Atria Investments Inc Has $218,000 Stock Holdings in Tapestry, Inc. $TPR

Atria Investments Inc reduced its holdings in Tapestry, Inc. (NYSE:TPR) by 69.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,479 shares of the luxury accessories retailer’s stock after selling 5,621 shares during the quarter. Atria Investments Inc’s holdings in Tapestry were worth $218,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Tapestry during the first quarter worth $59,133,000. AQR Capital Management LLC lifted its holdings in Tapestry by 47.4% during the 1st quarter. AQR Capital Management LLC now owns 2,607,742 shares of the luxury accessories retailer’s stock worth $177,405,000 after buying an additional 838,057 shares during the period. Samlyn Capital LLC lifted its holdings in Tapestry by 50.2% during the 1st quarter. Samlyn Capital LLC now owns 1,972,241 shares of the luxury accessories retailer’s stock worth $138,865,000 after buying an additional 658,889 shares during the period. Southpoint Capital Advisors LP grew its position in shares of 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 valued at $176,025,000 after buying an additional 500,000 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Tapestry by 292.8% in the first quarter. Royal Bank of Canada now owns 305,590 shares of the luxury accessories retailer’s stock valued at $21,516,000 after buying an additional 464,113 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TPR. Bank of America cut Tapestry from a “buy” rating to a “neutral” rating and upped their target price for the company from $95.00 to $115.00 in a report on Tuesday, July 29th. UBS Group dropped their price target on shares of Tapestry from $112.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Cowen reiterated a “buy” rating on shares of Tapestry in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $130.00 price target on shares of Tapestry in a research report on Wednesday, October 29th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Tapestry Stock Down 3.1%

Tapestry stock opened at $100.72 on Friday. The company has a market capitalization of $20.61 billion, a PE ratio of 159.87, a PEG ratio of 2.72 and a beta of 1.71. Tapestry, Inc. has a 12-month low of $54.98 and a 12-month high of $118.56. The firm’s fifty day moving average is $110.91 and its 200 day moving average is $98.17. 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 quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, sell-side analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, December 5th. Tapestry’s dividend payout ratio (DPR) is 142.86%.

Tapestry declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity at Tapestry

In other news, Director Alan Ka Ming Lau sold 11,320 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the transaction, the director directly owned 8,153 shares of the company’s stock, valued at $865,767.07. This represents a 58.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction on Monday, August 25th. The shares were sold at an average price of $99.05, for a total transaction of $780,712.10. Following the completion of the sale, the vice president directly owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.32% of the company’s stock.

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.