Tounjian Advisory Partners LLC Trims Stock Position in Tapestry, Inc. $TPR

Tounjian Advisory Partners LLC trimmed its position in Tapestry, Inc. (NYSE:TPR) by 22.9% during the third quarter, HoldingsChannel.com reports. The firm owned 13,988 shares of the luxury accessories retailer’s stock after selling 4,144 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in Tapestry were worth $1,584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great Diamond Partners LLC purchased a new stake in Tapestry during the 3rd quarter worth approximately $2,395,000. Three Seasons Wealth LLC bought a new position in Tapestry in the third quarter worth about $1,882,000. Stevens Capital Partners acquired a new stake in Tapestry during the third quarter valued at approximately $8,880,000. Fisher Asset Management LLC lifted its position in shares of Tapestry by 5,027.6% in the 2nd quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock valued at $43,904,000 after acquiring an additional 490,237 shares in the last quarter. Finally, Abacus FCF Advisors LLC purchased a new position in shares of Tapestry during the 3rd quarter valued at $17,332,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group reiterated a “neutral” rating and set a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and dropped their price target for the stock from $142.00 to $138.00 in a research note on Wednesday, January 14th. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a report on Friday, February 6th. Finally, Evercore increased their target price on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Tapestry Stock Performance

Tapestry stock opened at $155.16 on Friday. 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 company has a market cap of $31.41 billion, a PE ratio of 64.11, a PEG ratio of 1.92 and a beta of 1.63. The company’s 50-day moving average is $138.14 and its two-hundred day moving average is $119.67. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $2.00 EPS. Tapestry’s revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a $0.40 dividend. 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 66.12%.

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

Insider Transactions at Tapestry

In other news, CFO Scott A. Roe sold 44,290 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 139,128 shares in the company, valued at approximately $21,233,715.36. This represents a 24.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd Kahn sold 39,815 shares of Tapestry stock in a transaction on Monday, February 9th. The shares were sold at an average price of $151.34, for a total value of $6,025,602.10. Following the completion of the transaction, the chief executive officer owned 120,578 shares in the company, valued at approximately $18,248,274.52. The trade was a 24.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 165,539 shares of company stock worth $25,364,406. Corporate 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.