Tapestry, Inc. $TPR Shares Sold by Interval Partners LP

Interval Partners LP reduced its position in shares of Tapestry, Inc. (NYSE:TPR) by 69.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 318,628 shares of the luxury accessories retailer’s stock after selling 715,764 shares during the period. Interval Partners LP’s holdings in Tapestry were worth $36,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sirios Capital Management L P acquired a new position in Tapestry in the 3rd quarter valued at about $768,000. Siemens Fonds Invest GmbH purchased a new position in shares of Tapestry in the third quarter valued at approximately $328,000. NorthRock Partners LLC grew its holdings in shares of Tapestry by 23.1% in the third quarter. NorthRock Partners LLC now owns 5,608 shares of the luxury accessories retailer’s stock valued at $635,000 after purchasing an additional 1,052 shares in the last quarter. Prudential PLC purchased a new stake in Tapestry during the 3rd quarter worth approximately $432,000. Finally, Nicolet Advisory Services LLC lifted its holdings in Tapestry by 10.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 3,254 shares of the luxury accessories retailer’s stock worth $375,000 after buying an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TPR. BNP Paribas Exane began coverage on shares of Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target for the company. BTIG Research boosted their target price on Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Jefferies Financial Group lowered Tapestry from a “buy” rating to a “hold” rating and reduced their price target for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price objective on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Citigroup raised their target price on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $151.06.

Insider Transactions at Tapestry

In other Tapestry news, CFO Scott A. Roe sold 44,290 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares of the company’s stock, valued at approximately $21,233,715.36. This trade represents a 24.15% 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, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

Tapestry Trading Down 0.4%

TPR opened at $142.12 on Friday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The company has a market cap of $28.77 billion, a P/E ratio of 58.73, a PEG ratio of 1.71 and a beta of 1.55. The business’s 50-day simple moving average is $141.96 and its 200-day simple moving average is $122.94.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm 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 was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities research analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio is presently 66.12%.

About Tapestry

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.