Semanteon Capital Management LP Acquires Shares of 5,039 Tapestry, Inc. $TPR

Semanteon Capital Management LP bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,039 shares of the luxury accessories retailer’s stock, valued at approximately $571,000. Tapestry accounts for approximately 0.7% of Semanteon Capital Management LP’s portfolio, making the stock its 17th biggest holding.

A number of other large investors have also recently modified their holdings of the company. Woodline Partners LP lifted its holdings in shares of Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after buying an additional 3,495 shares during the period. Acadian Asset Management LLC bought a new position in Tapestry during the 1st quarter worth about $493,000. Sivia Capital Partners LLC bought a new position in Tapestry during the 2nd quarter worth about $602,000. DekaBank Deutsche Girozentrale increased its position in Tapestry by 16.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,272 shares of the luxury accessories retailer’s stock valued at $978,000 after purchasing an additional 1,630 shares during the period. Finally, Ethic Inc. bought a new stake in shares of Tapestry in the 2nd quarter valued at about $968,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TPR shares. Morgan Stanley boosted their price objective on shares of Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of Tapestry in a research note on Friday, February 6th. Citigroup lifted their target price on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Finally, Evercore boosted their price objective on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Tapestry Trading Up 3.2%

NYSE TPR opened at $157.11 on Friday. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $158.28. The company has a fifty day simple moving average of $134.93 and a two-hundred day simple moving average of $118.11. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The stock has a market cap of $31.81 billion, a P/E ratio of 64.92, a P/E/G ratio of 1.93 and a beta of 1.63.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the firm posted $2.00 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

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

Tapestry announced that its board has initiated a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Tapestry

In related news, CEO Todd Kahn sold 39,815 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the sale, the chief executive officer directly owned 120,578 shares of the company’s stock, valued at $18,248,274.52. This trade represents a 24.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the sale, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. The trade was a 6.78% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 175,883 shares of company stock worth $26,471,214. Insiders own 1.32% of the company’s stock.

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.