Exchange Traded Concepts LLC Purchases 4,519 Shares of Tapestry, Inc. $TPR

Exchange Traded Concepts LLC increased its position in shares of Tapestry, Inc. (NYSE:TPR) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,696 shares of the luxury accessories retailer’s stock after purchasing an additional 4,519 shares during the period. Exchange Traded Concepts LLC’s holdings in Tapestry were worth $8,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPR. Wellington Management Group LLP boosted its position in shares of Tapestry by 72.8% during the first quarter. Wellington Management Group LLP now owns 274,215 shares of the luxury accessories retailer’s stock valued at $19,307,000 after buying an additional 115,528 shares during the period. Compound Planning Inc. lifted its stake in shares of Tapestry by 26.8% during the 1st quarter. Compound Planning Inc. now owns 7,248 shares of the luxury accessories retailer’s stock worth $510,000 after acquiring an additional 1,532 shares during the last quarter. FORA Capital LLC purchased a new position in Tapestry during the 1st quarter valued at $6,780,000. Redwood Investment Management LLC bought a new position in Tapestry in the 1st quarter valued at $1,317,000. Finally, Ieq Capital LLC increased its stake in Tapestry by 124.9% in the first quarter. Ieq Capital LLC now owns 145,687 shares of the luxury accessories retailer’s stock worth $10,258,000 after purchasing an additional 80,908 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Denise Kulikowsky sold 583 shares of Tapestry stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider owned 19,285 shares of the company’s stock, valued at $2,221,053.45. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Roe sold 18,794 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the sale, the chief financial officer directly owned 148,149 shares of the company’s stock, valued at $15,533,422.65. The trade was a 11.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,485 shares of company stock valued at $12,034,058 over the last three months. Corporate insiders own 1.32% of the company’s stock.

Tapestry Price Performance

Shares of TPR opened at $129.30 on Wednesday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The company has a 50 day moving average price of $112.62 and a 200-day moving average price of $105.68. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $130.28. The stock has a market capitalization of $26.46 billion, a PE ratio of 115.45, a PEG ratio of 2.65 and a beta of 1.65.

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

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

Tapestry Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is presently 142.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Tapestry from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Guggenheim initiated coverage on shares of Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Evercore ISI upped their target price on shares of Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Robert W. Baird set a $140.00 price target on shares of Tapestry in a research note on Wednesday, December 17th. Finally, Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Tapestry Company 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.