Counterpoint Mutual Funds LLC Has $2.74 Million Holdings in Tapestry, Inc. $TPR

Counterpoint Mutual Funds LLC grew its holdings in Tapestry, Inc. (NYSE:TPR) by 420.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,233 shares of the luxury accessories retailer’s stock after purchasing an additional 19,580 shares during the quarter. Tapestry makes up approximately 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 28th biggest holding. Counterpoint Mutual Funds LLC’s holdings in Tapestry were worth $2,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TPR. Cloud Capital Management LLC bought a new position in Tapestry in the third quarter valued at approximately $26,000. Vestor Capital LLC acquired a new position in shares of Tapestry in the 2nd quarter valued at $27,000. 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. Johnson Financial Group Inc. bought a new position in shares of Tapestry in the 2nd quarter worth $39,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Tapestry by 2,171.4% during the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock worth $54,000 after purchasing an additional 456 shares during the period. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Performance

TPR opened at $152.76 on Tuesday. The company has a market capitalization of $30.93 billion, a price-to-earnings ratio of 63.13, a P/E/G ratio of 1.93 and a beta of 1.63. The business’s 50-day moving average price is $135.51 and its two-hundred day moving average price is $118.47. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $158.28. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

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

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

Tapestry Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio is currently 66.12%.

Insider Buying and Selling

In other Tapestry news, CFO Scott A. Roe sold 44,290 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares of the company’s stock, valued at $21,233,715.36. The trade was a 24.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the sale, the chief executive officer owned 120,578 shares in the company, valued at approximately $18,248,274.52. This represents a 24.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 165,539 shares of company stock worth $25,364,406 over the last three months. Company insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TPR shares. JPMorgan Chase & Co. raised their target price on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Citigroup lifted their price objective on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and decreased their price objective for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Telsey Advisory Group increased their target price on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, UBS Group reissued a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.00.

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.