Krilogy Financial LLC Buys New Position in Tapestry, Inc. $TPR

Krilogy Financial LLC bought a new stake in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 13,939 shares of the luxury accessories retailer’s stock, valued at approximately $1,524,000.

Several other hedge funds have also made changes to their positions in TPR. First National Trust Co purchased a new stake in shares of Tapestry during the third quarter worth $226,000. Oppenheimer & Co. Inc. grew its stake in Tapestry by 54.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,318 shares of the luxury accessories retailer’s stock worth $715,000 after purchasing an additional 2,223 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Tapestry during the 3rd quarter worth about $779,000. Azzad Asset Management Inc. ADV purchased a new stake in Tapestry during the 3rd quarter worth about $664,000. Finally, Smartleaf Asset Management LLC raised its position in Tapestry by 68.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,609 shares of the luxury accessories retailer’s stock valued at $402,000 after purchasing an additional 1,468 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Raymond James Financial boosted their price objective on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Wells Fargo & Company lifted their price target on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of Tapestry in a report on Tuesday. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and reduced their price objective for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Finally, Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

Tapestry Trading Up 0.8%

Shares of Tapestry stock opened at $154.47 on Thursday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The company has a market capitalization of $31.27 billion, a P/E ratio of 63.83, a PEG ratio of 1.89 and a beta of 1.63. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $158.20. The company’s fifty day moving average is $129.99 and its two-hundred day moving average is $115.92.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts forecast 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, March 23rd. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Tapestry’s dividend payout ratio is presently 66.12%.

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

Insider Buying and Selling

In other news, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the transaction, the chief financial officer directly owned 148,149 shares in the company, valued at $15,533,422.65. The trade was a 11.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David E. Howard sold 25,029 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares of the company’s stock, valued at $5,673,785. This represents a 31.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 155,300 shares of company stock worth $18,059,660. 1.32% of the stock is currently owned by insiders.

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.