HB Wealth Management LLC Has $1.34 Million Stock Holdings in Tapestry, Inc. $TPR

HB Wealth Management LLC increased its stake in shares of Tapestry, Inc. (NYSE:TPR) by 59.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,807 shares of the luxury accessories retailer’s stock after buying an additional 4,425 shares during the period. HB Wealth Management LLC’s holdings in Tapestry were worth $1,337,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. First PREMIER Bank bought a new position in shares of Tapestry during the second quarter worth approximately $25,000. Vestor Capital LLC bought a new stake in shares of Tapestry during the 2nd quarter valued at approximately $27,000. CVA Family Office LLC increased its holdings in shares of Tapestry by 224.8% during the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after buying an additional 263 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Tapestry in the 2nd quarter worth about $37,000. Finally, Johnson Financial Group Inc. bought a new position in Tapestry in the 2nd quarter valued at approximately $39,000. Institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In related news, CEO Joanne C. Crevoiserat sold 31,735 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $105.31, for a total value of $3,342,012.85. Following the completion of the transaction, the chief executive officer directly owned 667,233 shares in the company, valued at approximately $70,266,307.23. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David E. Howard sold 25,029 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the completion of the transaction, the insider owned 55,354 shares of the company’s stock, valued at $5,673,785. The trade was a 31.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 115,485 shares of company stock worth $12,034,058. 1.32% of the stock is owned by insiders.

Tapestry Stock Up 0.7%

TPR opened at $134.43 on Monday. The company has a market cap of $27.51 billion, a PE ratio of 120.03, a price-to-earnings-growth ratio of 2.76 and a beta of 1.63. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $136.04. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The company has a 50 day moving average of $116.74 and a 200 day moving average of $110.01.

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, topping analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, sell-side analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry declared that its board has approved 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 an indication that the company’s management believes its shares are undervalued.

Tapestry Announces Dividend

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

Analysts Set New Price Targets

TPR has been the topic of several recent research reports. Guggenheim began coverage on Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. BTIG Research began coverage on shares of Tapestry in a research note on Tuesday, October 14th. They issued a “buy” rating and a $140.00 price target for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Tapestry in a research report on Wednesday, December 17th. UBS Group raised their price target on shares of Tapestry from $105.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Raymond James Financial upped their target price on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.21.

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.