Tapestry, Inc. $TPR Stock Position Raised by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 5,027.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 499,988 shares of the luxury accessories retailer’s stock after acquiring an additional 490,237 shares during the quarter. Fisher Asset Management LLC owned approximately 0.24% of Tapestry worth $43,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Edgestream Partners L.P. raised its position in shares of Tapestry by 24.2% during the 2nd quarter. Edgestream Partners L.P. now owns 71,834 shares of the luxury accessories retailer’s stock worth $6,308,000 after purchasing an additional 13,981 shares during the period. Panagora Asset Management Inc. grew its stake in Tapestry by 18.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 15,365 shares of the luxury accessories retailer’s stock worth $1,349,000 after buying an additional 2,432 shares during the last quarter. Trustmark Bank Trust Department increased its position in Tapestry by 9.9% in the second quarter. Trustmark Bank Trust Department now owns 43,535 shares of the luxury accessories retailer’s stock worth $3,823,000 after buying an additional 3,920 shares during the period. Schroder Investment Management Group increased its position in Tapestry by 1,661.6% in the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after buying an additional 3,775,593 shares during the period. Finally, Silvant Capital Management LLC bought a new stake in Tapestry in the second quarter valued at $4,347,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd Kahn sold 10,344 shares of Tapestry stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the completion of the transaction, the chief executive officer directly owned 131,815 shares in the company, valued at approximately $14,104,205. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,222 shares of company stock valued at $13,168,985 over the last 90 days. 1.32% of the stock is owned by insiders.

Tapestry Stock Performance

Shares of TPR opened at $109.18 on Wednesday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. The firm’s 50 day moving average is $110.17 and its 200-day moving average is $101.23. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $118.56. The stock has a market capitalization of $22.34 billion, a P/E ratio of 173.30, a P/E/G ratio of 2.72 and a beta of 1.71.

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

Tapestry declared that its board has approved a share repurchase program on Thursday, November 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Tapestry’s payout ratio is 142.86%.

Analyst Ratings Changes

Several research firms have recently commented on TPR. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Tapestry in a research report on Friday, November 7th. Jefferies Financial Group upped their target price on shares of Tapestry from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. UBS Group reduced their price objective on Tapestry from $112.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Finally, Barclays raised their target price on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.