Aberdeen Group plc Grows Stock Holdings in Tapestry, Inc. $TPR

Aberdeen Group plc increased its stake in shares of Tapestry, Inc. (NYSE:TPR) by 115.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,322 shares of the luxury accessories retailer’s stock after purchasing an additional 18,895 shares during the quarter. Aberdeen Group plc’s holdings in Tapestry were worth $3,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in Tapestry during the third quarter worth about $26,000. Vestor Capital LLC acquired a new position in Tapestry in the 2nd quarter valued at $27,000. CVA Family Office LLC lifted its stake in shares of Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Tapestry during the second quarter worth $39,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Tapestry by 2,171.4% in the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock valued at $54,000 after purchasing an additional 456 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Price Performance

Shares of Tapestry stock opened at $157.11 on Friday. The stock has a market capitalization of $31.81 billion, a price-to-earnings ratio of 64.92, a PEG ratio of 1.87 and a beta of 1.63. The firm has a fifty day simple moving average of $134.93 and a 200-day simple moving average of $118.07. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $158.28. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, sell-side analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Tapestry announced that its board has authorized a share repurchase plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on TPR. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Telsey Advisory Group boosted their price target on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Evercore boosted their price objective on Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group lowered Tapestry from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $142.00 to $138.00 in a report on Wednesday, January 14th. Finally, Morgan Stanley raised their price objective on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Transactions at Tapestry

In other news, VP Manesh Dadlani sold 2,147 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total transaction of $329,500.09. Following the sale, the vice president owned 18,475 shares of the company’s stock, valued at $2,835,358.25. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne Gates sold 6,498 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares in the company, valued at $3,490,725.42. This represents a 22.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 175,883 shares of company stock valued at $26,471,214. 1.32% of the stock is currently 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.