Quantbot Technologies LP Trims Holdings in Tapestry, Inc. $TPR

Quantbot Technologies LP lowered its stake in Tapestry, Inc. (NYSE:TPR) by 43.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,024 shares of the luxury accessories retailer’s stock after selling 13,312 shares during the period. Quantbot Technologies LP’s holdings in Tapestry were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TPR. Schroder Investment Management Group increased its holdings in shares of Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after acquiring an additional 3,775,593 shares in the last quarter. Norges Bank purchased a new stake in Tapestry during the 2nd quarter valued at about $227,248,000. Massachusetts Financial Services Co. MA increased its stake in Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock valued at $277,295,000 after purchasing an additional 1,750,566 shares in the last quarter. AQR Capital Management LLC raised its holdings in Tapestry by 36.0% in the second quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after buying an additional 939,227 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Tapestry by 2,547.4% in the second quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock worth $83,917,000 after buying an additional 919,569 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TPR shares. BTIG Research raised their price target on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Barclays set a $179.00 target price on Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. Wells Fargo & Company upped their price target on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Morgan Stanley increased their price objective on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.00.

Tapestry Stock Performance

Shares of TPR opened at $157.08 on Thursday. The firm has a market capitalization of $31.80 billion, a P/E ratio of 64.91, a PEG ratio of 1.85 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The business has a fifty day moving average of $139.73 and a 200 day moving average of $120.83.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is currently 66.12%.

Tapestry declared that its board has authorized a share buyback plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares in the company, valued at $21,233,715.36. This trade represents a 24.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by corporate insiders.

Tapestry Company Profile

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.