9,358 Shares in Tapestry, Inc. $TPR Acquired by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,358 shares of the luxury accessories retailer’s stock, valued at approximately $822,000.

Several other hedge funds have also made changes to their positions in TPR. Clarion Wealth Managment Partners LLC bought a new stake in shares of Tapestry in the second quarter valued at about $1,317,000. B. Riley Wealth Advisors Inc. bought a new position in Tapestry during the 2nd quarter worth about $265,000. State of Wyoming purchased a new position in Tapestry during the 2nd quarter valued at about $491,000. Pitcairn Co. raised its holdings in shares of Tapestry by 328.8% in the 2nd quarter. Pitcairn Co. now owns 28,158 shares of the luxury accessories retailer’s stock valued at $2,473,000 after purchasing an additional 21,592 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of Tapestry by 55.8% in the 2nd quarter. Kestra Investment Management LLC now owns 39,077 shares of the luxury accessories retailer’s stock worth $3,431,000 after purchasing an additional 14,002 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total transaction of $67,144.11. Following the completion of the transaction, the insider directly owned 19,285 shares in the company, valued at $2,221,053.45. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd Kahn sold 10,344 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $107.00, for a total value of $1,106,808.00. Following the sale, the chief executive officer directly owned 131,815 shares in the company, valued at $14,104,205. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 115,485 shares of company stock worth $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

Shares of TPR opened at $123.22 on Monday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The stock has a 50-day moving average of $111.05 and a two-hundred day moving average of $103.38. The stock has a market cap of $25.22 billion, a P/E ratio of 110.02, a P/E/G ratio of 2.53 and a beta of 1.65. Tapestry, Inc. has a one year low of $58.39 and a one year high of $125.18.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.13. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, research analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry announced that its Board of Directors has approved a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TPR. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 target price on shares of Tapestry in a research report on Friday, November 7th. Jefferies Financial Group boosted their price target on Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Morgan Stanley lifted their price objective on shares of Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.63.

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.