Park Capital Management LLC WI Purchases Shares of 7,384 Tapestry, Inc. $TPR

Park Capital Management LLC WI purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 7,384 shares of the luxury accessories retailer’s stock, valued at approximately $836,000.

Several other large investors also recently made changes to their positions in the stock. First PREMIER Bank bought a new position in shares of Tapestry in the second quarter valued at $25,000. Vestor Capital LLC acquired a new stake in Tapestry in the second quarter valued at $27,000. Flaharty Asset Management LLC bought a new position in shares of Tapestry in the 1st quarter valued at about $25,000. CVA Family Office LLC increased its stake in shares of Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Tapestry during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TPR shares. Morgan Stanley raised their target price on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Guggenheim initiated coverage on Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their target price on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Tapestry Stock Performance

NYSE:TPR opened at $129.69 on Friday. The stock has a market cap of $26.54 billion, a P/E ratio of 115.79, a PEG ratio of 2.68 and a beta of 1.65. The stock has a 50 day simple moving average of $113.14 and a 200 day simple moving average of $106.01. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $130.93.

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

Tapestry Dividend Announcement

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

Tapestry declared that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Tapestry

In other news, insider David E. Howard sold 25,029 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. This trade represents a 31.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of Tapestry stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the completion of the sale, the chief executive officer owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. The trade was a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,485 shares of company stock valued at $12,034,058 in the last quarter. Company insiders own 1.32% of the company’s stock.

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.