9,358 Shares in Tapestry, Inc. $TPR Bought by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Tapestry, Inc. (NYSE:TPR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,358 shares of the luxury accessories retailer’s stock, valued at approximately $822,000.

Several other institutional investors have also recently made changes to their positions in TPR. Jump Financial LLC raised its position in shares of Tapestry by 1,025.9% during the first quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer’s stock valued at $5,612,000 after buying an additional 72,623 shares during the last quarter. Czech National Bank increased its holdings in Tapestry by 6.8% in the 2nd quarter. Czech National Bank now owns 50,781 shares of the luxury accessories retailer’s stock valued at $4,459,000 after acquiring an additional 3,233 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Tapestry by 50.6% in the 1st quarter. Hsbc Holdings PLC now owns 351,793 shares of the luxury accessories retailer’s stock valued at $24,596,000 after acquiring an additional 118,200 shares during the last quarter. Range Financial Group LLC lifted its stake in Tapestry by 20.5% in the 2nd quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer’s stock worth $3,376,000 after purchasing an additional 6,535 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Tapestry by 5,027.6% during the 2nd quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock valued at $43,904,000 after purchasing an additional 490,237 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TPR shares. The Goldman Sachs Group lifted their target price on Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Wells Fargo & Company reduced their price objective on Tapestry from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Guggenheim initiated coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.63.

Insiders Place Their Bets

In other news, CEO Todd Kahn sold 10,344 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $107.00, for a total value of $1,106,808.00. Following the sale, the chief executive officer directly owned 131,815 shares in the company, valued at approximately $14,104,205. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David E. Howard sold 25,029 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total value of $2,565,472.50. Following the transaction, the insider owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. The trade was a 31.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,485 shares of company stock valued at $12,034,058 over the last quarter. Corporate insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

NYSE:TPR opened at $123.22 on Monday. The firm has a market capitalization of $25.22 billion, a PE ratio of 110.02, a PEG ratio of 2.53 and a beta of 1.65. The stock’s fifty day moving average is $111.05 and its 200 day moving average is $103.38. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $125.18. 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 (NYSE:TPR) last posted its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. Tapestry’s quarterly revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, sell-side analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 5th. Tapestry’s dividend payout ratio is 142.86%.

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

About Tapestry

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.