently made changes to their positions in TPR. Farther Finance Advisors LLC lifted its stake in shares of Tapestry by 26.6% in the first quarter. Farther Finance Advisors LLC now owns 9,201 shares of the luxury accessories retailer’s stock valued at $671,000 after buying an additional 1,933 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Tapestry by 17.3% in the first quarter. GAMMA Investing LLC now owns 8,848 shares of the luxury accessories retailer’s stock valued at $623,000 after buying an additional 1,304 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Tapestry by 87.2% in the first quarter. SG Americas Securities LLC now owns 36,419 shares of the luxury accessories retailer’s stock valued at $2,564,000 after buying an additional 16,964 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Tapestry by 15.0% in the first quarter. Handelsbanken Fonder AB now owns 69,146 shares of the luxury accessories retailer’s stock valued at $4,869,000 after buying an additional 9,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Tapestry by 1.1% in the first quarter. Assenagon Asset Management S.A. now owns 106,368 shares of the luxury accessories retailer’s stock valued at $7,489,000 after buying an additional 1,181 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TPR shares. Cowen reaffirmed a “buy” rating on shares of Tapestry in a research note on Thursday, August 7th. Raymond James Financial reiterated an “outperform” rating and issued a $115.00 target price (up previously from $85.00) on shares of Tapestry in a report on Tuesday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 target price on shares of Tapestry in a report on Thursday, September 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $112.00 target price on shares of Tapestry in a report on Friday, August 15th. Finally, Wells Fargo & Company increased their target price on shares of Tapestry from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.42.

Tapestry Stock Performance

NYSE TPR opened at $108.35 on Friday. Tapestry, Inc. has a 52-week low of $43.07 and a 52-week high of $117.77. The company has a 50-day simple moving average of $107.67 and a 200 day simple moving average of $90.60. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The company has a market capitalization of $22.43 billion, a PE ratio of 171.98, a price-to-earnings-growth ratio of 2.74 and a beta of 1.57.

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

Tapestry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. This is a boost from Tapestry’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, September 5th. Tapestry’s dividend payout ratio is 253.97%.

Insider Transactions at Tapestry

In other news, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction dated 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 $2,089,756.90. This trade represents a 27.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction dated 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 transaction, the director owned 8,153 shares of the company’s stock, valued at $865,767.07. The trade was a 58.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.

Tapestry 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.