Hillsdale Investment Management Inc. Raises Stake in Tapestry, Inc. $TPR

Hillsdale Investment Management Inc. grew its holdings in Tapestry, Inc. (NYSE:TPR) by 13.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 52,800 shares of the luxury accessories retailer’s stock after buying an additional 6,100 shares during the period. Hillsdale Investment Management Inc.’s holdings in Tapestry were worth $5,978,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the 3rd quarter valued at approximately $26,000. Vestor Capital LLC purchased a new position in Tapestry in the 2nd quarter valued at $27,000. CVA Family Office LLC grew its position in 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 buying an additional 263 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Tapestry in the 2nd quarter valued at $39,000. Finally, SJS Investment Consulting Inc. raised its position in Tapestry by 2,171.4% during the 3rd quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock worth $54,000 after buying an additional 456 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 brokerages have recently issued reports on TPR. TD Cowen reiterated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. JPMorgan Chase & Co. boosted their target price on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Telsey Advisory Group increased their target price on Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. UBS Group reissued a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Tapestry Price Performance

TPR stock opened at $157.11 on Friday. The firm has a 50 day moving average of $134.93 and a 200-day moving average of $118.11. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 64.92, a PEG ratio of 1.93 and a beta of 1.63. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $158.28.

Tapestry (NYSE:TPR) last released its quarterly earnings results 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 business had revenue of $2.50 billion for 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 company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be given a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Tapestry’s dividend payout ratio (DPR) is currently 66.12%.

Tapestry announced that its board has initiated a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares in the company, valued at $3,289,880.88. This represents a 40.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 175,883 shares of company stock valued at $26,471,214. Company insiders own 1.32% of the company’s stock.

Tapestry Company 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.