Severin Investments LLC Takes Position in Tapestry, Inc. $TPR

Severin Investments LLC bought a new stake in Tapestry, Inc. (NYSE:TPR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,016 shares of the luxury accessories retailer’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new position in shares of Tapestry in the third quarter valued at about $26,000. Triumph Capital Management bought a new position in shares of Tapestry in the third quarter valued at about $29,000. Steph & Co. raised its holdings in shares of Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Tapestry in the fourth quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Tapestry by 2,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TPR shares. Argus set a $165.00 price target on Tapestry in a report on Thursday, March 12th. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. BTIG Research reaffirmed a “buy” rating and issued a $180.00 price target on shares of Tapestry in a report on Friday, May 8th. BNP Paribas Exane started coverage on Tapestry in a report on Friday, February 13th. They set an “outperform” rating and a $176.00 price objective for the company. Finally, Citigroup boosted their price objective on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $160.67.

Tapestry Trading Down 1.2%

NYSE:TPR opened at $138.92 on Thursday. Tapestry, Inc. has a twelve month low of $76.92 and a twelve month high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The business has a 50 day moving average price of $142.16 and a two-hundred day moving average price of $134.53. The company has a market cap of $28.07 billion, a P/E ratio of 44.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.45.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, analysts expect that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio is 51.28%.

Insider Buying and Selling

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the sale, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Tapestry 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.