Boothbay Fund Management LLC Decreases Stock Holdings in Tapestry, Inc. $TPR

Boothbay Fund Management LLC lessened its stake in Tapestry, Inc. (NYSE:TPR) by 47.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,394 shares of the luxury accessories retailer’s stock after selling 132,750 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.07% of Tapestry worth $16,348,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TPR. Woodline Partners LP grew its position in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after purchasing an additional 3,495 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Tapestry during the first quarter worth about $493,000. Sivia Capital Partners LLC acquired a new position in shares of Tapestry during the 2nd quarter worth about $602,000. ProShare Advisors LLC lifted its stake in Tapestry by 13.2% in the 2nd quarter. ProShare Advisors LLC now owns 35,438 shares of the luxury accessories retailer’s stock valued at $3,112,000 after buying an additional 4,145 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in Tapestry in the 2nd quarter valued at about $402,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group reiterated a “neutral” rating and set a $141.00 price objective on shares of Tapestry in a research note on Monday, February 9th. Jefferies Financial Group downgraded Tapestry from a “buy” rating to a “hold” rating and decreased their target price for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research note on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Finally, Guggenheim began coverage on Tapestry in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Stock Down 0.4%

NYSE TPR opened at $142.12 on Friday. The business’s fifty day simple moving average is $141.96 and its 200-day simple moving average is $123.09. 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 firm has a market cap of $28.77 billion, a PE ratio of 58.73, a P/E/G ratio of 1.70 and a beta of 1.55. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97.

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

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. 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 currently 66.12%.

Insider Buying and Selling at Tapestry

In other news, Director Anne Gates sold 6,498 shares of Tapestry stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total transaction of $999,327.42. Following the sale, the director owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. The trade was a 22.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Manesh Dadlani sold 2,147 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the transaction, the vice president owned 18,475 shares in the company, valued at $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

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.