Tapestry, Inc. $TPR Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Tapestry, Inc. (NYSE:TPR) by 305.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,332 shares of the luxury accessories retailer’s stock after buying an additional 28,133 shares during the quarter. SG Americas Securities LLC’s holdings in Tapestry were worth $4,227,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TPR. Vanguard Group Inc. lifted its holdings in Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock valued at $2,274,536,000 after acquiring an additional 606,686 shares during the period. Geode Capital Management LLC increased its holdings in shares of Tapestry by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock valued at $482,125,000 after purchasing an additional 158,782 shares in the last quarter. SRS Investment Management LLC lifted its stake in shares of Tapestry by 12.4% in the second quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock valued at $468,275,000 after purchasing an additional 589,000 shares during the period. Schroder Investment Management Group boosted its holdings in Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after buying an additional 3,775,593 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Tapestry by 36.0% during the second quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after buying an additional 939,227 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In other news, insider David E. Howard sold 25,029 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the sale, the insider owned 55,354 shares in the company, valued at $5,673,785. This trade represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott A. Roe sold 18,794 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the transaction, the chief financial officer owned 148,149 shares of the company’s stock, valued at $15,533,422.65. The trade was a 11.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 115,485 shares of company stock worth $12,034,058 in the last three months. 1.32% of the stock is currently owned by company insiders.

Tapestry Stock Up 0.7%

Shares of NYSE:TPR opened at $134.43 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $27.51 billion, a P/E ratio of 120.03, a P/E/G ratio of 2.76 and a beta of 1.63. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $136.04. The stock’s fifty day simple moving average is $116.74 and its 200-day simple moving average is $110.01.

Tapestry (NYSE:TPR) last announced its 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 firm 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 revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities research analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

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

Tapestry Announces Dividend

The company also recently announced 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 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 142.86%.

Wall Street Analyst Weigh In

TPR has been the subject of a number of research reports. Evercore ISI lifted their price target on shares of Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a report on Tuesday, January 6th. Wells Fargo & Company lifted their price objective on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Robert W. Baird set a $140.00 target price on Tapestry in a research report on Wednesday, December 17th. Finally, Barclays restated an “overweight” rating and issued a $154.00 price target on shares of Tapestry in a research report on Tuesday, January 6th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.21.

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.