Tapestry, Inc. $TPR Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Tapestry, Inc. (NYSE:TPR) by 20.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 310,008 shares of the luxury accessories retailer’s stock after purchasing an additional 51,746 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Tapestry worth $35,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its position in shares of Tapestry by 45.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,832 shares of the luxury accessories retailer’s stock worth $999,000 after buying an additional 2,777 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in Tapestry during the third quarter worth about $365,000. Inscription Capital LLC purchased a new stake in shares of Tapestry in the third quarter valued at about $750,000. Root Financial Partners LLC purchased a new stake in shares of Tapestry in the third quarter valued at about $57,000. Finally, QTR Family Wealth LLC acquired a new stake in shares of Tapestry in the third quarter valued at approximately $227,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

TPR has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a research report on Tuesday, January 6th. Morgan Stanley increased their price objective on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Raymond James Financial boosted their target price on shares of Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Robert W. Baird set a $140.00 target price on shares of Tapestry in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.11.

Insider Buying and Selling

In other Tapestry news, insider David E. Howard sold 25,029 shares of Tapestry 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 in the company, valued at $5,673,785. This trade represents a 31.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the sale, the insider owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,485 shares of company stock worth $12,034,058 over the last 90 days. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Up 2.4%

Shares of NYSE:TPR opened at $132.21 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The firm has a market cap of $27.06 billion, a price-to-earnings ratio of 118.04, a PEG ratio of 2.65 and a beta of 1.63. The stock’s 50-day moving average price is $121.16 and its two-hundred day moving average price is $112.33. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $136.04.

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 during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The company’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, research analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Tapestry declared that its board has authorized a stock repurchase plan on Thursday, November 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.