Tapestry, Inc. $TPR Shares Acquired by Candlestick Capital Management LP

Candlestick Capital Management LP grew its holdings in Tapestry, Inc. (NYSE:TPR) by 50.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,305,329 shares of the luxury accessories retailer’s stock after acquiring an additional 436,645 shares during the quarter. Tapestry comprises 3.6% of Candlestick Capital Management LP’s investment portfolio, making the stock its 4th biggest holding. Candlestick Capital Management LP owned about 0.64% of Tapestry worth $147,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TPR. Cloud Capital Management LLC acquired a new position in Tapestry in the third quarter valued at approximately $26,000. Vestor Capital LLC acquired a new stake in Tapestry during the second quarter worth approximately $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Tapestry during the 2nd quarter worth approximately $39,000. Wealth Watch Advisors INC purchased a new stake in shares of Tapestry during the 3rd quarter worth approximately $54,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Tapestry by 2,171.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock valued at $54,000 after buying an additional 456 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and dropped their target price for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. BNP Paribas Exane assumed coverage on Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price on the stock. Finally, Guggenheim assumed coverage on Tapestry in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Two research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.06.

Tapestry Trading Down 0.4%

NYSE TPR opened at $142.12 on Friday. The firm’s fifty day moving average is $141.96 and its two-hundred day moving average is $123.09. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The firm has a market cap of $28.77 billion, a PE ratio of 58.73, a P/E/G ratio of 1.70 and a beta of 1.55.

Tapestry (NYSE:TPR) last announced 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. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insider Activity at Tapestry

In other news, VP Manesh Dadlani sold 2,147 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total transaction of $329,500.09. Following the completion of the sale, the vice president owned 18,475 shares in the company, valued at $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the sale, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,956 shares of company stock worth $25,297,262 in the last ninety days. 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.