Tapestry, Inc. $TPR Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC cut its holdings in Tapestry, Inc. (NYSE:TPR) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,563 shares of the luxury accessories retailer’s stock after selling 438 shares during the period. Jacobi Capital Management LLC’s holdings in Tapestry were worth $533,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TPR. Harbour Investments Inc. lifted its holdings in Tapestry by 120.1% in the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock valued at $25,000 after acquiring an additional 197 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Tapestry in the first quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Tapestry in the first quarter valued at approximately $29,000. Opal Wealth Advisors LLC acquired a new position in Tapestry in the first quarter valued at approximately $35,000. Finally, MorganRosel Wealth Management LLC acquired a new position in Tapestry in the first quarter valued at approximately $35,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TPR has been the topic of a number of research reports. Sanford C. Bernstein restated an “outperform” rating and set a $112.00 price target on shares of Tapestry in a research note on Friday, August 15th. Barclays upped their price target on Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Tapestry in a research note on Thursday. Argus upped their price target on Tapestry from $78.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Finally, Evercore ISI decreased their price target on Tapestry from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus target price of $106.47.

Tapestry Stock Down 0.3%

Shares of NYSE TPR opened at $106.55 on Friday. The stock has a market cap of $22.18 billion, a P/E ratio of 169.13, a PEG ratio of 2.68 and a beta of 1.52. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. Tapestry, Inc. has a 12-month low of $42.06 and a 12-month high of $114.05. The business’s fifty day simple moving average is $103.86 and its 200-day simple moving average is $85.54.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. As a group, equities analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 5th. This is an increase from Tapestry’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Tapestry’s payout ratio is 253.97%.

Insider Buying and Selling at Tapestry

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

About Tapestry

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.