Tapestry, Inc. $TPR Shares Sold by 111 Capital

111 Capital cut its stake in Tapestry, Inc. (NYSE:TPR) by 77.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,371 shares of the luxury accessories retailer’s stock after selling 8,162 shares during the period. 111 Capital’s holdings in Tapestry were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TPR. Schroder Investment Management Group grew its stake in shares of 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 valued at $351,487,000 after acquiring an additional 3,775,593 shares in the last quarter. Norges Bank bought a new position in Tapestry in the 2nd quarter worth about $227,248,000. Massachusetts Financial Services Co. MA grew its stake in shares of Tapestry by 250.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after purchasing an additional 1,750,566 shares in the last quarter. AQR Capital Management LLC increased its stake in Tapestry by 36.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after buying an additional 939,227 shares during the period. Finally, Marshall Wace LLP lifted its position in Tapestry by 2,547.4% in the second quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock worth $83,917,000 after purchasing an additional 919,569 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TPR shares. JPMorgan Chase & Co. lifted their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. BTIG Research boosted their price target on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. The Goldman Sachs Group set a $166.00 target price on Tapestry in a research report on Friday, February 6th. Finally, Guggenheim assumed coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Activity

In other Tapestry news, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $151.34, for a total value of $6,025,602.10. Following the completion of the sale, the chief executive officer owned 120,578 shares of the company’s stock, valued at approximately $18,248,274.52. This represents a 24.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total value of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares in the company, valued at approximately $21,233,715.36. This represents a 24.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by company insiders.

Tapestry Price Performance

Shares of TPR stock opened at $157.08 on Thursday. The firm’s 50 day moving average is $139.73 and its 200-day moving average is $120.83. The firm has a market capitalization of $31.80 billion, a price-to-earnings ratio of 64.91, a PEG ratio of 1.85 and a beta of 1.55. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97. 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 issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

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

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

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.