Krane Funds Advisors LLC Purchases New Holdings in Tapestry, Inc. $TPR

Krane Funds Advisors LLC acquired a new position in Tapestry, Inc. (NYSE:TPR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,167 shares of the luxury accessories retailer’s stock, valued at approximately $485,000.

Several other large investors also recently added to or reduced their stakes in TPR. Cloud Capital Management LLC purchased a new stake in shares of Tapestry in the third quarter valued at $26,000. Vestor Capital LLC acquired a new position in Tapestry during the second quarter valued at $27,000. CVA Family Office LLC lifted its stake in Tapestry by 224.8% in the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after acquiring an additional 263 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Tapestry during the 2nd quarter worth about $39,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Tapestry during the 2nd quarter valued at about $45,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Trading Down 2.8%

Shares of NYSE:TPR opened at $152.76 on Tuesday. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $158.28. The firm has a fifty day moving average price of $135.51 and a 200 day moving average price of $118.47. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The stock has a market capitalization of $30.93 billion, a PE ratio of 63.13, a P/E/G ratio of 1.93 and a beta of 1.63.

Tapestry (NYSE:TPR) last announced 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 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 business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

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

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

Wall Street Analyst Weigh In

Several research firms recently commented on TPR. Guggenheim assumed coverage on shares of Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Citigroup lifted their target price on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, BNP Paribas Exane assumed coverage on Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Insiders Place Their Bets

In related news, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the transaction, 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Manesh Dadlani sold 2,147 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the sale, the vice president directly owned 18,475 shares in the company, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 165,539 shares of company stock valued at $25,364,406 in the last three months. Company insiders own 1.32% of the company’s stock.

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.