Teacher Retirement System of Texas Increases Stock Position in Tapestry, Inc. $TPR

Teacher Retirement System of Texas grew its holdings in Tapestry, Inc. (NYSE:TPR) by 105.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,927 shares of the luxury accessories retailer’s stock after purchasing an additional 64,042 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Tapestry worth $14,144,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vestor Capital LLC purchased a new stake in Tapestry in the 2nd quarter valued at approximately $27,000. CVA Family Office LLC raised 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 worth $33,000 after acquiring an additional 263 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Tapestry in the second quarter worth $37,000. Johnson Financial Group Inc. purchased a new stake in shares of Tapestry in the second quarter valued at $39,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Tapestry during the second quarter valued at $45,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Performance

Shares of TPR stock opened at $129.97 on Friday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The firm has a market capitalization of $26.60 billion, a price-to-earnings ratio of 116.04, a price-to-earnings-growth ratio of 2.25 and a beta of 1.63. Tapestry, Inc. has a one year low of $58.39 and a one year high of $136.04. The company has a 50 day moving average price of $122.31 and a 200 day moving average price of $112.85.

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

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given 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 of this dividend was Friday, December 5th. Tapestry’s payout ratio is 142.86%.

Tapestry declared that its Board of Directors has approved a share buyback plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $150.00 target price on shares of Tapestry in a research note on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. BTIG Research assumed coverage on shares of Tapestry in a research note on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective on the stock. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and decreased their target price for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Finally, Argus upgraded Tapestry to a “strong-buy” rating in a report on Friday, January 16th. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.11.

Insider Buying and Selling

In other news, CFO Scott A. Roe sold 18,794 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Denise Kulikowsky sold 583 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the sale, the insider owned 19,285 shares of the company’s stock, valued at $2,221,053.45. The trade was a 2.93% decrease in their position. The SEC filing for this sale provides additional information. 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.

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.