CVA Family Office LLC Boosts Stake in Tapestry, Inc. $TPR

CVA Family Office LLC boosted its stake in Tapestry, Inc. (NYSE:TPR) by 224.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 380 shares of the luxury accessories retailer’s stock after purchasing an additional 263 shares during the period. CVA Family Office LLC’s holdings in Tapestry were worth $33,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 1858 Wealth Management LLC grew its stake in shares of Tapestry by 2.5% in the second quarter. 1858 Wealth Management LLC now owns 3,835 shares of the luxury accessories retailer’s stock valued at $337,000 after buying an additional 95 shares in the last quarter. Private Trust Co. NA lifted its stake in Tapestry by 27.2% during the 1st quarter. Private Trust Co. NA now owns 715 shares of the luxury accessories retailer’s stock worth $50,000 after acquiring an additional 153 shares in the last quarter. Mather Group LLC. lifted its stake in Tapestry by 2.8% during the 1st quarter. Mather Group LLC. now owns 6,018 shares of the luxury accessories retailer’s stock worth $424,000 after acquiring an additional 165 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Tapestry by 120.1% during the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock valued at $25,000 after acquiring an additional 197 shares during the period. Finally, MAI Capital Management grew its position in Tapestry by 51.7% in the 1st quarter. MAI Capital Management now owns 593 shares of the luxury accessories retailer’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Performance

Shares of TPR stock opened at $114.71 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. The firm has a fifty day moving average price of $109.19 and a 200 day moving average price of $94.28. The company has a market cap of $23.75 billion, a P/E ratio of 182.08, a PEG ratio of 2.76 and a beta of 1.57. Tapestry, Inc. has a 12 month low of $46.77 and a 12 month high of $118.56.

Tapestry (NYSE:TPR) last posted its quarterly earnings results 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 company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. Sell-side analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Increases Dividend

The firm also recently declared 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 yield of 1.4%. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, September 5th. Tapestry’s dividend payout ratio is currently 253.97%.

Insider Activity at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of the firm’s 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 sale, the director owned 8,153 shares of the company’s stock, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Manesh Dadlani sold 7,882 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the sale, the vice president owned 21,098 shares of the company’s stock, valued at $2,089,756.90. This represents a 27.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Bank of America cut shares of Tapestry from a “buy” rating to a “neutral” rating and raised their price target for the company from $95.00 to $115.00 in a research report on Tuesday, July 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Tapestry in a research report on Thursday, September 11th. Morgan Stanley reiterated an “overweight” rating on shares of Tapestry in a research note on Thursday, September 11th. Finally, Wells Fargo & Company boosted their target price on Tapestry from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.35.

About Tapestry

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.