Anson Funds Management LP Has $5.10 Million Position in Tapestry, Inc. $TPR

Anson Funds Management LP lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 350.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 45,000 shares of the luxury accessories retailer’s stock after buying an additional 35,000 shares during the quarter. Anson Funds Management LP’s holdings in Tapestry were worth $5,095,000 as of its most recent filing with the SEC.

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

Tapestry Trading Down 0.4%

Shares of TPR stock opened at $142.12 on Friday. 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 $28.77 billion, a P/E ratio of 58.73, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55. The stock has a 50 day simple moving average of $141.96 and a 200 day simple moving average of $123.09. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last posted its quarterly earnings data 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. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given 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 (DPR) is presently 66.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. The Goldman Sachs Group set a $166.00 price target on Tapestry in a research note on Friday, February 6th. Wells Fargo & Company upped their price objective on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Argus set a $165.00 price objective on Tapestry in a research report on Thursday. Finally, BNP Paribas Exane assumed coverage on Tapestry in a report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Insiders Place Their Bets

In other Tapestry news, CEO Todd Kahn sold 39,815 shares of the stock in a transaction dated Monday, February 9th. The shares were 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 in the company, valued at $18,248,274.52. This represents a 24.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider directly owned 26,942 shares in the company, valued at approximately $4,192,714.04. This represents a 25.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,956 shares of company stock valued at $25,297,262 over the last 90 days. 1.32% of the stock is owned by company insiders.

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.