Carolina Wealth Advisors LLC Increases Stock Position in Tapestry, Inc. $TPR

Carolina Wealth Advisors LLC lifted its holdings in Tapestry, Inc. (NYSE:TPR) by 1,168.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,205 shares of the luxury accessories retailer’s stock after acquiring an additional 1,110 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Tapestry were worth $106,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First PREMIER Bank purchased a new stake in Tapestry in the second quarter worth about $25,000. Flaharty Asset Management LLC bought a new stake in shares of Tapestry in the 1st quarter worth approximately $25,000. Harbour Investments Inc. grew its stake in shares of Tapestry by 120.1% in the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock worth $25,000 after buying an additional 197 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Tapestry during the 1st quarter valued at approximately $29,000. Finally, Ameritas Advisory Services LLC purchased a new position in Tapestry during the second quarter valued at $37,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Tapestry Stock Down 0.6%

TPR opened at $114.91 on Friday. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 182.40, a PEG ratio of 2.77 and a beta of 1.57. The firm has a 50 day moving average price of $107.09 and a 200-day moving average price of $89.33. Tapestry, Inc. has a twelve month low of $43.07 and a twelve month high of $117.77. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.67 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. Equities research analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. This is a boost from Tapestry’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, September 5th. Tapestry’s dividend payout ratio (DPR) is currently 253.97%.

Insider Transactions at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $106.19, for a total value of $1,202,070.80. Following the transaction, the director directly owned 8,153 shares of the company’s stock, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the sale, the vice president owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. This represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TPR shares. Raymond James Financial reissued an “outperform” rating and issued a $115.00 target price (up from $85.00) on shares of Tapestry in a research note on Tuesday, July 22nd. TD Cowen raised shares of Tapestry from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Thursday, June 12th. UBS Group decreased their target price on shares of Tapestry from $112.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Evercore ISI dropped their target price on shares of Tapestry from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.47.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.