Osaic Holdings Inc. Boosts Holdings in Tapestry, Inc. $TPR

Osaic Holdings Inc. lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 50.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,943 shares of the luxury accessories retailer’s stock after buying an additional 9,755 shares during the quarter. Osaic Holdings Inc.’s holdings in Tapestry were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. First PREMIER Bank purchased a new stake in Tapestry in the second quarter worth about $25,000. Vestor Capital LLC bought a new position in shares of Tapestry in the 2nd quarter worth approximately $27,000. Flaharty Asset Management LLC purchased a new position in shares of Tapestry in the 1st quarter valued at approximately $25,000. CVA Family Office LLC lifted its stake in shares of Tapestry by 224.8% in the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock valued at $33,000 after purchasing an additional 263 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Tapestry during the second quarter valued at approximately $37,000. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Up 0.8%

Shares of Tapestry stock opened at $131.23 on Friday. The company has a 50-day simple moving average of $113.43 and a two-hundred day simple moving average of $106.56. The stock has a market capitalization of $26.86 billion, a PE ratio of 117.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.65. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $131.40. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52.

Tapestry (NYSE:TPR) last announced 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 company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry announced that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Tapestry Announces Dividend

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

Insider Activity

In related news, CEO Todd Kahn sold 29,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.83, for a total transaction of $2,982,070.00. Following the sale, the chief executive officer directly owned 86,736 shares of the company’s stock, valued at $8,919,062.88. This trade represents a 25.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 115,485 shares of company stock valued at $12,034,058. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Sanford C. Bernstein raised their price objective on Tapestry from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial lifted their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Evercore ISI raised their target price on shares of Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Morgan Stanley lifted their target price on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Seventeen investment 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $122.00.

About Tapestry

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.