SG Americas Securities LLC Grows Holdings in Tapestry, Inc. $TPR

SG Americas Securities LLC raised its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 985.1% in the 4th quarter, Holdings Channel reports. The firm owned 405,087 shares of the luxury accessories retailer’s stock after purchasing an additional 367,755 shares during the quarter. SG Americas Securities LLC’s holdings in Tapestry were worth $51,758,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in Tapestry in the 3rd quarter worth about $26,000. Vestor Capital LLC bought a new stake in Tapestry during the 2nd quarter valued at about $27,000. Triumph Capital Management purchased a new stake in Tapestry in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new position in Tapestry in the 2nd quarter worth about $39,000. Finally, Larson Financial Group LLC grew its stake in Tapestry by 210.4% in the 3rd quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock worth $44,000 after acquiring an additional 263 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tapestry news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider directly owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Gates sold 6,498 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total value of $999,327.42. Following the transaction, the director directly owned 22,698 shares in the company, valued at approximately $3,490,725.42. The trade was a 22.26% 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 valued at $25,297,262 over the last quarter. Insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TPR. BNP Paribas Exane started coverage on shares of Tapestry in a research note on Friday, February 13th. They set an “outperform” rating and a $176.00 price target for the company. Guggenheim initiated coverage on Tapestry in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. BTIG Research lifted their target price on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Telsey Advisory Group upped their target price on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Jefferies Financial Group downgraded 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 report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Tapestry has an average rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Price Performance

TPR opened at $143.93 on Wednesday. The firm has a market capitalization of $29.14 billion, a PE ratio of 59.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The business’s 50-day moving average is $143.32 and its two-hundred day moving average is $125.18. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating 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 analyst estimates of $2.29 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is 66.12%.

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.