Clayton Financial Group LLC Makes New Investment in Tapestry, Inc. $TPR

Clayton Financial Group LLC bought a new stake in Tapestry, Inc. (NYSE:TPR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,889 shares of the luxury accessories retailer’s stock, valued at approximately $667,000. Tapestry comprises approximately 0.5% of Clayton Financial Group LLC’s portfolio, making the stock its 26th biggest position.

Several other large investors also recently modified their holdings of the stock. Czech National Bank raised its stake in Tapestry by 6.8% in the 2nd quarter. Czech National Bank now owns 50,781 shares of the luxury accessories retailer’s stock valued at $4,459,000 after acquiring an additional 3,233 shares during the period. Fisher Asset Management LLC raised its position in shares of Tapestry by 5,027.6% in the second quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock valued at $43,904,000 after purchasing an additional 490,237 shares during the period. Range Financial Group LLC lifted its stake in shares of Tapestry by 20.5% during the 2nd quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer’s stock valued at $3,376,000 after buying an additional 6,535 shares in the last quarter. WESPAC Advisors LLC bought a new position in Tapestry in the 2nd quarter worth approximately $561,000. Finally, Mubadala Investment Co PJSC bought a new position in Tapestry in the 1st quarter worth approximately $4,073,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their target price on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Tapestry in a report on Wednesday, December 17th. Barclays upped their price target on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, Raymond James Financial raised their price objective on shares of Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Tapestry Stock Up 0.2%

TPR stock opened at $129.69 on Friday. The company’s 50 day moving average is $113.14 and its 200 day moving average is $106.01. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of 115.79, a price-to-earnings-growth ratio of 2.68 and a beta of 1.65. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $130.93.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Sell-side analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s dividend payout ratio is currently 142.86%.

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

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total transaction of $67,144.11. Following the transaction, the insider directly owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $105.31, for a total value of $3,342,012.85. Following the completion of the sale, the chief executive officer owned 667,233 shares of the company’s stock, valued at $70,266,307.23. The trade was a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is currently owned by company insiders.

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.