21,153 Shares in Tapestry, Inc. $TPR Acquired by Great Diamond Partners LLC

Great Diamond Partners LLC purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,153 shares of the luxury accessories retailer’s stock, valued at approximately $2,395,000.

A number of other hedge funds also recently made changes to their positions in TPR. Abacus FCF Advisors LLC acquired a new stake in shares of Tapestry during the 3rd quarter worth $17,332,000. Sivia Capital Partners LLC grew its position in Tapestry by 20.1% during the third quarter. Sivia Capital Partners LLC now owns 8,237 shares of the luxury accessories retailer’s stock valued at $933,000 after acquiring an additional 1,377 shares during the period. waypoint wealth counsel increased its stake in Tapestry by 17.3% during the third quarter. waypoint wealth counsel now owns 5,315 shares of the luxury accessories retailer’s stock worth $602,000 after acquiring an additional 785 shares during the last quarter. Range Financial Group LLC increased its stake in Tapestry by 1.8% during the third quarter. Range Financial Group LLC now owns 39,136 shares of the luxury accessories retailer’s stock worth $4,431,000 after acquiring an additional 689 shares during the last quarter. Finally, Ethic Inc. raised its holdings in shares of Tapestry by 4.8% in the 3rd quarter. Ethic Inc. now owns 11,645 shares of the luxury accessories retailer’s stock worth $1,318,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of Tapestry stock in a transaction 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 completion of the sale, the insider owned 19,285 shares in the company, valued at approximately $2,221,053.45. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd Kahn sold 10,344 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the transaction, the chief executive officer owned 131,815 shares in the company, valued at $14,104,205. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 115,485 shares of company stock valued at $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Robert W. Baird set a $140.00 price target on shares of Tapestry in a research report on Wednesday, December 17th. BTIG Research initiated coverage on shares of Tapestry in a research report on Tuesday, October 14th. They issued a “buy” rating and a $140.00 price objective for the company. Barclays lifted their target price on shares of Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Jefferies Financial Group increased their price target on Tapestry from $135.00 to $142.00 and gave the company a “buy” rating in a report on Friday, December 12th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Tapestry Stock Performance

Tapestry stock opened at $129.51 on Wednesday. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $131.40. 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 $26.50 billion, a price-to-earnings ratio of 115.64, a price-to-earnings-growth ratio of 2.68 and a beta of 1.65. The firm’s fifty day moving average price is $113.96 and its 200 day moving average price is $107.43.

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

Tapestry announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Tapestry Dividend Announcement

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

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.