Tapestry, Inc. $TPR Shares Purchased by Fund 1 Investments LLC

Fund 1 Investments LLC lifted its position in Tapestry, Inc. (NYSE:TPR) by 5,060.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 25,800 shares of the luxury accessories retailer’s stock after acquiring an additional 25,300 shares during the period. Fund 1 Investments LLC’s holdings in Tapestry were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Flaharty Asset Management LLC bought a new position in Tapestry during the first quarter worth $25,000. First PREMIER Bank acquired a new stake in shares of Tapestry during the second quarter worth $25,000. Vestor Capital LLC bought a new position in shares of Tapestry in the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Tapestry in the 1st quarter valued at about $29,000. Finally, CVA Family Office LLC boosted its holdings in shares of Tapestry by 224.8% in the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock valued at $33,000 after buying an additional 263 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Scott A. Roe sold 18,794 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the transaction, the chief financial officer directly owned 148,149 shares in the company, valued at $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd Kahn sold 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total transaction of $2,982,070.00. Following the transaction, the chief executive officer owned 86,736 shares in the company, valued at $8,919,062.88. This represents a 25.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last 90 days. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TPR shares. Robert W. Baird set a $130.00 target price on shares of Tapestry in a report on Wednesday, October 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price target on shares of Tapestry in a research report on Friday, November 7th. The Goldman Sachs Group boosted their price objective on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. Finally, BTIG Research initiated coverage on Tapestry in a research note on Tuesday, October 14th. They issued a “buy” rating and a $140.00 target price on the stock. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.63.

Tapestry Stock Down 0.2%

TPR opened at $123.22 on Friday. The stock’s 50 day moving average price is $111.05 and its 200 day moving average price is $103.06. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.52 and a quick ratio of 0.93. The stock has a market cap of $25.22 billion, a P/E ratio of 110.02, a P/E/G ratio of 2.54 and a beta of 1.65. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $125.18.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. 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 earnings per share for the current year.

Tapestry declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits 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 board believes its stock is undervalued.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, December 5th. Tapestry’s dividend payout ratio is currently 142.86%.

Tapestry Company 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.