Cambria Investment Management L.P. Acquires New Shares in Tapestry, Inc. $TPR

Cambria Investment Management L.P. bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,581 shares of the luxury accessories retailer’s stock, valued at approximately $745,000.

A number of other institutional investors have also added to or reduced their stakes in TPR. Cloud Capital Management LLC purchased a new stake in shares of Tapestry in the 3rd quarter worth approximately $26,000. Triumph Capital Management bought a new position in shares of Tapestry during the third quarter valued at approximately $29,000. Vestor Capital LLC purchased a new position in Tapestry during the second quarter valued at approximately $27,000. Larson Financial Group LLC increased its holdings in Tapestry by 210.4% during the third quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock valued at $44,000 after buying an additional 263 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Tapestry in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In related news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the transaction, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott A. Roe sold 44,290 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 139,128 shares in the company, valued at $21,233,715.36. This trade represents a 24.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

Tapestry Stock Down 1.6%

Shares of TPR opened at $140.55 on Friday. The company has a market capitalization of $28.46 billion, a price-to-earnings ratio of 58.08, a PEG ratio of 1.71 and a beta of 1.55. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97. The stock’s 50-day moving average price is $142.92 and its 200-day moving average price is $124.33. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

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

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is 66.12%.

Analyst Ratings Changes

A number of analysts have weighed in on TPR shares. Jefferies Financial Group lowered Tapestry from a “buy” rating to a “hold” rating and lowered their target price for the stock from $142.00 to $138.00 in a report on Wednesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $141.00 price objective on shares of Tapestry in a research note on Monday, February 9th. BTIG Research raised their price objective on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Barclays set a $179.00 target price on Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.06.

Tapestry 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.