Dymon Asia Capital Singapore PTE. LTD. Has $2.85 Million Stock Holdings in Tapestry, Inc. $TPR

Dymon Asia Capital Singapore PTE. LTD. lessened its holdings in Tapestry, Inc. (NYSE:TPR) by 58.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,500 shares of the luxury accessories retailer’s stock after selling 45,600 shares during the period. Tapestry comprises 0.4% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 7th biggest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Tapestry were worth $2,854,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new stake in shares of Tapestry in the 1st quarter valued at approximately $25,000. First PREMIER Bank bought a new position in Tapestry in the 2nd quarter valued at approximately $25,000. Vestor Capital LLC bought a new stake in shares of Tapestry during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Tapestry during the first quarter worth $29,000. Finally, 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 acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Guggenheim assumed coverage on shares of Tapestry in a report on Tuesday. They issued a “neutral” rating for the company. Wells Fargo & Company reduced their target price on shares of Tapestry from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Evercore ISI raised their price target on shares of Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $119.26.

Tapestry Stock Performance

NYSE:TPR opened at $118.16 on Wednesday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $118.92. The company has a 50 day simple moving average of $110.66 and a two-hundred day simple moving average of $102.49. The company has a market capitalization of $24.18 billion, a PE ratio of 105.50, a P/E/G ratio of 2.41 and a beta of 1.65.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Friday, December 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, December 5th. Tapestry’s dividend payout ratio (DPR) is presently 142.86%.

Tapestry announced that its board has authorized a stock repurchase 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 buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Tapestry

In other Tapestry news, insider David E. Howard sold 25,029 shares of Tapestry stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the completion of the sale, the insider directly owned 55,354 shares in the company, valued at approximately $5,673,785. The trade was a 31.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction that occurred 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 directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. This trade represents a 11.26% 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 sold 126,805 shares of company stock worth $13,236,129. Corporate insiders own 1.32% of the company’s stock.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.