Hanseatic Management Services Inc. Invests $1.76 Million in Tapestry, Inc. $TPR

Hanseatic Management Services Inc. acquired a new stake in Tapestry, Inc. (NYSE:TPR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,473 shares of the luxury accessories retailer’s stock, valued at approximately $1,760,000. Tapestry makes up approximately 1.7% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also modified their holdings of TPR. World Investment Advisors increased its position in Tapestry by 3.6% during the 1st quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock worth $279,000 after purchasing an additional 69 shares in the last quarter. Horizon Bancorp Inc. IN lifted its position in Tapestry by 4.7% during the first quarter. Horizon Bancorp Inc. IN now owns 1,575 shares of the luxury accessories retailer’s stock valued at $222,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Tapestry by 2.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock worth $477,000 after buying an additional 73 shares during the period. Northwest Wealth Management LLC grew its stake in Tapestry by 3.4% during the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after buying an additional 82 shares during the period. Finally, Fulton Bank N.A. grew its stake in Tapestry by 2.8% during the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 1.9%

TPR opened at $141.43 on Friday. The firm’s 50 day moving average is $141.43 and its 200-day moving average is $142.04. Tapestry, Inc. has a 52-week low of $92.62 and a 52-week high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of $28.57 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.30 and a beta of 1.43.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts expect that Tapestry, Inc. will post 6.96 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Tapestry’s dividend payout ratio is presently 51.28%.

Insider Transactions at Tapestry

In other news, CEO Todd Kahn sold 19,557 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $180.00 target price on shares of Tapestry in a research note on Tuesday, June 2nd. BTIG Research reaffirmed a “buy” rating and set a $180.00 price target on shares of Tapestry in a research report on Wednesday, June 10th. Barclays increased their price target on Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group raised their price objective on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Robert W. Baird boosted their price objective on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.06.

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.