Rakuten Investment Management Inc. Makes New $665,000 Investment in Tapestry, Inc. $TPR

Rakuten Investment Management Inc. acquired a new stake in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,874 shares of the luxury accessories retailer’s stock, valued at approximately $665,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vestor Capital LLC bought a new stake in Tapestry in the 2nd quarter valued at $27,000. CVA Family Office LLC increased its holdings in shares of Tapestry by 224.8% in the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock valued at $33,000 after purchasing an additional 263 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Tapestry in the second quarter valued at about $37,000. Johnson Financial Group Inc. bought a new position in shares of Tapestry in the second quarter valued at about $39,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Tapestry during the 2nd quarter worth about $45,000. 90.77% of the stock is currently owned by institutional investors.

Tapestry Trading Up 0.3%

Shares of NYSE:TPR opened at $129.97 on Friday. The business’s 50 day simple moving average is $122.31 and its 200 day simple moving average is $112.85. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $136.04. 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 company has a market capitalization of $26.60 billion, a P/E ratio of 116.04, a P/E/G ratio of 2.25 and a beta of 1.63.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, research analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry declared that its board has approved a share repurchase program on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, December 5th. Tapestry’s dividend payout ratio is presently 142.86%.

Insider Transactions at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of Tapestry stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider directly owned 19,285 shares of the company’s stock, valued at $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Todd Kahn sold 29,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.83, for a total value of $2,982,070.00. Following the sale, the chief executive officer owned 86,736 shares of the company’s stock, valued at $8,919,062.88. The trade was a 25.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 115,485 shares of company stock worth $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TPR shares. Wells Fargo & Company upped their price target on shares of Tapestry from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Guggenheim started coverage on Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Argus upgraded Tapestry to a “strong-buy” rating in a research note on Friday, January 16th. UBS Group boosted their price target on Tapestry from $105.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Morgan Stanley increased their price objective on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.11.

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.