Generali Asset Management SPA SGR Invests $2.38 Million in Tapestry, Inc. $TPR

Generali Asset Management SPA SGR purchased a new stake in Tapestry, Inc. (NYSE:TPR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,998 shares of the luxury accessories retailer’s stock, valued at approximately $2,377,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MAI Capital Management raised its position in shares of Tapestry by 51.7% in the first quarter. MAI Capital Management now owns 593 shares of the luxury accessories retailer’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Royal Bank of Canada grew its stake in Tapestry by 292.8% in the 1st 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 last quarter. Ancora Advisors LLC raised its holdings in Tapestry by 7,948.1% in the 1st quarter. Ancora Advisors LLC now owns 8,692 shares of the luxury accessories retailer’s stock valued at $612,000 after acquiring an additional 8,584 shares during the period. Amundi lifted its position in Tapestry by 25.4% during the first quarter. Amundi now owns 432,323 shares of the luxury accessories retailer’s stock worth $28,140,000 after acquiring an additional 87,550 shares during the last quarter. Finally, Samlyn Capital LLC boosted its holdings in shares of Tapestry by 50.2% during the first quarter. Samlyn Capital LLC now owns 1,972,241 shares of the luxury accessories retailer’s stock worth $138,865,000 after acquiring an additional 658,889 shares during the period. 90.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Tapestry in a research note on Wednesday, December 17th. BTIG Research began coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective 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 report on Tuesday, December 16th. Evercore ISI raised their price target on shares of Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and a consensus price target of $122.00.

Tapestry Trading Up 1.1%

TPR opened at $129.17 on Friday. The stock has a market capitalization of $26.44 billion, a price-to-earnings ratio of 115.33, a P/E/G ratio of 2.65 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $131.40. The company has a 50-day simple moving average of $114.77 and a 200 day simple moving average of $108.20.

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

Tapestry Dividend Announcement

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

Tapestry declared that its board has initiated a share buyback program on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Tapestry

In related news, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total transaction of $67,144.11. Following the completion of the sale, the insider directly owned 19,285 shares in the company, valued at $2,221,053.45. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. The trade was a 4.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 115,485 shares of company stock worth $12,034,058. 1.32% of the stock is owned by insiders.

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.