Universal Beteiligungs und Servicegesellschaft mbH Has $22.68 Million Stock Position in Tapestry, Inc. $TPR

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Tapestry, Inc. (NYSE:TPR) by 40.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,262 shares of the luxury accessories retailer’s stock after acquiring an additional 73,998 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Tapestry worth $22,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Tapestry in the first quarter worth approximately $59,133,000. AQR Capital Management LLC grew its position in Tapestry by 47.4% during the first quarter. AQR Capital Management LLC now owns 2,607,742 shares of the luxury accessories retailer’s stock valued at $177,405,000 after purchasing an additional 838,057 shares in the last quarter. Aviva PLC acquired a new position in Tapestry in the 2nd quarter valued at approximately $67,612,000. Samlyn Capital LLC increased its stake in Tapestry by 50.2% in the 1st quarter. Samlyn Capital LLC now owns 1,972,241 shares of the luxury accessories retailer’s stock valued at $138,865,000 after buying an additional 658,889 shares during the period. Finally, Southpoint Capital Advisors LP lifted its position in Tapestry by 25.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 2,500,000 shares of the luxury accessories retailer’s stock worth $176,025,000 after buying an additional 500,000 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In related news, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry 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 transaction, the director owned 8,153 shares in the company, valued at $865,767.07. This trade represents a 58.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Manesh Dadlani sold 7,882 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $99.05, for a total transaction of $780,712.10. Following the sale, the vice president owned 21,098 shares of the company’s stock, valued at $2,089,756.90. This trade represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

Shares of NYSE TPR opened at $103.35 on Wednesday. The business’s 50-day simple moving average is $110.76 and its 200-day simple moving average is $99.23. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. Tapestry, Inc. has a 52 week low of $54.98 and a 52 week high of $118.56. The firm has a market cap of $21.15 billion, a price-to-earnings ratio of 164.04, a P/E/G ratio of 2.72 and a beta of 1.71.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities research analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry declared that its Board of Directors has approved a share repurchase program on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Tapestry’s dividend payout ratio (DPR) is presently 142.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TPR shares. The Goldman Sachs Group boosted their price target on shares of Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 6th. BTIG Research began coverage on Tapestry in a research note on Tuesday, October 14th. They set a “buy” rating and a $140.00 price target for the company. Sanford C. Bernstein lifted their price target on Tapestry from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Raymond James Financial increased their price objective on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, October 8th. Eighteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and a consensus target price of $119.26.

Tapestry 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.