Syon Capital LLC Buys New Stake in Tapestry, Inc. $TPR

Syon Capital LLC acquired a new stake in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,319 shares of the luxury accessories retailer’s stock, valued at approximately $602,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in Tapestry during the third quarter worth approximately $26,000. Vestor Capital LLC acquired a new stake in Tapestry during the 2nd quarter worth $27,000. CVA Family Office LLC increased its stake in 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 period. Johnson Financial Group Inc. purchased a new stake in shares of Tapestry in the second quarter valued at about $39,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Tapestry by 2,171.4% during the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock worth $54,000 after buying an additional 456 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction on 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 completion of the sale, the chief executive officer owned 671,193 shares of the company’s stock, valued at $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider owned 26,942 shares in the company, valued at $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 175,883 shares of company stock valued at $26,471,214. Corporate insiders own 1.32% of the company’s stock.

Tapestry Trading Up 3.2%

NYSE:TPR opened at $157.11 on Friday. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $158.28. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The stock has a fifty day simple moving average of $134.93 and a 200-day simple moving average of $118.07. The company has a market capitalization of $31.81 billion, a PE ratio of 64.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.63.

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

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 shares. This repurchase authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Tapestry Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TPR shares. BNP Paribas Exane assumed coverage on Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 price objective for the company. Citigroup boosted their price target on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Barclays set a $179.00 price target on Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Tapestry currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

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.