WINTON GROUP Ltd Grows Stake in Tapestry, Inc. $TPR

WINTON GROUP Ltd raised its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 44.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,024 shares of the luxury accessories retailer’s stock after purchasing an additional 17,302 shares during the period. WINTON GROUP Ltd’s holdings in Tapestry were worth $6,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPR. Cloud Capital Management LLC acquired a new stake in shares of Tapestry in the 3rd quarter worth $26,000. Vestor Capital LLC acquired a new position in Tapestry during the 2nd quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new stake in Tapestry in the second quarter valued at about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in Tapestry in the second quarter valued at about $45,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Tapestry in the second quarter worth about $52,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the sale, the vice president directly owned 18,475 shares of the company’s stock, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value 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. This represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by corporate insiders.

Tapestry Trading Up 0.8%

Tapestry stock opened at $145.33 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 60.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The stock has a 50-day moving average price of $140.68 and a 200 day moving average price of $121.99.

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

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio is presently 66.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Sunday. UBS Group reiterated a “neutral” rating and issued a $141.00 target price on shares of Tapestry in a research note on Monday, February 9th. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Telsey Advisory Group upped their price target on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Barclays set a $179.00 price target on shares of Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. Two investment 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’s stock. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $147.00.

About Tapestry

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.